The Fort Worth housing market continues to set records even as home sales slowdown. So the question is, what is driving this increase?
We talked to a North Texas realtor for some insight.
As of right now, the median home price in Fort Worth is at $310,000. That’s according to The Greater Fort Worth Association of Realtor’s, October report. That’s an increase of nearly 2-percent since September.
Clear skies and a cool bite in the air created an almost perfect wintry, Christmas ambiance Monday for Westhaven’s second annual Christmas tree lighting in Franklin.
Since last year’s tree lighting was tempered by bad weather and the COVID-19 pandemic, this year’s event seemed like a first to many.
While downtown Fort Worth has yet to fully recover from the pandemic, several new developments in the pipeline promise to change the face of the area, adding to its growing residential and hospitality footprint.
The downtown area has been picking up steam recently, but full recovery is not anticipated until 2022. While the office market is still struggling post-pandemic, several residential and hospitality developments are inbound or in progress in the downtown area.
In the midst of the booming Fort Worth multifamily market, Southern Land Company has begun construction on a 27-story residential high rise in the heart of the city.
“We never could understand why people wouldn’t be living in such an awesome environment,” said Tim Downey, CEO of Southern Land Company.
According to CBRE’s Dallas/Fort Worth Multifamily Marketview Q3 report, the central Fort Worth submarket, which includes downtown, has fewer multifamily units than almost every other area of the city. The new tower, Deco 969, marks the first high-rise residential tower to be built in downtown Fort Worth in more than 30 years, the city said.
Southern Land Co. plans to develop a nearly 1-acre parcel at the corner of Tremont Avenue and South Boulevard — currently home to Tyber Creek Pub.
The Nashville, Tennessee-based real estate developer is under contract for three parcels — 1919, 1923 and 1933 South Blvd. Plans call for a mixed-use, high-rise building with 300 luxury apartments that have outdoor amenity decks.
Those plans include Tyber Creek Pub, which will occupy a 4,500-square-foot street-level space. It has been a fixture in the neighborhood since 1999.
SACRAMENTO (CBS13) — There’s a new push to pivot away from state government in Downtown Sacramento. Now, a 28-story luxury high rise is coming to Capitol Mall in downtown Sacramento as part of the calls for more downtown housing and entertainment.
The proposed development would go up on Capitol Mall and 3rd Street—one of the gateways into downtown.
The current location, known as “Lot X,” was one of the parcels the Kings ownership group received from the city of Sacramento when they purchased the NBA franchise in order to prevent the team’s move to Seattle.
Nashville-based Southern Land Company announced plans for the development in October. It’s the company’s first development on the west coast.
ERIE — It’s not everyday that a real estate developer quotes Winston Churchill, Robert Putnam and Aristotle in the same conversation — but Southern Land Co. vice president and general manager of the company’s Westerly project in Erie doesn’t see herself as a run of the mill developer.
“We shape our buildings and then afterward our buildings shape us,” the former farm girl and self-described “armchair anthropologist” said Heidi Majerik, echoing Churchill.
“It’s imperative that our built environment is built in a way that positively impacts rather than negatively impacts us,” Majerik said. “That’s what Winston Churchill was getting at.”
Southern Land Company and GTIS Partners have sold Bespoke Uptown, a mixed-use project at 17th and Pearl Street in Denver. The 10-story community —completed in 2020 — features 316 luxury apartment homes and more than 12,000 square feet of ground-level commercial space, sold to PPF AMLI 1633 North Pearl St. LLC, an entity associated with AMLI Residential for $181 million, according to public records. The property has been rebranded to AMLI at Uptown.
Residential offerings include studio, junior one-bedroom, one-bedroom, and two-bedroom apartment homes equipped with granite countertops, stainless steel appliances, wood plank and tile flooring, in-home washers and dryers, and private balconies. Residents can also enjoy a heated resort-style pool, multiple outdoor courtyards, an open-air dog park, a 24-hour-fitness center, and a residents’ lounge, among other amenities.
Southern Land Company (SLC) and the Sacramento Kings are partnering on a mixed-use project at Capitol Mall and 3rd Street in Sacramento. It will feature 28 floors comprised of 225 apartment homes and an 80,000-square-foot mass timber office building 0.2 miles from Golden 1 Center.
SLC’s project will be the first high-rise rental residences in Sacramento, offering a live-work-play lifestyle to future residents. It also marks SLC’s expansion into Sacramento.
“We are grateful to the Sacramento Kings for believing we are the best team for the job of transforming and revitalizing the site into something of which future residents and the greater Sacramento community can be proud,” said Tim Downey, SLC founder and CEO.
A Nashville-based real estate developer is setting its sights on residential development opportunities in the Texas Hill Country, including Comal County, through its homebuilding group, SLC Homes.
As part of an expansion effort into the Hill Country, Southern Land Company tapped Texas builder Dan Hutts to lead the SLC Homes Hill Country Division as president.
