109 S. Carroll St. is located at the front door of The Foundry and has been owned by the current seller for over 40 years.  The site sits on 14,200 sqft. of land and the building is 7,462 sqft.  Gideon believes that The Foundry has transformed over five acres of several mid-century industrial buildings into canvases of commerce including renowned Inspiration Alley.  Though the acquisition and complete repurposing of 109 S. Carroll, Gideon will able to capitalize on The Foundry's efforts and transform this property to meld in with The Foundry experience.  With this transformation, we believe we'll be able to achieve maximum rents resulting in great returns for this project and our partners. 

The building's improvements include a new roof, new plumbing with restrooms, electrical, HVAC, store fronts and all other items necessary for tenants to easily and expeditiously obtain their CO's, allowing partners to reach the investment goals.  After completion of 109 S. Carroll, there will be five boutique spaces ranging from 2,300 sqft. to 1,323 sqft. ready for occupancy.  The fact that these spaces will be ready for occupancy will give the partnership a competitive advantage in leasing.  Tenants will save time and capital because the units will be ready for move in.  Similar competing properties in the area drive average rents that are in the #30 to $38 psf range. However, we believe these comps required tenants to invest in significant capital in their TI's that our project will not be required to provide.  This will allow us to achieve our projected rents and returns in aa most timely manner increasing lease up time and reaching our investment objectives faster.

109 Carroll St
Fort Worth, TX 76107

109 S. Carroll is a 7,460 sq ft. building at the front door of The Foundry District.  It was acquired at the end of 2022 from aa seller that had owned the property since the early 1970's and was retiring from his flooring business which he ran out of the property.  

The Foundry has transformed over five acres and several mid-century industrial buildings.  It is anchored by the renowned Inspiration Alley, named one of the "Outdoor Art Experiences" in the United States by Forbes, with over 70+ pieces of fine art to be enjoyed every day. 

This district differentiates itself from nearby traditional retail shopping centers such as Left Bank​, The Shops at So7, Crockett Row at West 7th, Montgomery Plaza and Museum Place. 109 S. Carroll will be redeveloped to capitalize on what The Foundry has started. 

In addition, the area has a vibrant residential component including new multifamily and condominium development which will allow our new tenants to thrive.