YOUNGER PARTNERS INVESTMENTS ACQUIRES FORMER FRED’S TEXAS CAFE SITE ADJACENT TO ARTISAN CIRCLE
Fort Worth Texas
By FWTX Staff
11:37 AM on Jan 30, 2024
he Fred’s Texas Café era in the West Seventh corridor is now officially complete.
The 6,500-square-foot property at 915 Currie St., once home to the renowned carefree Fort Worth burger watering hole, has been sold to Younger Partners, the Dallas commercial real estate firm announced on Tuesday morning.
Terms of the deal were not disclosed.
The firm said that it had not decided on a specific redevelopment plan for the property.
The acquisition expands Younger Partners’ footprint in the Artisan Circle, formerly known as Crockett Row, a mixed-use urban village covering five blocks in the southeast quadrant of University Drive and West Seventh. Younger Partners investments acquired the development in August 2022 with plans to infuse millions of new capital.
“We believe in the transformative power of real estate, and with this acquisition, we are poised to bring additional positive changes that will enrich the entire community,” said Kathy Permenter, co-managing partner of Younger Partners, in a statement.
The sellers were Fred’s original owners, JD and Gari Chandler. The original Fred’s restaurant opened in 1978, but the property has been home to a series of diners and cafes since the 1940s. Quincy Wallace, the new owner and operating partner, closed this location in 2021, opening a new location on Camp Bowie the next year. Another store is located on Western Center in north Fort Worth.
Younger Partners recently unveiled a comprehensive revitalization plan for Artisan Circle, which includes enhancements such as new gathering spaces, improved wayfinding, updated signage, and enhanced accessibility.
The development extends to Foch Street on the east and Morton to the south.
“Our vision extends beyond the property lines — it’s about fostering growth, creating value, and ensuring that Artisan Circle becomes an even more integral part of the fabric of Fort Worth’s Cultural District,” Permenter said. “We are excited about the possibilities this acquisition presents for the neighborhood and look forward to playing a key role in its continued development.”
Younger Partners specializes in the acquisition and disposition of land, multifamily, office, industrial and retail properties. Younger Partners Investments is a Younger Partners platform designed to acquire retail properties. Launched in July 2020, YPI targets retail properties from lifestyle to neighborhood centers throughout Fort Worth and Dallas. Younger Partners and YPI are also affiliated with newly formed Apricus Realty Capital.