Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Texas  + Dallas-Fort Worth  + Apartments  | 
Evans And Rosedale

Ft. Worth’s Evans and Rosedale Project Taking Shape

It’s had a few false starts, but the developer chosen by the City of Fort Worth to construct the Evans and Rosedale project is moving ahead on the mixed-use project that will include affordable housing, restaurants, a grocery store, a fitness center and a retail center. The Dallas Business Journal reports the town selected Royal Capital Group to spearhead the project, and now it’s hoping to capture a $20 million incentive package from the city. The developer is committing to a $61 million investment in the area.

The funds for Royal Capital would go toward streetscape improvements and infrastructure such as storm drainage, water, sewers and utilities.

The Fort Worth Local Development Corp. and Fort Worth Housing Finance Corp. approved the sale of land, which totals about $4.24 million. Royal Capital has also applied for $2.5 million in city grant funding. If Royal meets requirements, such as completing the project, the Fort Worth City Council is expected to vote on additional incentives, including a Chapter 380 grant for up to $6 million.

Connect

Inside The Story

Royal Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
New call-to-action
New call-to-action
New call-to-action
New call-to-action