Fort Worth Business Press, May 12, 2014 Vol. 26, No. 18 | Page 36

36 May 12 - 18, 2014 | fwbusinesspress.com

courtesy photo

Fort Worth Club to sell
parking lot for office building

Photo highlighting the Fort Worth Club parking lot that will be sold to a firm that plans to build an office building and headquarters for Jetta Operating Co.

News briefs from the previous week.

T

he Fort Worth Club has reached an agreement to sell its off-site downtown parking lot to Anthracite Realty Partners LLC
for an undisclosed amount.
Anthracite, a Fort Worth-based real
estate development firm, said the sale is subject to
a 60-day due diligence review that is expected to be
complete by the end of June.
The Fort Worth Club uses the property, at Sixth and
Lamar streets, for overflow parking for club members,
tenants, guests and the public.
The club bought the property from the Fort Worth
Star-Telegram in 2008. 
Anthracite owner Greg Bird said the intent of the
review is to explore options to develop a Class A multiuse office building to serve as headquarters for Jetta
Operating Co. Inc., a Fort Worth-based privately held
oil and gas company of which Bird is president.

WEEK INREVIEW
Jetta has been a Fort Worth Club tenant since 1991.
The multiuse office building would include retail
space and a parking garage that the Fort Worth Club
would use for its members, guests and tenants. Anthracite has retained Bennett Benner Partners, a Fort
Worth-based multidisciplinary design firm, to manage the due diligence review and the initial planning
and programming of the building.
“Fort Worth has always been Jetta’s home, and we
are delighted about the potential of this new downtown Fort Worth development,” Bird said in a news
release.
The Fort Worth Club, founded in 1885, is a member-owned social, business and athletic club. It owns
the 12-story and 14-story office buildings at 306
W. Seventh St., which includes a 300-space parking
garage. The club is located on the upper floors of the
two buildings.
– A. Lee Graham

Bell Helicopter to cut 325 employees
in union and management
Bell Helicopter is cutting 325 workers, primarily in
its Fort Worth facilities, the company announced on
May 5.
The layoffs will include management and nonmanagement employees who are both union-represented and non-unionized, according to Bell officials.
“The realities of Bell Helicopter’s business continue
to change. The reductions in U.S. defense budgets
are real and sequestration has made the future for
defense spending more uncertain than ever. As anticipated, the V-22 Multi-Year II contract reduces the
build rate on Bell Helicopter’s biggest program by
nearly half, which will negatively affect the level of
work in our Fort Worth manufacturing centers,” the
company said in a statement.
Bell, a division of Textron Inc. based in Providence,
See In Review u next page