PROJECT SPYDER

Scannell Properties completed a new 301,150 sq ft warehouse facility at 2677 Petty Place at Victory Circle West in Fort Worth. The project, filed with the Texas Department of Licensing and Regulation under the name Project Spyder, included office and training space within the structure. The estimated cost for this new construction was $6,300,000.

The facility is located in Tarrant County, specifically within ZIP code 76177. According to U.S. Census Bureau American Community Survey five-year estimates for this area, the population is approximately 24,141, and the median household income is $103,990.

Powers Brown Architecture served as the design firm of record for this build. The registered accessibility specialist was Ernest G Taylor. The project was privately funded on private land for private use. TDLR closed the project file in January 2025, which marks the end of the accessibility review process for this construction. The scheduled build window was 184 days, a duration close to the Tarrant County median of 214 days for similar new construction filings.

Project Scale and Cost

With an estimated cost of $6,300,000, this project sits in the top quarter of estimated costs among 8,787 new construction filings in Tarrant County. The median estimated cost for these filings is $800,000. However, the cost per square foot for this project was $21, which is below the county median of $120 per square foot. This efficiency in cost per unit area is notable given the substantial size of the warehouse.

Context and Records

Scannell Properties has six other TDLR-registered projects totaling $45,250,000, including facilities in Laredo and Fort Worth. Powers Brown Architecture has six other registered projects totaling $29,198,313, with locations in Leander, Baytown, and Houston. City of Fort Worth permit records show 22 permits on file at this specific street address, issued between February 2025 and December 2025. These permits include commercial accessory structures, electrical, plumbing, and mechanical work, with declared valuations totaling $9,074,994. Third-party reports, such as a post by Scannell Properties on LinkedIn, described the facility as a cold-storage facility for an international food supplier, though the TDLR filing specifically lists it as a warehouse with office and training space.