Local real estate firm helps secure location for new veterans housing facility in Fort Worth
When Texas State Land Commissioner George P. Bush and the Texas State General Land Office (GLO) began looking for an ideal location for a new veteran housing estate, Trojan Commercial Real Estate LLC helped close the deal.
As a minority owned commercial real estate company, Trojan CRE is making a name for itself as an emerging group aiming to make a difference in the southeast sector of the city’s commercial real estate landscape.
“The land for the government project is another example of the premium we have received,” said Tim Williams, President of Trojan CRE. “We identified three potential lots – all in Fort Worth – and the now donated land at 1100 Circle Drive was deemed the most suitable for a variety of reasons. First, it’s next to the Veterans Administration Clinic, and second, it’s near the Tarrant County Resource Connection. ”
The $ 25 million project will employ approximately 140-160 full-time and part-time employees when it goes live. The construction period is expected to be 20-24 months and will feature hundreds of local construction and commercial jobs throughout the construction period.
Upon opening, the DFW Veterans Home will have an ongoing financial impact of more than $ 9 million per year in salaries, goods and services.
According to VA Statistics, Texas leads the three states with the highest veteran population at around 950,000-1.8 million. Other states include California and Florida. GLO evaluated the large concentration of veterans in the state of Texas to determine the location of the closest veteran’s home. The real estate transaction was a land use donation between Tarrant County and the state of Texas brokered by Trojan CRE.
In a statement, Bush said, “Texans work together to ensure that our nation’s heroes receive the utmost care in what makes Texas great.”
In a meeting practically held on August 5th, the Texas Veterans Land Board (VLB) unanimously voted to designate the new veteran accommodation for the Tuskegee Airmen.
Fort Worth was home to at least five of the World War II heroes who were among the hundreds of black aviators trained in Alabama to fly missions during the war.
Texas’ 10th State Veterans Home will have its official groundbreaking ceremony on Thursday, August 19th at 9:00 am at 2200 Joe B. Rushing Road.
The Fort Worth Metropolitan Black Chamber of Commerce, which played a key role in getting VLB Chairman and State Land Commissioner George P. Bush to consider Fort Worth for the newest location, ran a campaign around the house to designate the Tuskegee Airmen, the chamber, said in a press release.
Several local officials sent letters of support. Among those who advocated attribution were Glen Whitley, Tarrant County Judge, Roy Brooks, Tarrant County Commissioner, and Senator Beverly Powell.