Real estate advisory firm Citadel Partners recently announced that it’s marketing a significant development opportunity in the heart of downtown Fort Worth, Texas. Located at the southeast corner of Calhoun Street and Seventh Street and spanning an entire city block, the vacant lot totals nearly one full acre of (potentially) commercial real estate in Fort Worth. Its appeal is largely due to its proximity to several projects that are transforming the central business district (CBD).
“This is a huge development opportunity in the heart of downtown,” said Breck Besserer, senior advisor at Citadel Partners. “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 Research Campus; adjacent to the $701 million expansion of the Fort Worth Convention Center; and just one block from the Fort Worth Central Station/Trinity Metro.”
Convenient access to and from this potential development location is also ensured with direct access to Interstate 30 and Interstate 35 West. What’s more, the site is within walking distance of the Omni Hotel’s $217 million renovation and newly delivered 27-story multifamily tower, Deco 969.
In addition to this being a rare, full-city-block opportunity in the heart of a central business district, the property zoning also carries no height restrictions, which means that it can be suitable for high-density residential, hospitality, office, or mixed-use development.
“These developments signal a wave of growth, investment, and energy that is redefining the area,” said Cullen Donohue, market leader at Citadel Partners. “The east side of downtown Fort Worth is transforming into one of the city’s most exciting and desirable areas. Between the major institutional investment, improved street circulation with the straightening of Commerce Street, access to public transit, and continued demand for walkable urban neighborhoods, this site checks every box for a developer looking to be part of Fort Worth’s next chapter.”
“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,” said Robert Allen, president and CEO of the Fort Worth Economic Development Partnership. “As the 11th-largest city in the U.S. — together with Dallas, part of the only U.S. metro with two cities that each have 1 million residents — our momentum is undeniable.”
