The future’s so bright for Phase I of the $1.7 billion luxury Westside Village project that Fort Worth residents might want to bring shades for its groundbreaking March 5. A jazz club is one hip component planned for the 37-acre site.
The initial phase of the vast and varied mixed-use development at the corner of University Drive and Westside Drive is already bopping with some work taking place to bring a 308-unit multifamily community and a 100,000-square-foot Class AA office building with workspace, retail, two restaurant concepts, a private social club and that jazz club.
Along with new construction, the development will use some existing structures on the site. Much of it was formerly the Fort Worth ISD headquarters but also a longtime industrial area.
The buildings will be connected by a shared underground parking garage.
The 37-acre Westside Village is being developed by FW Westside RE Investors, a partnership between Keystone Group and Larkspur Capital. When fully built out, Westside Village will consist of 880,000 square feet of office space, 238,000 square feet of retail, a boutique hotel and 1,785 apartments.
The office building component was designed by the Michael Hsu Office of Architecture with Corgan serving as architect of record. Corgan is also leading design on the apartments along with civil engineering firm Kimley-Horn. GGN will handle landscape architecture.
HPI’s Fort Worth office will lead office leasing.
Dallas-based DBA Commercial Real Estate is leading leasing efforts for The Shed, the first food, beverage and entertainment component within Westside Village. That will repurpose an existing, 19,099-square-foot industrial building on nearly 4 acres with an additional 23,453 square feet of covered outdoor space.
General contractor Moss & Associates is leading construction for Phase I.
“Phase I of Westside Village brings together multifamily and office construction on a shared site, requiring tight coordination and disciplined execution,” said Josh Carson, vice president at Moss, in a news release.
A first for Fort Worth
Future phases of the project will include Fort Worth’s first mass timber building, Cannon Camp, executive vice president at JLL, said at the 2026 Tarrant County Commercial Real Estate Forecast on Jan. 22.
A mass timber building uses thick, compressed layers of wood to create strong, structural load-bearing elements. The Offices at Southstone Yards in Frisco was the first mass timber office building in the Dallas-Fort Worth area, according to CoStar. Mass timber buildings are said to be more sustainable than traditional concrete and steel structures.
Fort Worth city officials approved a $125 million incentive package on the project last year.
Camp said the Westside Village — along with the office projects underway at Clearfork, the Crescent Offices, the Van Zandt and a planned development on University Drive across from the Modern Art Museum of Fort Worth — will add about 250,000 square feet of new office space in Fort Worth. Camp expects the office rents for these projects to be in the high $70 per square foot up to the mid-$80 per square foot, a new high for Fort Worth.
Bob Francis is business editor at the Fort Worth Report. Contact him at bob.francis@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
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