FW Developers Planning 1.7M-SF Downtown Mixed-Use Project

FW Developers Planning 1.7M-SF Downtown Mixed-Use Project
News| June 18, 2025| Mike Boyd
Texas + Apartment Buildings

The Fort Worth City Council listened to a pitch from developers interested in constructing a transformative mixed-use project at the former site of the Fort Worth ISD administrative office and a car lot. Larkspur Capital and the Keystone Group hope to bring 880,000 square feet of office space, 238,000 square feet of new retail, a 175-room hotel and nearly 1,800 apartments to the area by 2035. 

As a result of the presentation, the town has proposed a $125 million incentive package for Westside Village, a project developers say would be built in four stages over 10 years from 2025 to 2035. The Fort Worth Report added that the incentive package would help pay for flood control, infrastructure and streetscape improvements. 

Fort Worth ISD sold the building in 2020 for $4.96 million and relocated to a site farther west, at 7060 Camp Bowie Blvd. The auto dealer, Autobahn, also sold its lot to move to a different location.

Other News

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more

Revere, MA Weighs 1,700-Unit Housing Project

Boston & New England + Apartment Buildings

The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up