The property is located east of I-35W, north of Basswood Boulevard, south of Thompson Road and west of Riverside Drive.
Travis Clegg, a principal with Peloton Land Solutions, told the council at its Aug. 9 meeting that development at the site has been a long time coming.
“In the past 20 years I’ve worked on this project and looked at it for different developers ... nothing has stuck,” Clegg said.
Peloton Land Solutions was contracted to work on the project after a request for proposals was issued about a year ago, he said.
The city lists the property owner as Basswoods35 Land LLC.
The proposal changes the zoning at the site to planned development “in order to have flexibility of uses moving forward,” according to a staff memo on the project.
Clegg said the project is still in the planning stages as officials look to provide a regional approach to amenities in the area.
“We’re seeking your approval tonight so we can continue working on the site plan and to move this exciting development to the next stages,” he said.
The city of Fort Worth has been looking into a potential partnership with Keller ISD and Neltex Sports Group LLC on an outdoor stadium with surrounding tournament fields on part of that land. Neltex owns franchises for professional men's and women's soccer teams from the United Soccer League, according to city documents.
“Tract 3 is currently under negotiation with the city of Fort Worth," according to the staff memo. "The intent is for the city to purchase a portion and develop [something], such as a stadium. The proposed uses would allow for flexibility in this case should the city not make the purchase.”
