FW Star-Telegram: $850 million development near Fort Worth downtown receives city blessing

Fort Worth leaders on Tuesday evening cleared the way for an $850 million retail and residential development a mile north of the West 7th entertainment district and just minutes from downtown. City council members unanimously approved the rezoning of 11.45 acres of industrial land hugging the southern bank of the Trinity River, at the intersection of North University Drive and White Settlement Road. Dallas-based developer Larkspur Capital plans to replace several blocks of decimated administrative buildings and warehouses with apartments and storefronts.

Every city zoning commissioner supported the proposed change during its May meeting. Planning staff determined the project was “compatible” with surrounding land uses and “consistent” with the city’s comprehensive plan, its sweeping scheme to assess and plot out Fort Worth’s growth. “Through the proposed rezoning and potential future initiatives, city staff anticipates fostering more favorable development within this general area,” planning staff wrote in their analysis. 

Read the full story at The Fort Worth Star Telegram.