All renderings by Michael Hsu Office of Architecture, courtesy of FW Westside RE Investors, LLC
A joint project of Larkspur Capital and the local investment firm Keystone Group is gearing up to deliver a new $1.7 billion mixed-use development just west of downtown Fort Worth.
Courtesy of a public-private partnership with the City of Fort Worth, the project will break ground later this year on a 37-acre site that will eventually house an assortment of hospitality, office, residential, and retail properties. The first of four phases of construction will yield two mixed-use buildings with a shared parking structure. “Westside Village,” as it’s been dubbed, is expected to be fully complete by 2035.
Last week, the Fort Worth City Council approved up to $80 million in performance-based grants. Officials also plan on establishing a new tax increment financing district that will help support Westside Village with more than $40 million in road, utility, and streetscaping improvements, according to Fort Worth Magazine.
“The Westside project is a bold and visionary investment to transform an underutilized area of our central business district,” said Council Member Elizabeth Beck (District 9), according to a press release. “Beyond creating new retail and office space, it represents a strong public-private partnership with the city to address long-standing flooding challenges and improve quality of life for nearby residents.”
Master plan design is being headed up by Austin-based Michael Hsu Office of Architecture, which will seek to deliver a walkable environment with a variety of amenities, such as public plazas, courtyards, and paseos. There will also be some connectivity to the Upper West Fork trail system.
The firm’s namesake and principal, Michael Hsu, said the project will amplify Fort Worth’s spirit and character, per the press release.
“Inspired by the city’s heritage and the best walkable districts worldwide, this new neighborhood will be a model of timeless design and forward-thinking urbanism,” he said.
The new community will be located at the northeast corner of North University Drive and White Settlement Road just below the West Fork of the Trinity River and less than 2 miles from the city core. Previous occupants of the site include the luxury car dealer Autobahn and the former Fort Worth ISD headquarters.
“Our collaboration with the city underscores a shared vision for long-term growth, community connection, and sustainable, next-generation urban design,” said Larkspur Capital president Carl Anderson. “This project will not only redefine this part of Fort Worth but also reinforce the city’s reputation for charm, culture, and commerce.”
Stakeholders hope the development will realize a significant economic impact through expanded sales tax revenues and job creation, revitalizing a reportedly underutilized part of town and delivering more housing for a growing population that recently surpassed 1 million people.