**Fort Worth’s Evans and Rosedale Project Takes Major Step Forward**
The long-anticipated Evans and Rosedale redevelopment project in Fort Worth is finally gaining momentum. After a few early setbacks, the City of Fort Worth’s selected developer, Royal Capital Group, is moving forward with plans for a vibrant mixed-use development in the historic district.
The $61 million project aims to transform the area with a combination of affordable housing, restaurants, a grocery store, a fitness center, and retail space. As part of the advancement, Royal Capital is seeking a $20 million incentive package from the city to support streetscape enhancements and critical infrastructure improvements, such as storm drainage systems, water lines, sewers, and utilities.
In recent developments, the Fort Worth Local Development Corporation and the Fort Worth Housing Finance Corporation approved the sale of land involved in the project, which is valued at approximately $4.24 million. Additionally, Royal Capital has submitted a request for $2.5 million in city grant funding.
Should the developer meet the outlined requirements—including full project completion—the City Council is also expected to consider additional incentives, including a potential Chapter 380 grant of up to $6 million.
The forward movement of the Evans and Rosedale redevelopment marks a significant milestone in revitalizing a key area of Fort Worth, bringing new amenities and increased economic opportunity to the community.
