Choose a City

Communities in action - Best Practices
fortworth_photo Home arrow City Center arrow Investments
Fort Worth - Investments Print E-mail

Fort Worth boasts numerous unique areas and projects that are continuously making Fort Worth a great place to live. They include:

Sundance Square
Sundance Square is one of the most vibrant downtown districts in Texas. Its renaissance started in the early 1980s with the openings of the Worthington Hotel and the Caravan of Dreams nightclub, and it continues with a constant influx of new restaurants, shops, colorful street-level architecture, and plenty of public art - most notably the trompe l'oeil Chisholm Trail mural. The many restaurants range from casual to elegant, offering everything from intimate dining to family-style atmospheres. Twenty movie screens show first-run films. And lining the blocks, you’ll find anchor stores like Barnes & Noble and Pier 1 next to small specialty boutiques. Sundance Square is also home to the Bass Performance Hall, one of the world’s finest concert and performance halls.

Trinity River Vision
The Trinity River Vision is an ambitious master planning effort recently completed by the Tarrant Regional Water District, Streams and Valleys, Inc., and the U.S. Army Corps of Engineers, in cooperation with the City of Fort Worth. The master plan contains recommendations to improve the river’s accessibility to the public, preserve its natural beauty, attract more people to its banks, and increase its prominence within the city. Specific recommendations include developing an urbanized downtown waterfront while maintaining the "natural" feel of the more remote areas. Sensitive development along the riverfront, including residential, office, recreational, cultural, and entertainment uses, will increase the use and appeal of the city’s greatest natural asset.

Trinity Bluff
The $300 million redevelopment on the northeast end of downtown will bring 1,500 and neighborhood retail to the riverfront. Encompassing approximately 30 acres along the bluff overlooking the east bank of the Trinity River at the historic site of Fort Worth’s oldest community, the area is a natural extension of the city’s Central Business District.

Lancaster Corridor
The purpose of the Lancaster Corridor Redevelopment Project is to use the redesign of Avenue as a catalyst for redevelopment in the southern end of downtown Fort Worth. It will also serve as a means to connect downtown more effectively with the near east side and the medical district on Fort Worth’s south side. Projects within the Lancaster Corridor include renovation of the Convention Center and construction of a new Omni hotel and renovation of the Fort Worth Water Gardens. The historic downtown Hyde Park site will include a new transit plaza and street improvements. Additionally, the University of Texas at Arlington has signed a 10-year lease with the Downtown TIF district to use the historic Santa Fe Warehouse building in the corridor.

Fort Worth South
The second largest employment center in Fort Worth is the Near Southside Medical District, over 30,000 employees. A Tax Increment Finance District was established for this area, and the TIF has helped trigger a surge in redevelopment and job growth. The leadership of Fort Worth South, a nonprofit corporation, is instrumental in this redevelopment. A number of residential and mixed-use projects are re-introducing a residential component into the medical district. Magnolia Green, an 11-acre pedestrian oriented, mixed-use development anchored by three new office buildings, 17 luxury townhouses, and a central public park is one of several major projects helping to transform the Near Southside.

West Seventh Urban Village
Just west of downtown Fort Worth, another hub of redevelopment is beginning to take shape. Starting with the brownfield redevelopment of Montgomery Plaza into retail and lofts, the area known as the West Seventh Urban Village is rapidly growing into Fort Worth ’s mixed-use Mecca. Today, the So7, West 7th, and Museum Place developments are in various stages of construction and poised to create a pedestrian friendly environment that stretches from the Trinity River to Fort Worth’s Cultural District. These four projects will bring a projected 1.4 million square feet of retail and office, 1,600 residential units, and around 500 hotel rooms to Fort Worth’s near west side within the next couple of years. 

Historic Preservation
Properties in Fort Worth’s eight historic districts are eligible for a Historic Site tax exemption amount equal to or greater than 30% of the assessed valuation of the improvements is spent on rehabilitation. Since its creation, the City’s historic site tax exemption has provided local tax relief to more than 500 historic properties, which have been rehabilitated in accordance with Fort Worth’s historic preservation design guidelines.