Now.Town

Now.Town

Architecture and Planning

Fort Worth, Texas 2,122 followers

News, updates & thoughts on urban development, construction, transportation and land use in Fort Worth since 2016. 🏗

About us

News, updates & thoughts on urban development, construction, transportation and land use in Fort Worth. 🏗

Website
http://now.town
Industry
Architecture and Planning
Company size
2-10 employees
Headquarters
Fort Worth, Texas
Type
Self-Employed
Founded
2016

Locations

Employees at Now.Town

Updates

  • View organization page for Now.Town , graphic

    2,122 followers

    "One oddity is Fort Worth. While permits are plunging 54% in next-door Dallas, Fort Worth actually rebounded back around peak levels (8.8k units)." Read more in Jay Parsons' post below.

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    Jay Parsons Jay Parsons is an Influencer

    Rental Housing Economist (Apartments, SFR), Speaker and Author

    Multifamily building permits continue to plunge pretty much everywhere, as developers continue to face stiff headwinds to starting new projects. Permits have plummeted more than 40% from peak levels in more than half the nation's 50 largest metro areas. Some notables: -- Philadelphia, -81% -- San Antonio, -76% -- Portland, -73% -- Jacksonville, -70% -- Minneapolis, -69% -- Houston, -66% -- Nashville, -63% -- Seattle, -61% -- Orange County, -54% -- Dallas, -54% -- Denver, -53% It's an interesting list that doesn't discriminate by region of the country or by demand trends. Even in the steady Midwest and Northeast -- where rent growth continues at normalized levels in the face of lesser supply -- permits are down everywhere, including hotspots like Indianapolis (-41%), Boston (-36%), Kansas City (-28%), New York (-25%) and Columbus (-6%). One oddity is Fort Worth. While permits are plunging 54% in next-door Dallas, Fort Worth actually rebounded back around peak levels (8.8k units). So far, the permitting spike hasn't translated to spike in starts, but will be one to watch. And on that note: Remember that permitting rules vary by municipality, in terms of costs and timeline for when you must start construction or lose your permit. In some markets, developers may be more likely than others to pull the permit and get "shovel ready," but delay the start until capital is available. Another two to watch are construction boomtowns of Austin and Phoenix. While permitting is down from peaks, it's not down as much as peer markets. And in both cases, T-12 permits remain quite elevated relative to pre-COVID norms of 2018-19 (Phoenix is still +80% and Austin is +25%). Other notables still above 2018-19 permitting baseline include Tampa, Raleigh and Atlanta. Compare that to peers like Houston (-48% compared to pre-COVID averages), Dallas (-40%), Nashville (-19%) and Charlotte (-11%). Again, you can't look at permits alone as the sole predictor given varying timelines and seriousness of permit pulling by municipality. But it could offer one clue on where supply/demand might recover earlier than others. #housing #apartments #construction

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  • View organization page for Now.Town , graphic

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    Construction has begun at Thrive on Crawford, a new workforce housing development at Magnolia and Crawford, adjacent to JPS Hospital. The project, being developed by The NRP Group LLC Group in partnership with JPS Health Network, will offer essential housing for healthcare workers and residents, with a focus on wellness and social services. The community will include 67 total units, with 60 units designated for individuals earning 30-60% of the Area Median Income and 2,200 sqft of commercial space leased to JPS Health Network.  Designed by Womack+Hampton Architects, LLC, completion is expected in early 2026.

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  • View organization page for Now.Town , graphic

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    On Tuesday, the Fort Worth Zoning Commission recommended approval for a zoning change on major mixed-use, transit-oriented project at the eastern edge of Fort Worth along the City’s border with Grand Prarie, and just south of the Centreport TRE Station. The Fort Worth project would tie into plans already underway across the Trinity River in Grand Prairie. Dubbed “River Central”, the Grand Prairie Zoning Commission approved the change to mixed-use zoning in their City in the winter of 2023. The Grand Prairie portion of the project is listed as having 8,342 multi-family residential units, 552 single-family townhouse units, 52 single-family homes, 457,000 sqft of office space, and 558,476 sqft of commercial/retail space on 325 acres. The proposal also includes a usable open space plan, with a network of trails, a boardwalk, and other open spaces throughout the development. The project could take 20 years to reach full build-out. The Fort Worth portion could include 1,200 multi-family units, 120,000 sqft of of office space, 60,000 sqft of commercial/retail space, and a 56,000 sqft concert facility. Construction could start in 12-15 months. The majority of the area in both cities is undeveloped, sitting in the floodplain of the Trinity River. Significant investment will be made to mitigate flooding issues. Images shown are screenshots from Gensler's presentation at the 11/21/23 Grand Prairie City Council meeting.

