Fort Worth Business

A downtown Fort Worth block is for sale: ‘This is more than just a piece of land’

A full city block in a fast-growing corridor of downtown Fort Worth is up for sale.

Located at the southeast corner of Calhoun and 7th streets, the property’s current zoning has no height restrictions, meaning a high-density development with a range of uses could be built there.

No list price was included in the announcement by real estate advisors Citadel Partners, but the 0.918-acre property is valued at roughly $2.8 million by the Tarrant Appraisal District.

“This is more than just a piece of land, it’s a front-row seat to the future of Fort Worth,” said Breck Besserer, senior advisor at Citadel Partners, which has offices in Fort Worth and Dallas. “With the [Central Business District] growing in this direction, this site is ideally positioned for a high-impact, legacy development.”

Recent development in the area includes Deco 969, downtown’s first luxury high-rise apartment building, and the Le Méridien Fort Worth hotel.

Hillwood, the developer of AllianceTexas in north Fort Worth, owns the block across 7th Street from the site; the company has not announced plans to develop it. Apartments are slated to be built down the road at 1000 Jones St.

The property is down the street from Texas A&M’s new Fort Worth campus, expected to open in 2026, and the under-renovation Fort Worth Convention Center. It’s also near Fort Worth Central Station, a transportation hub connecting Trinity Metro’s bus lines to the Amtrak, TexRail and TRE trains, which connect riders to Dallas-Fort Worth International Airport and downtown Dallas.

The city’s growth is expected to fuel additional development in downtown Fort Worth.

“As the 11th largest city in the US – and together with Dallas, part of the only U.S. metro with two cities that each have one million residents – our momentum is undeniable,” said Robert Allen, president and CEO of the Fort Worth Economic Development Partnership.

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Kate Marijolovic
Fort Worth Star-Telegram
Kate Marijolovic covered North Texas business and economic development at the Fort Worth Star-Telegram.
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