A joint project of Larkspur Capital and the local investment firm Keystone Group is gearing up to deliver a new $1.7 billion mixed-use development just west of downtown Fort Worth.
Courtesy of a public-private partnership with the City of Fort Worth, the project will break ground later this year on a 37-acre site that will eventually house an assortment of hospitality, office, residential, and retail properties. The first of four phases of construction will yield two mixed-use buildings with a shared parking structure. “Westside Village,” as it’s been dubbed, is expected to be fully complete by 2035.
Last week, the Fort Worth City Council approved up to $80 million in performance-based grants. Officials also plan on establishing a new tax increment financing district that will help support Westside Village with more than $40 million in road, utility, and streetscaping improvements, according to Fort Worth Magazine.
“The Westside project is a bold and visionary investment to transform an underutilized area of our central business district,” said Council Member Elizabeth Beck (District 9), according to a press release. “Beyond creating new retail and office space, it represents a strong public-private partnership with the city to address long-standing flooding challenges and improve quality of life for nearby residents.”
Master plan design is being headed up by Austin-based Michael Hsu Office of Architecture, which will seek to deliver a walkable environment with a variety of amenities, such as public plazas, courtyards, and paseos. There will also be some connectivity to the Upper West Fork trail system…