{"id":101477,"date":"2025-12-26T17:36:06","date_gmt":"2025-12-26T17:36:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/101477\/"},"modified":"2025-12-26T17:36:06","modified_gmt":"2025-12-26T17:36:06","slug":"hpi-real-estate-services-and-investment-bringing-829-unit-housing-development-to-fort-worth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/101477\/","title":{"rendered":"HPI Real Estate Services and Investment bringing 829-unit housing development to Fort Worth"},"content":{"rendered":"

\t\t\t\t\t\t\tHPI Real Estate Services and Investment<\/a> is behind a development that will feature more than 800 residences when completed in north Fort Worth.<\/p>\n

Ground was broken in October, and dirt and utility work have followed, according to Tim Shaughnessy, president of HPI Multifamily. The next sequence of construction is adding a deceleration lane on the south side of Blue Mound Road and a turn lane on Bonds Ranch Road, work that is being done by the general contractors, Blackland Partners<\/a>.<\/p>\n

\u201cI’ll be honest, it will probably be a good case study for somebody to look at in terms of developers building roadways versus cities building roadways,\u201d Shaughnessy said. \u201cI think Bonds Ranch is a good example, and we’re happy to bring these improvements. It’s a benefit to us, as well, in the area.\u201d<\/p>\n

The details<\/p>\n

The 829-unit development is a mixture of apartments and cottages\/townhomes, according to a news release<\/a>.<\/p>\n

The first phase will be a 396-unit, three-story apartment complex, and residents are expected to occupy the units in early 2027, Shaughnessy said.<\/p>\n

The next phase will include 193 cottage homes, followed by an additional 240 apartments, with plans to break ground on these in 2027.<\/p>\n

Currently, there isn\u2019t a name for the apartment complex yet. Shaughnessy said HPI bought the 55-acre property in 2022 and worked through zoning and approvals to start construction. The development is located in Council District 4, according to a city zoning map<\/a>.<\/p>\n

The apartment complex will have a walking path throughout the community, pickleball, resort-style pool, indoor and outdoor fitness center, and a golf simulator. Shaugnessy said HPI will be trying a new rental service, by the hour or daily, on sites such as golf clubs, standup paddle boards and Yeti coolers.<\/p>\n

What they\u2019re saying<\/p>\n

\u201cThis is where we wanted to be, we wanted to plant a flag for a few years,\u201d Shaughnessy said. \u201cWe’re seeing a lot of growth in north Fort Worth, and we’re going to continue to build more projects up here. It seemed like there was a gap in the market for a high-end product that we’re going to deliver up here. The supply and demand seem more imbalanced than some other markets right now.\u201d<\/p>\n

What else?<\/p>\n

HPI is investing $16 million of its own capital in the project, alongside a group of private investors that include high-net-worth individuals, family offices and registered investment advisers, according to a news release.<\/p>\n

The project is within the Northwest ISD<\/a> school boundary and is less than 2 miles from Alliance Town Center<\/a>.<\/p>\n

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