IPS Packaging and Automation TI in Fort Worth, TX

Speedway C, filed with the Texas Department of Licensing and Regulatory Affairs (TDLR) as IPS Packaging and Automation TI, is a new construction project located at 16200 Three Wide Drive, Suite 150, in Fort Worth. The project encompasses 66,960 square feet of new office and dock equipment space, representing a significant addition to the commercial landscape in Tarrant County. IDI Logistics is the owner of record for this development, which was privately funded on private land for private use.

The design firm of record is Macgregor Associates Architects, which was responsible for the planning of this facility. The estimated cost for the project was $750,000, translating to $11 per square foot. This figure is below the county median of $120 per square foot for similar new construction filings in Tarrant County. The scheduled build window for the project was 105 days, which is shorter than the county median of 214 days for comparable developments.

Project Status and Timeline

Construction on the Speedway C project began in April 2022, following its registration with TDLR in March 2022. The filing indicated a completion date of July 2022. TDLR closed the project file in July 2022, which marks the end of the accessibility review process for this construction. This status confirms that the regulatory review phase for the accessibility requirements of the new office and dock equipment has been concluded.

IDI Logistics has six other TDLR-registered projects totaling $32,550,000, including facilities in Dallas, Lewisville, and Round Rock. Macgregor Associates Architects has designed six other projects totaling $71,625,000, with locations in Houston, Wilmer, Forest Hill, and Denton.

In the surrounding area, other registered projects include Csj: 0718-01-077, Taco Bell, 35 Eagle Phase IV B2, and HWY 114 & Wolff Crossing, all of which are new construction or renovation projects. The ZIP code 76177, where this project is located, has a population of about 24,141 and a median household income of $103,990, according to U.S. Census American Community Survey 2023 five-year estimates. The median owner-occupied home value in this area is $349,400, with an even mix of owner- and renter-occupied housing units.