A local firm secured entitlements to redevelop the former Woodhaven Country Club.
Fort Worth City Council approved mixed-use plans for the 150-acre site at 913 Country Club Lane on the East Side, the Dallas Business Journal reported. Crescendo Development, led by former Fort Worth zoning commissioner Will Northern, bought the site out of foreclosure last year with an $8.5 million credit bid and is planning to sell it off to another developer, the outlet said.
The rezoning, formulated after multiple community meetings, will allow a community center, housing, office space, an urban farm and a golf course via Kemper Sports.
Over 60 acres was rezoned for single-family residential. Two acres will be for “urban residential,” a category meant for multifamily that is walkable and near public transit. Forty-one acres will be for low-intensity mixed-use, which typically indicates apartments with some retail space. Twenty-two acres will be for agricultural purposes.
The property is two miles from the Trinity Lakes Station, a stop on the Trinity Railway Express commuter train that opened last year.
The Woodhaven Tax Increment Financing District still holds $17 million in unused funds, and a neighborhood conservation plan is in the works, with a key meeting scheduled for March 5.
Elsewhere on the city’s East Side, the Evans and Rosedale Urban Village project aims to create hundreds of apartments and commercial space in the Historic Southside neighborhood. That 7.5-acre project on city-owned land was reassigned recently to Milwaukee-based Royal Capital after the city claimed Dallas-based developer Hoque Global missed deadlines for the project.
Fort Worth is growing rapidly, but most of the development is to the north and west.
For example, Centurion American’s Alpha Ranch community is set to bring 4,000 single-family homes to the Alliance area north of Fort Worth. Meanwhile, Lennar’s 1,800-acre Ranchland project is slated for another 4,000 homes in Wise County.
Fort Worth is also a major market for built-to-rent homes, with 2,000 units in the pipeline.
—Rachel Stone
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