FORT WORTH, TX - The first multi-family, mixed-use development in the Near Southside Community of downtown Fort Worth has recently broken ground. The 2.1-acre parcel of land is located at the corner of Jennings and Broadway, across the street from the Broadway Baptist Church.
"We are very pleased to introduce South 400 Apartments to Near Southside and are equally excited to be a part of the revitalization efforts of this unique community," said Sean Siebert, partner of Ventures Development Group (VDG). "Our collective team has worked diligently with the City of Fort Worth to create a one of kind place in an eclectic, urban neighborhood. We are thrilled to be moving into the construction phase."
In conjunction with the development, the tax increment district approved infrastructure improvements, updated streetscapes, and environmental remediation to be completed along with this new build. VDG has engaged the multi-family division of Stream Realty Partners to manage this 5-story, 209-unit community that is grounded by 2,600 square feet of retail space and four live/work studio lofts. Pre-leasing will begin in the second quarter of 2016.
South 400 Apartments will offer a robust amenity package, which features a Sky Lounge overlooking the Fort Worth skyline and sought after private terraces. VDG most recently completed The Phoenix Apartments on College Avenue and feel as though this new development will help bridge the gap from the Downtown Dwellers and the South Side District, also referred to as "Magnolia Avenue."
"I am very excited about the S. Jennings Apartment project," said Paul Paine, president of Fort Worth South. "The Near Southside has become a highly desirable place to live because of the area's increasing popularity as we have some of the best restaurants and nightlife entertainment spots in all of Fort Worth."
Source: Ventures Development Group / #Apartments #Multifamily