A project featuring a high-end restaurant with office space at 162 W. Rosedale St. that could act as a bridge between the Near Southside and growing South Main area could break ground next year.
Fort Worth-based Oxley Architects is developing the design concept and construction documents while Oxley Development Partners is the developer for the project, according to Andrew Oxley, principal at Oxley Architects.
“We’re currently working with neighborhood stakeholders to make sure our development maximizes the opportunity we have,” he said in an email. “We want to build something that brings both short- and long-term benefit to the area, so our construction timeline will be aligned with that goal.”
Oxley said the firm is committed to contributing to Fort Worth’s character and future by focusing their development efforts in downtown and Near Southside now and long term.
The Rosedale project was enticing because it represents a gateway from I-35, he said. It will “be a catalyst for other adjacent developments to connect the redevelopment happening on South Main and the redevelopment on the west side of Rosedale.
The firm is seeking a high-end restaurant on the street level with the upper levels intended for office users.
“We expect innovative medical/R&D uses to find this location especially attractive with the surrounding hospitals in the medical district and new TCU Medical School,” he said.
The cost of the project is estimated from $4 million to $16 million, depending on the final design, Oxley said.
Oxley has worked on several area projects, including the adaptive reuse of an historic building in downtown Fort Worth at 911 Houston St., just south of Sundance Square.
High-tech hotel, convention center in Mansfield
A high-tech hotel, a convention center and a stadium are components of a planned mixed-use district in Mansfield.
House of Tangram, a hotel development company, acquired 30 acres within the 100-acre, $2.5 billion Staybolt Street Entertainment District along 360 Toll in Mansfield. That district will be anchored by a 7,000-seat sports stadium that will host the North Texas Soccer Club, a professional soccer team owned by the Hunt family.
House of Tangram is developing the 288-room Carbon Mansfield as well as a dual-branded hotel concept called Cache Legitimate & Kubo for the project. Carbon, according to the company, will use biometrics, basically body measurements and calculations, and climate systems that adapt to each guest. Cache Legitimate & Kubo will feature robotic bartenders, drone delivery and immersive media walls, according to the company.
The more-than-33,000-square-foot Mansfield Convention Center is designed with programmable space for esports, medtech and high-performance events. It will be owned by the city of Mansfield but built and operated by Carbon Mansfield.
The project will break ground next summer with a targeted completion of mid-2028. At completion, the development will include 750 hotel rooms, more than 700 multifamily units, 50,000 square feet of medical office space and over 100,000 square feet of retail and restaurant space. The Beck Group serves as the development manager and as one of the general contractors.
Fort Capital acquired
Dallas-based S2 Capital, a vertically integrated real estate investment manager, has acquired Fort Capital, a Fort Worth-based industrial real estate owner and operator.
The acquisition marks a significant milestone in S2’s continued growth of its investment platform with a new, wholly owned industrial vertical comprising 11 million square feet and a 50-person investment team.
S2 hired industry veterans Chris Roach and Parker McCormack to lead the new investment vertical as president and CIO of the industrial platform alongside S2’s founder and CEO, Scott Everett. The platform will focus on acquiring and managing value-add and core-plus industrial assets in high-growth markets across the United States, with an emphasis on shallow-bay infill industrial.
Founded in 2010, Fort Capital currently owns and manages over 11 million square feet of assets.
“The sale to S2 is an exciting next step for Fort and our investors,” said Chris Powers, founder of Fort Companies. “We’ve always prided ourselves on being entrepreneurial, strategic, and forward-thinking — and those values are deeply aligned with S2’s approach. This partnership supercharges what both platforms can accomplish.”
The combined industrial platform now manages and operates over 11 million square feet with an active pipeline of over $350 million in targeted acquisitions. The transaction is expected to close on Aug. 11.
Investing in ‘FTW’
A Fort Worth-based oil and gas operator that focuses on mature, producing oil and natural gas producing assets in the United States and EQV Ventures Corp., a special purpose acquisition company, have entered into a definitive business combination agreement.
Under the agreement, Presidio Investment Holdings would become a publicly listed company on the New York Stock Exchange under the “FTW” ticker symbol, “reflecting Presidio’s roots in Fort Worth, Texas, where it is headquartered,” company officials said.
Texas Health expanding in southwest Fort Worth
Texas Health Harris Methodist Hospital Southwest Fort Worth announced a $223 million expansion with a new five-story patient tower with shell space to accommodate future growth and additional campus renovations. Two patient floors, which will add 64 beds, are expected to open in 2028.
The hospital improvements will include the modernization of six original operating rooms.
“Southwest Fort Worth and the surrounding communities of Benbrook, Crowley, Aledo and Granbury have grown by leaps and bounds since Texas Health Southwest first opened our doors in 1987,” said Ajith Pai, president of Texas Health Southwest. “Texas Health is committed to keeping pace with their growing healthcare needs.”
Do you have something for the Bob on Business column? Email Bob Francis, business editor for the Fort Worth Report, at bob.francis@fortworthreport.org.
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