H-E-B has quietly picked up another roughly five-acre parcel next to land it already owns along East Bonds Ranch Road at U.S. 287 in far north Fort Worth, cranking up fresh speculation that the Texas grocer might finally move closer to the Bonds Ranch corridor. The tract is within sight of a new retail center and in the midst of a surge of mixed-use and apartment projects that have reshaped highway traffic. The purchase was first reported yesterday.
Deeds filed with the Tarrant County clerk show H-E-B bought the five-acre tract and, through an agreement with a mineral-rights lessee, assumed control of the surface rights. That pushes H-E-B’s holdings in the immediate area to about 22 acres at the southeastern corner of East Bonds Ranch Road and U.S. 287, according to the Fort Worth Star-Telegram.
Site sits across from a new Kroger Marketplace
The new parcel sits across from Bonds Ranch Marketplace, which is anchored by a roughly 123,000-square-foot Kroger Marketplace that opened late last year and that local developers say has already changed traffic patterns along Bonds Ranch Road. As reported by Community Impact, the Kroger store brought a full-service marketplace format to the area, fueling interest from other grocers and retailers along the corridor.
Neighboring projects piling up
The site is surrounded by a wave of development, including Copper Ranch, a roughly $250 million, 40-acre mixed-use project at 311 East Bonds Ranch Road that is slated to add hundreds of apartments, retail space and an early-childhood learning campus. Developers and real-estate outlets say crews are already working on the project, per ConnectCRE.
H-E-B’s playbook: buy, wait, build
H-E-B has been steadily banking land across North Texas as it pushes beyond its traditional Central Texas stronghold, including a recent purchase of more than 600 acres for a supply-chain campus north of the Metroplex. That pattern (buy parcels, let roads and rooftops catch up, then build) helps explain why local developers and real-estate watchers see new deed filings as a possible first step toward a store, according to reporting by the Houston Chronicle…