A 50-year-old Fort Worth shopping mall that recently lost one of its last anchor tenants will be redeveloped into a logistics hub by its new owner, a Dallas-based investment firm.
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Ramrock partnered with KBC Advisors and Lincoln Property Co. to assist with planning, leasing and development of the logistics campus that will feature six Class-A buildings at the northeast corner of Interstate 30 and State Highway 183.
"Ridgmar Logistics Crossing represents an exceptional opportunity to deliver institutional-quality logistics space in one of Fort Worth's most strategic locations,” Lincoln Property Co. Executive Vice President of Industrial Tom Kuhlmann said in a statement.
JCPenney announced plans last month to close its store at Ridgmar Mall on Nov. 1. It was not revealed when the mall’s remaining shops, which include a Dillard’s outlet and a movie theater, will close.
Ramrock and its partners spent more than two years working with city and county officials to evaluate redevelopment options for the site. Local officials expressed support for the project's potential to create jobs and contribute to the area's long-term economic development goals.
Due to its proximity to the Naval Air Station Joint Reserve Base Fort Worth, building height restrictions have made redevelopment of the property difficult, Fort Worth City Council Member Michael Crain said. He told the Fort Worth Report that Ramrock’s planned logistics campus is the kind of forward-looking transformation that will define the area’s future.
The project will add to Fort Worth's logistics corridor, which has garnered a lot of investor attention and helped propel North Texas to the No. 3 slot in Marcus & Millichap's 2026 National Industrial Index earlier this summer.
In addition to Ridgmar Mall's redevelopment, another prominent Fort Worth site is set to see construction soon.
Delightful Development Co. and Woodbine Development Co. announced plans this week to build a $160M luxury resort on more than 3 acres in the Fort Worth Stockyards. That project will include a pair of high-end hotels with a combined 225 rooms, a curated portfolio of restaurants and around 3K SF of retail space at the northeast corner of Main and 23rd streets.
Ramrock is also working with Lincoln Property Co. as well as Willow Bridge Property Co. on the 8300 Douglas mixed-use development under construction in Dallas' Preston Center neighborhood. The project will feature a 300K SF, 12-story trophy office tower and a 17-story luxury residential tower with 147 units and around 24K SF of ground-floor retail and restaurant space.
It is scheduled for delivery in 2028.
