Garage: Six stories, 598 spaces for residents, retail customers and rail passengers.įunding: 4 percent tax credits, tax increment finance district, Fort Worth city transportation-oriented development bonds, tax-exempt bonds, private mortgages, North Central Texas Council of Governments. Fort Worth Housing Solutions in talks with the YMCA-run Amaka Child Development Center in the Butler housing project. Ground-floor retail: 12,000 square feet planned, including restaurants, retail and a day care center. Those help address need for more below-market rents in Fort Worth and on the Near Southside. Fifteen apartments for low-income residents. Ninety-three affordable-rate apartments targeted at tenants earning 60 percent of area median income. Public-private partnership of Fort Worth Housing Solutions, Matthews Southwest development partner, Near Southside, Inc., and Trinity Metro.Īpartments: 168 one-bedroom apartments, 68 two-bedroom. And we have got to start delivering workforce housing." "That may be the best hotel site in the city. "From a housing perspective, it's critical," Mike Brennan, CEO of the Near Southside, Inc. The project is expected to help drive future redevelopment nearby, including in the South Main Village. The plan calls for a boutique hotel in a future phase, enabling travelers to hop a train at DFW and come right into where they're staying in Fort Worth. The apartment tower will have a mix of market and below-market rents that help address the central city's need for more below-market rents. Commuters who live in the tower can walk a short distance to their TEXRail train. The long-planned Katy Lofts transit-oriented development, on the Trinity Railway Express lot at the northwest corner of South Main Street and West Vickery Boulevard, will include a first-phase, mixed-use residential and commercial tower and a parking garage. Katy Lofts T&P is the western-most Fort Worth station on the Fort Worth-DFW Airport TEXRail route, and already is the western terminal for the Trinity Railway Express and served by Trinity Metro buses. TEXRail is preparing to launch long-awaited Fort Worth-DFW Airport service New Year's Eve.
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