W
orthington Bank has made a significant move towards expanding its operations by announcing its plans to construct an eight-story office building at the corner of Interstate 30 and Walsh Ranch Parkway in far west Fort Worth. The bank has chosen this location due to its strategic location and potential for growth, given the increasing number of residents commuting from suburbs to downtown Fort Worth. The project is expected to cost $55 million, or $572 per square foot, and will take approximately three years to complete.

    Despite only occupying two floors of the 96,000-square-foot building, there has been strong interest from potential tenants for the remaining space. This includes two floors for a law firm, a top floor for a restaurant, and space for several title companies. Although no leases have been signed yet, letters of intent are reportedly in place. The leasing efforts are being managed by Holt Lunsford Commercial's Vic Meyer and Jake Neal.

    The University of Texas at Arlington's planned 51-acre campus, UTA West, presents a strategic advantage for this project as it could potentially host up to 12,000 students once fully developed. This increased demand for commercial activity in the area could significantly boost the local economy.

    The community is taking shape on land previously owned by the Walsh family ranch. A 40,000-square-foot Cook Children's location has already been developed there, along with some apartments. The developer of this project, the Walsh Companies, is led by CEO Ryan Dickerson.

    Worthington Bank's current headquarters is located in downtown Fort Worth's Sundance Square, at 500 Main Street, which was constructed in 1914. The new building will serve as the bank's primary base, while they will maintain their downtown presence.