This transaction represents the acquisition of a ±2.85-acre site located at 1001 University Drive in the popular West 7th District, just around the corner from Goldenrod’s VanZandt mixed-use development. Fully built out, the Project is anticipated to provide ±19,800 SF of street level retail/restaurant space along University Drive, 800+ parking stalls on grade and within two levels of subterranean parking structure, ±145,000 SF of class AA office space, ±225 multifamily units and an approximate 135-key 4-star Fort Worth branded hotel ranging in height from 26’ to 114’ The property will complete predevelopment work and preliminary design before being divested to GCP IV in late 2022.

Fort Worth, TX 164,800 square feet

Brad Norwood