Fort Worth’s Ridgmar Mall, once one of the city’s most popular shopping centers, is set to transform into a 930,960-square-foot logistics center.
The news comes as Ramrock Real Estate LLC, a Dallas-based real estate investment firm, announced the purchase of the property on Wednesday, Aug. 5, and plans to turn it into the Ridgmar 30 Logistics Crossing.
The logistics center would be a six-building development located at the northeast corner of Interstate 30 and Texas 183.
The project, according to a press release, will turn a “long-vacant mall” into an “institutional-quality logistics campus in one of North Texas’ fastest growing corridors.”
Ramrock, according to the press release, will partner with KBC Advisors and Lincoln Property Company on the project.
The press release does not specify details about when the mall would fully close. There are still some stores operating inside the mall.
The mall’s JCPenney, one of its last anchor stores, announced its planned closure in November after an employee broke the news on Facebook earlier this year.
Macy’s closed its location there in 2016 as part of a group of 40 stores that closed nationwide. Later, Sears and Neiman Marcus shuttered.
Dillard’s remains as the last large store that opened with the mall in 1976. A Cinemark movie theater is also still open at the mall.
Representatives for Ridgmar Mall, Dillard’s, and Cinemark did not immediately return a request for comment.
Ramrock Real Estate LLC, a Dallas-based real estate investment firm, announced the purchase of the Ridgmar Mall property in Fort Worth on Wednesday, Aug. 5, and plans to turn it into the Ridgmar 30 Logistics Crossing.
Developers said in the press release that additional details, including the timing of construction, will be shared as the project progresses.
“This acquisition represents the culmination of more than two years of engagement with elected officials and other community leaders to assess support for redeveloping the Ridgmar Mall site,” said Tony Creme, a partner at KBC Advisors Texas, in the release. “The feedback was overwhelmingly positive, and as a result, our collective teams are excited to partner with the City of Fort Worth and Tarrant County to revitalize this blighted site which was once a vibrant hub of social and economic activity in the community.”
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