A full city block in an area of downtown currently undergoing a vibrant transformation hit the market this summer.
Citadel Partners is offering the block, about 0.918 acres, in the Central Business District, or CBD, at the southeast corner of Calhoun Street and Seventh Street.
“This is a huge development opportunity in the heart of downtown,” said Breck Besserer, Citadel Partners senior adviser. “Seventh Street is the major east/west corridor connecting the CBD to the Cultural District.”
It is just two blocks from the new Texas A&M Law and Education and Research and Innovation buildings, adjacent to the $701 million expansion of the Fort Worth Convention Center and just one block from the Fort Worth Central Station/Trinity Metro.”
In addition to Besserer, the land is marketed by Citadel Partners’ Cullen Donohue, market leader, and Andy Goldston, partner. This site provides a rare, full city block at the forefront of downtown Fort Worth’s CBD.
The land’s zoning has no height restrictions, meaning it is ideally suited for high-density residential, hospitality, office or mixed-use development, Besserer said.
“This is more than just a piece of land. It’s a front-row seat to the future of Fort Worth,” he said. “With the CBD growing in this direction, this site is ideally positioned for a high-impact, legacy development.”
The parcel’s location offers walkability to some of the city’s most transformative developments, including the Omni Hotel’s $217 million renovation and Deco 969, the recently opened 27-story multifamily tower.
The seller is Georgian Holdings of Austin, according to the Tarrant Appraisal District. Georgian Holdings also owns the Binyon-O’Keefe Storage Co. building at 210 E. Seventh St., just west of the block being offered for sale. Georgian Holdings and Austin-based Saigebrook Development are converting the former XTO Energy office property into a mixed-income senior community set to open next year.
Downtown’s east side is transforming into one of the city’s most exciting and desirable areas with the major investments, improvements to nearby Commerce Street and increased walkability,” Donohue said.
“This site checks every box for a developer looking to be part of Fort Worth’s next chapter,” he said.
The development and redevelopment of the east side of downtown reflects the city’s strong economic growth, said Robert Allen, president and CEO of the Fort Worth Economic Development Partnership.
“Fort Worth crossing the threshold of 1 million residents this year reflects the city’s rising economic growth and momentum and reinforces the importance of strategic development that fuels a more vibrant, connected and competitive downtown,” he said.
The Citadel Partners’ property is near another empty parcel of land, one bounded by Sixth and Seventh streets to the north and south and Calhoun and Jones streets to the east and west that Hillwood purchased in October 2023. Hillwood officials have not decided on future plans for the property.
Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org.
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