Is a Skyscraper in Downtown Fort Worth in the Works? – Insights from Bob on Business

Deco 969, a 27-story, 302-unit skyscraper located at 969 Commerce Street, recently held a roofing ceremony and is preparing to welcome its first residents early next year. Southern Land, the Nashville-based company behind Deco 969, says downtown Fort Worth is very attractive for residential development at this time, and even if they haven’t yet found a suitable site for another development, they are excited about bringing more luxury living options to the heart of downtown.

Developments such as Texas A&M’s Fort Worth expansion have increased interest in quality downtown housing options. The company has also seen a growing interest from future residents for the Deco 969 project. As of the end of 2022, Downtown Fort Worth has 3,679 apartments under construction or in various stages of the planning process, according to the Downtown Fort Worth Company. There are plans for 205 senior living spaces in the Public Market building at 1400 Henderson Street. Other projects are also taking shape, including Bluelofts, who plans to convert the Oil and Gas Building and 19-story Star Telegram building into luxury apartments with retail outlets on the ground floor.

In addition to new developments, existing properties are also being leased. For instance, LanCarte Commercial announced that it has signed multiple leases totaling 19,745 square feet at Westcliffe Shopping Center in southwestern Fort Worth. New tenants include Cowtown, Fort Worth Dance Academy, Organized Nest, and Specialist Jewelry Clinic, which provide various services from dance classes to professional home organizing.

Furthermore, real estate deals such as LevSteel and Sweet and Sassy Franchising LLC leasing out flex space in Hearst’s Assured Business Park helps to increase commercial activities in the area. Another commercial lease involves Home Trendsetters LLC leasing 1,500 sq. ft. of flex space in Division Street, Arlington.

Finally, a global real estate fund managed by Macquarie Asset Management acquired Bardin Green, a 285-unit garden-style multifamily home in Arlington, from Moody National Companies in an off-market transaction. This acquisition increases Magma Equities’ Dallas-Fort Worth Area Multifamily Holdings to nearly 4,000 units.

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