1. For Immediate Release Contact: Randa McMinn
214-561-6007
randa.mcminn@cypressequities.com
CYPRESS EQUITIES SECURES NEARLY $14.5 MILLION FOR PHASE III
OF WEST 7THDEVELOPMENT
DALLAS(November 29, 2011) – Cypress Equities companies*(“Cypress”) today announced that it has
closed on a loan related toWest 7th, a mixed-use development in Fort Worth.
OmniAmerican Bank, in participation with Southwest Bank, has provided the owner, CRP Cypress West
7th, LLC (a Cypress Equities company), with a $14,499,000 construction loan facility for the project’s
third phase. The loan is intended to develop approximately 32,000 square feet of retail and restaurant
space, plus 96 multifamily units on the southeast corner of West 7th Street and University Drive North.
The floating-rate loan has an initial term of three years.
Having opened in 2009, West 7thpresently features 254,107 square feet of ground-floor restaurant,
entertainment and retail space with tenants including LA Fitness, Movie Tavern and Lucky Strike; a
103,220-square-foot Class A office building; and 441 multi-housing units. Throughout the last few
months, West 7th has announced significant additions in an ever-growing roster of merchants joining the
property’s retail lineup, including Bar Louie, Sweet Tomatoes, The Boardroom Salon for Men, Keena’s
of Fort Worth, Peruvian Atelier and Wink, a threading salon.
“Our team is excited to have the opportunity to expand West 7th through the financial backing of
OmniAmerican Bank and Southwest Bank,” states Chris Maguire, CEO of Cypress Equities. “This new
funding will allow us to build the third and final phase of our vibrant mixed-use development that is the
gateway to Fort Worth’s world-renowned Cultural District.”
About Cypress Equities
Founded in 1995, Cypress Equities companies* have offices in Dallas, Atlanta, San Francisco, New York
and Fort Lauderdale. Today, Cypress Equities companies are developing and/or managing approximately
10 million square feet in projects throughout the U.S. and Caribbean, consisting of community and power
centers, as well as vertically integrated mixed-use villages that incorporate retail, residential, hotel and
offices. Visit www.cypressequities.com for more information.
*The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent
operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of
the specific entity that incurs such obligation or supplies such service or product.
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