Goldenrod Companies plans to build a 10-story residential tower in March as part of its “One University” project in Fort Worth’s West 7th District following the approval of an economic development agreement by the Fort Worth City Council.
The 240-unit building will include a combined 110,000 square feet of retail and office space and a 175-room hotel. According to a Texas Department of Licensing and Regulation filing, the construction is expected to be completed by the end of March 2026. It has a projected construction cost of $73 million.
In October, Fort Worth officials approved approximately $31 million in annual grants for up to 15 years. In return, Nebraska-based Goldenrod Companies must spend $400 million in total development costs on One University and another nearby project — the construction of The Van Zandt, a mixed-used property featuring 115,000 square feet of office and retail space and 226 apartments. A 500-space parking garage will also be built as part of that development.
The Van Zandt will be built at West 7th Street and Foch Street, and One University is being built at University Drive and Bledsoe Street, near Artisan Circle in the West 7th District. The latter project includes the construction of a second-floor amenity deck and fitness center on the first floor, the state filing shows.
As part of the economic development agreements with Goldenrod, neither development will be allowed to lease retail space to freestanding bars or nightclubs. According to the Fort Worth Star-Telegram, the reason for this condition is that the number of bars and nightclubs on the south end of West 7th Street has become a matter of concern due to underage drinking and crime in the area.
While construction has been booming in Cowtown and other parts of the metroplex, commercial development in Dallas still lags behind, in part due to project delays on the permitting end of City services under City Manager T.C. Broadnax, as previously reported by The Dallas Express.
