Foundry district
Foundry District has found a new owner.
Its original founders, M2G Ventures, announced late last week that it has sold the mixed-use development in Fort Worth's Cultural District to the North Carolina-based investment firm Asana Partners.
M2G Ventures co-founders and twin sisters Jessica Miller and Susan Gruppi developed the 98,000-square-foot property at 200 Carroll Street — made up of mostly abandoned warehouses — over several years beginning in 2015. The one-of-a-kind development now offers restaurants, breweries, art galleries and Inspiration Alley, one of the only permanent outdoor art galleries in Texas.
The buying investment firm has already acquired dozens of notable properties in North Texas, including 43 buildings in Dallas' Deep Ellum district, the Hill shopping center in North Dallas, and 400,000 square feet of commercial property in Victory Park, The Dallas Morning News reported.
“Asana Partners’ track record of investing in experiential destinations like The Foundry District makes them the ideal ownership group for this property,” Gruppi of M2G Ventures said in a statement. “They share the vision we have for what had been an underutilized industrial pocket that is now a part of Fort Worth’s foundational culture."
