Fort Worth invests $31 million in two Cultural District Developments
October 20, 2023
Goldenrod Companies will build the Van Zandt project and One University on either side of West 7th Street.
City Council approved nearly $31 million in incentives for two Cultural District developments earlier this week. The projects by Nebraska-based Goldenrod Companies will bring 740,000 sqft and a $400 million investment to the West 7th Street area.
The Van Zandt | West 7th + Foch Streets
The mixed-use development includes 95,000 sqft of office and 10,000 sqft of retail space, in addition to 226 apartments and a 500-space garage. In order to claim all of the city’s investment, the project must be finished by the end of 2026.
One University | University Drive + Bledsoe Street
Set to open at the end of 2027, the development includes 100,000 sqft of office and 10,000 sqft of retail space, 240 apartments, an 800-space parking garage, and a 175-room hotel.
Goldenrod Companies has agreed not to lease tenant space to freestanding bars or nightclubs for the duration of the 15-year contract. This does not apply to bar service location within hotels or restaurants.
https://ftwtoday.6amcity.com/city/goldenrod-companies-developments-fort-worth-tx
Anyone who doubts DFW’s success in drawing New Yorkers to North Texas in recent years can find anecdotal evidence in the delicatessen that Goldenrod Companies is touting as part of its renovation of a 25-year-old Collins Crossing office building in Richardson. The bagels-and-pastrami play is a followup act, though — other plans to spruce up the 300,000-square-foot property, at 1500 North Greenville Avenue, will stick to the lobby and corridors and bathrooms on floors with multiple tenants, the Dallas Morning News reported. The building is nearly full, just eight months after Goldenrod bought it at 66 percent occupancy. The Omaha, Nebraska-based developer has not said how much it plans to spend on renovations for Collins Crossing, which it acquired on undisclosed terms in January. Goldenrod has already added leases for a so-far unnamed technology company and homebuilder Chessman Homes, which both expected to move into Telecom Corridor building early next year and take occupancy to about 93 percent. Collins Crossing also has 3.5 acres available for multifamily development, Goldenrod’s Southwest regional president John Zogg told The Real Deal in December. “They came to us at a good price. We said we were busy. We would do it at this price, which was lower, and they took it,” Zogg said of the firm’s negotiations with seller Franklin Street Properties. To read more, check out the article https://therealdeal.com/texas/dallas/2024/07/18/goldenrod-cos-adds-amenities-to-older-richardson-office-building/ .
Our newest hire, Erin Hill, visited her first job site today in Paulding County, Georgia! The tour was given by Andrew Silverman, Senior Project Manager in our Atlanta office. Two great team members for a great project nearing completion!