Fort Worth Considers $125M Incentive Package for $1.7B Mixed-Use Development
Developers Larkspur Capital and the Keystone Group recently presented plans for a transformative mixed-use development to the Fort Worth City Council. The proposed project, known as Westside Village, would be located at the former site of the Fort Worth ISD administrative building and an adjacent car dealership lot.
The ambitious plan calls for 880,000 square feet of office space, 238,000 square feet of retail, a 175-room hotel, and nearly 1,800 residential units. The development is expected to be constructed in four phases over a 10-year period from 2025 to 2035.
In response to the proposal, the city has introduced a $125 million incentive package aimed at supporting the project. The funding would help cover costs related to flood control, infrastructure upgrades, and streetscape improvements, facilitating the large-scale transformation of the site.
The Fort Worth ISD sold the former administrative offices in 2020 for $4.96 million and relocated to a new facility on Camp Bowie Boulevard. Similarly, Autobahn, the previous auto dealership occupying part of the site, has moved its operations to a new location.
The Westside Village project positions itself as a major catalyst for long-term urban growth and redevelopment along University Drive in Fort Worth.