Southern Land Co. has announced its entry into the Sacramento, California, market with a mixed-use luxury high-rise project at Capitol Mall and 3rd Street, to be developed in cooperation with the NBA’s Sacramento Kings. The project will offer approximately 225 luxury apartment units across 28 floors, plus an 80,000-square-foot mass timber office building, in a walkable downtown location.
SLC purchased the 2.56-acre development site from the Sacramento Kings, currently known as Sacramento Kings Lot X. Previously owned by the city of Sacramento, the site had long been used as surface parking for nearby office buildings. Future residents will live in proximity to shopping, dining, and more than 3 million square feet of office space, as well as Crocker Park and the Crocker Art Museum, located across the street.
Southern Land Company (SLC) and the Sacramento Kings have announced plans for a new mixed-use, luxury high-rise project located at Capitol Mall and 3rd Street in Sacramento. The project will represent the first high-rise rental residences in Sacramento.
The mixed-use project will feature approximately 28 floors comprising 225 luxury apartment homes and an 80,000-sf mass timber office building in a prime location just 0.2 miles from Golden 1 Center, home of the Sacramento Kings. The development will offer a unique live-work-play lifestyle to its residents.
The Sacramento Kings and a prominent developer unveiled plans Tuesday for a 28-story Capitol Mall high-rise development, a project the two groups say will be the city’s first-ever luxury high-rise rental project.
The project plotted for Lot X at Third Street and Capitol Mall, long a parking lot for downtown’s office workers, could be downtown’s most dramatic architectural entry since the Kings’ Golden 1 Center debuted five years ago.
The high-rise will house 225 luxury apartments and an 80,000 square-foot office building, developer Southern Land Co. announced in a joint statement with the Kings. Groundbreaking is slated for 2023 with a 2025 due date. Nashville, Tennessee-based Southern Land Co. bought the 2.56-acre lower downtown lot from the NBA franchise.
The first luxury high-rise apartment building in Sacramento will be built near some major Sacramento landmarks, including the Golden 1 Center, the Crocker Art Museum and the Tower Bridge.
Southern Land Company, a national real estate developer based out of Nashville, Tennessee, announced Tuesday that it will build a roughly 28-floor building at Capitol Mall and 3rd Street in Sacramento.
A national real estate developer said it plans to build Sacramento’s first high-rise for rental apartments in the city at a downtown site purchased from the Kings.
Southern Land Company and the Sacramento Kings said Tuesday the mixed-use project will be built at Capitol Mall and Third Street and feature 28 floors with 225 luxury apartments and an 80,000-square-foot mass timber office building.
An estimated 28-floor mixed-use luxury high-rise is expected to come to downtown Sacramento by 2025, according to a release from a national real estate developer.
Southern Land Company, the developer of the project, said it recently bought Lot X from the Sacramento Kings in a deal to build the high rise. The 2.56-acre site at Capitol Mall and 3rd Street is expected to be home to the high-rise that will house 225 luxury apartment homes and an 80,000-square-foot mass timber office building.
A new 28-floor luxury high-rise will be coming to downtown Sacramento, just a few blocks away from the Golden 1 Center, the Sacramento Kings announced Tuesday.
The organization, along with national real estate developer Southern Land Company (SLC), announced the city’s first mixed-used luxury high-rise for rental residences will be built at Capitol Mall and 3rd Street.
A national development company is planning a 28-story apartment building on arguably one of the best development sites in Downtown Sacramento.
Nashville, Tennessee-based Southern Land Co. is scheduled to close escrow Tuesday on the 2.5-acre site known as Lot X, on the southwest corner of Third Street and Capitol Mall. The company is already planning not only the 225-unit project but a neighboring, 80,000-square-foot mass-timber office building on the same site.
Deco 969, a new 27-story luxury high-rise, has broken ground in Fort Worth at 969 Commerce Street. The project, which is being developed by Southern Land Company, will be downtown Fort Worth’s first luxury high-rise rental residences.
The project will span over 300,000-sf and feature 302 for-rent efficiency, one-, two-, and three-bedroom apartment homes and penthouses. Deco 969 will also include eight floors of above-grade parking, resort-inspired amenities, and retail and restaurant space on the first floor.
Construction has begun for Deco 969, Southern Land Co.’s apartment development at 901 Commerce St. in downtown Fort Worth. And as the first high-rise residential tower to be built downtown in more than 30 years, Deco 969 is getting praise from the City of Fort Worth, which expects the project to “drive additional investment, energy, and excitement to the area for years to come.”
“For years, Southern Land Co. has shared our vision for high-rise residential development in downtown Fort Worth, and it’s been exciting to partner with them to turn that potential into a reality,” said Robert Sturns, the city’s economic development director. “Deco 969 is poised to kick off a new chapter in the development of downtown Fort Worth, making it even more attractive to residents and businesses alike.”