Groups behind two Fort Worth projects totaling billions in value offered updates on their developments.
Construction has begun on the first phase of the Westside Village project, a $1.7 billion mixed-use district that covers 37 acres west of downtown.
Fort Worth icons, the Stockyards Hotel and H3, will close temporarily for $30 million in renovations.
Here’s the latest:
Westside Village
Dirt is moving on the Westside Village project.
A lot of it, said Schafer Smartt, vice president of development at Larkspur Capital.
D-FW Real Estate News
Dallas-based Larkspur is partnering with Keystone Group, a Fort Worth-based private investment firm owned by billionaire businessman and philanthropist Robert Bass, on the project.
When all is said and done, the site will hold 880,000 square feet of office space, 238,000 square feet of retail, a boutique hotel, and 1,785 apartments.
It will be the largest delivery of office product in Fort Worth over the last four decades by a single project, Smartt said.
Moss Construction began work on the project’s first phase in mid-January.
“Somebody [on site] told me that there were trucks in and out of there every 90 seconds, just full of dirt,” he said. “They’re excavating like mad men.”
The first phase will include 308 apartments and a 100,000-square-foot Class AA office building with ground-floor retail, two restaurant concepts, a private social club and a below-grade jazz club. The buildings are connected by a shared underground parking garage.
The shell of the office building is expected to finish by the summer of 2027. The apartments could be done by spring 2028, Smartt said.
The office building was designed by the Michael Hsu Office of Architecture with Corgan serving as architect of record. Corgan is also leading design on the apartments. GGN will handle landscape architecture.
HPI’s Fort Worth office will handle office leasing. The team includes former University of Texas quarterback Colt McCoy.
Future phases of the project will include Fort Worth’s first mass timber building. The project will be built out over the next decade.
Fort Worth officials approved an overall $125 million incentive package on the project last year.
Stockyards renovations
Stockyards Heritage Development Co., a partnership between Majestic Realty Co. and the Hickman Companies, announced last week that the Stockyards Hotel and the H3 Ranch steakhouse will temporarily close in the coming months for a $30 million renovation.
Both will close starting April 6. The hotel is expected to reopen in early 2027, and the steakhouse is aiming to come back in late 2026.
Established in 1907, notable guests at the Stockyards Hotel include outlaws Clyde Barrow and Bonnie Parker, as well as country music stars Willie Nelson, George Strait and Vince Gill.
The partnership purchased the iconic hotel in 2022.
The announcement comes amidst an ongoing legal battle between Craig Cavileer, the former managing partner of Stockyards Heritage Development Co., and Majestic Realty over a breach of contract.
Majestic alleged in a 2024 lawsuit that Cavileer defaulted on 31 loans worth tens of millions of dollars when he failed to repay the company after Majestic demanded immediate repayment, according to The Fort Worth Report.
The Dallas Business Journal reported that Cavileer filed countersuit last September. A trial is scheduled in California’s Los Angeles County Superior Court for late October.
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