One of Fort Worth’s largest upscale shopping hubs off Chisholm Trail sells to NY developer
Fort Worth’s only Whole Foods Market has a new landlord.
The Waterside mixed-use development along Bryant Irvin Road was purchased by New York City-based developer The Georgetown Co. The company did not disclose the purchase price, but the property is valued at over $45 million, according to the Tarrant Appraisal District.
The development’s roughly 157,000 square feet of retail space is 98% leased, Georgetown said. The shopping center is also home to REI Co-op.
“This acquisition is an exciting opportunity to continue expanding our grocery-anchored retail platform and we look forward to being a part of the vibrant Southwestern Fort Worth community,” said Georgetown’s managing principal Jonathan Schmerin in a statement.
Waterside is bordered by 1.8 miles of the Trinity River. Home to restaurants, retailers, 550 multifamily units and a Residence Inn, the upscale 63-acre property opened in 2016. It was originally developed by Trademark Property Co., a Fort Worth-based firm.
Founded in 1978, Georgetown has properties in New York, Los Angeles, Chicago, Washington, Boston and Columbus, Ohio. The company’s Fort Worth purchase raised the value of its grocery-anchored retail portfolio to over $275 million.
Waterside’s sale is the most recent development in southwest Fort Worth’s shifting retail landscape. Abercrombie & Fitch is building a new store in the University Park Village, along the busy South University Drive corridor. Across the street at 1701 S. University, developer Trademark Property Co. has plans for an $81.6 million expansion of its WestBend commercial complex.
TCU could also add to the area’s growing retail scene. The university has plans to transform West Berry Street into a top destination in Fort Worth, starting with construction of new student housing and 19,800 square feet of retail space that will break ground later this year.
This story was originally published February 26, 2025 at 1:42 PM.
