Just in the past year, Fort Worth has grown immensely with new developments popping up in the Fort Worth skyline from office buildings to new retail spots. The most notable changesDevelopers Investing Fort Worth can be seen in Sundance Square and the redevelopment of One City Place. Fort Worth is a city that has always been compared to Dallas, but is now making its own unique mark and is enviable, attracting developers to the area.
There is plenty of space and opportunity in Fort Worth that many developers are catching on to. The market is healthy in the area and there is new construction cranes going up every day almost. As Fort Worth grows, the real estate market has tightened due to industries such as the retail surging.
Fort Worth is part of the larger North Texas region and shares in Dallas’ positive job growth and has also been a large economic indicator of jobs on the west side of the Dallas/Fort Worth International Airport.
Fort Worth Expansion
Unlike Dallas, Fort Worth has embraced the Trinity River and built apartments, concert venues and running trails along the banks. The River District is one of the newest developments in Fort Worth and will be completed in 2017. The mixed-use development will cover 276 acres of neglected landscape in Ft. Worth and will be an upscale residential and commercial opportunity designed to enrich Fort Worth’s west side.
Why did developers choose Fort Worth for this venture? The community.
Developers see an investment in a city breathing life into its natural geography. Currently, Fort Worth has a great restaurant scene, but the spots are scattered throughout the city. The River District will bring eclectic restaurants together in a beautiful environment along the river. One of the most unique aspects of this development is that it is a natural peninsula formed by a river, so it is designed to be a close community for the people of Fort Worth.
In addition to the River District, Crystal Springs on the River will include an amphitheater for live music, a shopping district, restaurants and access to the river.
“Fort Worth doesn’t need just another build project,” Chris Powers, CEO of Fort Capital and one of the River District developers told the Dallas Observer. Fort Worth needs more neighborhoods surrounding the river, more social spots, more unique restaurants and businesses and more walkable areas in our city, he said.
An Exciting Destination
Fort Worth continues to gain momentum in becoming an all-encompassing destination and these new developments are proof that this vision is progressing quickly. Developers see Fort Worth as a community worth investing in due to the need and demand for new multifamily housing, new restaurants, entertainment and more office space as companies open new offices to establish a presence in Fort Worth.
As the population continues to increase in Fort Worth, due to the increased transportation systems in place for those that live in Fort Worth but commute to Dallas, the demand for new development will continue to increase. Fort Worth will soon no longer be a subsidiary to Dallas, but its own economic and business hub that will complement the region in its entirety.
Developers are keeping their eye on Fort Worth as construction continues and more people seek Fort Worth out as their new home. The market in Fort Worth is projected to remain stable and strong as high-profile buildings trade in the Fort Worth urban core and pricing moves up with limited new supply, net absorption, rent growth and occupancy metrics. The next big development progress Fort Worth is expected to experience is in the multifamily sector as a strong interest continues to ensue in the area. Fort Worth is moving up on buyer radars and developers are certainly aware of this.
Moving to Fort Worth
Want to make Dallas-Fort Worth your new home? If you are ready to check out some of Dallas-Fort Worth’s best homes, we are ready to explore with you to make sure you find the home that will fit all of your needs. There are plenty of neighborhoods in both Dallas and Fort Worth to choose from in areas across the region.
Whether you are looking to live in an upscale apartment in Downtown Dallas or you want to nestle into the suburbs in Fort Worth, we have the resources to find exactly what you are looking for. Contact one of our experienced real estate agents at TexasLiving.com.