These new projects will transform Fort Worth’s Cultural District within five years
Within five years, at least half a billion dollars will be invested in Fort Worth’s Cultural District.
The west side neighborhood home to the city’s museums and Botanic Garden is also the site of multiple development projects, including three hotels, hundreds of luxury apartments and hundreds of thousands of square feet reserved for office and retail space.
This spate of new development stretches from West Seventh Street and Foch Street to the edge of Camp Bowie Boulevard.
“We’ve gone all in on West Seventh,” said Brandon Schubert, director of investments at Goldenrod Companies, which is developing two projects in the area.
“We’re working our way out” with prospective deals in other Fort Worth neighborhoods, he added.
Museum Place
John Goff’s Crescent Real Estate broke ground Sept. 20 on a $250 million development at the corner of Camp Bowie and Van Cliburn Way, across from the Kimbell Art Museum.
The development will house the Crescent Fort Worth, a 200-room luxury hotel, plus 170,000 square feet of office space, a restaurant and a 170-unit luxury apartment complex.
The office space will contain the headquarters for Crescent Real Estate, Goff Capital and wellness spa Canyon Ranch.
Previous attempts to develop the site have failed; one project would have cast a shadow on the Kimbell’s sculpture garden.
The project is slated to open by mid-2023.
Museum Place joins Crescent’s portfolio of high-end and large-scale projects across the country, including the American Airlines campus in Fort Worth and the original Crescent Hotel in Dallas.
Van Zandt project
Omaha-based developer Goldenrod Companies is in the design phase of bringing to life a development that will be at 2816 W. Seventh St.
The approximately $83 million project will feature 148 apartments, 100,000 square feet of office space and 10,000 square feet of retail space.
The developer plans to break ground in March, with completion expected in late summer of 2023.
Bowie House Hotel
Despite getting approval from Fort Worth City Council for Bowie House Hotel about a year ago, developer Jo Ellard hasn’t yet broken ground on the project.
The four-story 120-room boutique hotel will be on the 3700 block of Camp Bowie Boulevard. The concept includes a high-end restaurant and 11 townhomes.
The concept has rankled nearby Arlington Heights residents since its inception.
Residents are trying to reduce the impact of future construction on the neighborhood, specifically the iconic Camp Bowie red bricks, a neighbor explained.
1001 University
Goldenrod Companies closed on its purchase of property on University Drive between Morton and Bledsoe Streets.
The project includes plans for a hotel, apartment units, office and retail space and ground floor parking.
The property is across the street from the Kimbell Art Museum, and, as such, the design will be “something classical to stand the test of time,” said Schubert.
“What Crescent’s doing on the other side is going to be phenomenal,” he said. “Whatever we end up building there is going to go along with what’s already there and what they’re building.”
The developer plans to break ground in the beginning of 2024.
This story was originally published October 21, 2021 at 5:30 AM.