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  • View organization page for Now.Town , graphic

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    Tomorrow’s City of Fort Worth Zoning Commission meeting will hear a number of notable cases. Among the items are a proposed transit-oriented development south of Centreport Station, the restoration of a historic structure in the Historic Southside, the redevelopment of two garden apartment complexes near White Settlement and University, the restoration of a historic structure in the Historic Southside, multiple changes on the TCU campus, townhomes near Lake Como, new housing at Renaissance Square, updated plans for the Chùa Hương Đạo Temple on Rosedale and more. See the full docket below. https://lnkd.in/gRmyEncs

    Zoning Commission

    Zoning Commission

    fortworthtexas.gov

  • View organization page for Now.Town , graphic

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    The City of Fort Worth Local Development Corporation has approved plans for AECOM, an engineering consulting firm, to provide project development support for several major initiatives in the southeast quadrant of Downtown Fort Worth. AECOM would develop a comprehensive vision for the area situated east of the Convention Center, west of Fort Worth Central Station and north of the Texas A&M Fort Worth campus. The proposed development could encompass 13.3 million square feet, including a 1,000-room hotel, 3,800 parking spaces, 600 residential units, 300,000 sq ft of office space, 55,000 sq ft of retail space and park space. This development of these properties is expected to integrate with other significant projects currently under construction or planned for the area, such as the Texas A&M Fort Worth Campus, the expansion of the Fort Worth Convention Center, and the proposed High-Speed Rail station. The images and renderings shown are conceptual.

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  • View organization page for Now.Town , graphic

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    Texas A&M-Fort Worth's new Law and Education building as seen after dark. The concrete structure is nearing its highest point and facade installation will likely begin soon. The $180 million Law and Education Building will serve as the new home for the Texas A&M University School of Law and provide space for the A&M system’s academic and workforce programs in Fort Worth, including healthcare and engineering. The building is expected to be completed in December 2025. The design team for the Law and Education Building is Stantec and Pelli Clarke & Partners, and the construction team consists of Turner Construction Company, CARCON Industries & Construction, Source Building Group Inc., and Dikita Enterprises, Inc. Enterprises. The Law and Education Building is the first of three planned phases for the Tier 1 research institute’s Downtown Fort Worth Campus. Design work is underway on Phase II, the Research and Innovation Building, which will sit just to the north of the Law and Education Building. Phase III, the Gateway Building, will replace the existing 2-story law school building on Commerce St. Learn more about all three phases at https://lnkd.in/gG-cKa2y #FortWorth #DowntownFortWorth #FortWorthConstruction #GigEm #TAMU Texas A&M University

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  • View organization page for Now.Town , graphic

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    A pair of massive 250’ crawler cranes have begun erecting a new parking garage at the main campus of the JPS Health Network Hospital. Located on the south side of Magnolia Avenue, the 7-story, 2,500-space garage will accommodate existing and future parking needs as the hospital expands. Ground-floor space along Magnolia will be used as a clinic, and a separate medical outpatient tower is slated to be constructed adjacent to the garage at the corner of Magnolia and South Main. The garage, being built by The Beck Group and POTERE CONSTRUCTION LLC, is expected to be completed in 2026. Funding for the project predominantly comes from the $800 million bond that Tarrant County voters passed in 2018. Learn more at https://lnkd.in/gKr4QR6i. #FortWorth #NearSouthside #FortWorthConstruction

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    Congrats to Southern Land Company, GDA Architects and the entire Deco team.

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    15,805 followers

    Deco, our new luxury mixed-use community in Fort Worth, adds a stunning addition to the Panther City skyline. Take a look at the new photos taken in collaboration with GDA Architects, our architecture partner on the project, for a closer look at the building's elevated Art Deco style and design. Learn more about Deco by visiting https://lnkd.in/ejNxaH2k

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    The Harden at the Public Market a six-story senior living community with 200 units, has reached a major milestone with much of its framework completed. Wilks Development is leading the project, which consists of a six-story, 200-unit senior living community, with BOKA Powell as the architect. The Harden is located at the southern edge of Downtown Fort Worth, Inc., behind the Public Market Building. Wilks Development and The Woodmont Company have also released new renderings promoting the Public Market building’s commercial lease space. The historic structure was built in 1930 and is being meticulously restored as part of the larger development. More information about the leasable spaces can be found at https://lnkd.in/gszP83a2. #FortWorth #FortWorthRealEstate #FortWorthCRE

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    Construction has started on a new 3-story, 30,000 sq ft office building at 5401 Birchman, near the interchange of Camp Bowie Blvd and I-30. Wichita Falls-based Muse Capital is developing the Class A building, which will include an 18,600 sq ft, 2-story parking deck. The design and construction team of the project includes Garrison/Jones Landscape Architects, JQ Engineering LLP, Effectus Group, Fort Construction, LP and ROSSA architects.

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