A nearly $60 million mixed-used project is being proposed for a 2-acre tract on Vickery Boulevard that could include a community garden with a grand staircase on South Main Street and 250 apartments.
The recommendations were made Tuesday night at a meeting organized to hear what a panel of architects and other development experts came up with during a two-day workshop. The group looked at the site that is now a parking lot for the T&P Station on the near south side.
The land is owned by the Fort Worth Transportation Authority, but it is looking to partner with the Fort Worth Housing Authority on a development project.
Donald Gatzke, dean of the University of Texas at Arlington’s architecture school, called the project “complicated and rather large.”
Proposed was a U-shaped, 10-story building of 250 apartments on top of a parking garage for more than 600 cars. The apartments would average 850 square feet, with about 80 percent of them renting for about $1,000 a month.
The project would also have space for street-level offices, shops and restaurants. The project would involve designing a mostly pedestrian walkway from Vickery Boulevard along Galveston Avenue and connect to the pedestrian tunnel to the T&P train station and on to downtown Fort Worth.
Ramon Guajardo, a Housing Authority consultant, said the agency will likely conduct a year-long due diligence on the project. If approved, construction could take another two years.
The proposed project has a $15 million funding gap, and sources for that money would need to be found first, he said.
The property is just to the south of the T&P Lofts, west of Main Street.