Mid City Times

City Council has unanimously approved a resolution to award $1,340,000 in Brownfields Revolving Loan Fund (RLF) funding to 115 W. 7th LLC through the City's Brownfield RLF Program.

“It is a passion of mine and 3L’s to revitalize properties like this project in downtowns all over the country. We are thrilled to be a part of this city and the downtown neighborhood, and all the exciting developments happening around us,” said Joseph Slezak of 3L Real Estate, in partnership with 115 W. 7th LLC.

The loan will be used to abate asbestos-containing building materials in order to convert the 16-story building into 330 studio, one- and two-bedroom apartments. Originally constructed in 1952, the building initially served as the Fort Worth National Bank building and was most recently occupied by Oncor.

With RLF grant funding from the U.S. EPA, the City of Fort Worth Brownfield RLF Program provides low-interest loan funds for redevelopment. These funds can be used to assess or remediate contamination that may hinder property reuse. Through loan repayment and potential future EPA funding, the City’s Environmental Services Department aims to sustain funding for brownfield properties requiring cleanup and other environmental investigations.

“Supporting reuse and redevelopment is foundational to the Brownfields Program,” said Cody Whittenburg, environmental services director for the City of Fort Worth. “Our team is happy to see this project advancing Fort Worth’s downtown and our community.”

For more information about the City of Fort Worth Brownfields Program, contact Brownfields Program Coordinator Daniel Miracle at 817-713-1703 or visit their website.