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The big count of urban residential units in Fort Worth

residential units proposed list

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#1 Austin55

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Posted 15 December 2015 - 02:13 PM

(Edited and updated 2/13/17)
 
 
 
DOWNTOWN
 
Under Construction
  Proposed Total - 3,420 (863 UC, 2,557  pro)
 
NEAR SOUTHSIDE
 
Under Construction Proposed Total -  2,009 (611 U/C, 1,398 Pro)
 
WEST 7TH AND CULTURAL DISTRICT 
 
Under Construction Proposed  
Riverside Arts District
 
Under Construction
  • Parkside-250
Proposed  
Clearfork/SW FW
 
 
ProposedRiver District
 
Under Construction
  • Elan River District - 328
  • The Grove Townhomes - 16
  • Crystal Springs - 265
  • Merrit Apartments - 46
 
Panther Island
 
Proposed  
 
Notes
-Only buildings with more than 15 units are included
-Asterisks indicate estimates
-Only projects which are urban in nature or location are counted. 

#2 Urbndwlr

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Posted 05 January 2016 - 04:29 PM

Any idea how many existing residential units are existing on the Near South Side?

From approximately Magnolia Ave on the South (so not to include Fairmount)

There are many small buildings with 2-4 residential units on the 2nd floor, but I have no idea how many.

Curious how many units TOTAL have been built (or redeveloped in older buildings) including town houses, apartments, condos in the last 10 or so years.



#3 Austin55

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Posted 17 October 2016 - 02:32 PM

Here's a look at the occupation rates of some of the largest (170+ units) urban apartment buildings built in recent years. 

 

h36x4QJ.png



#4 Urbndwlr

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Posted 17 October 2016 - 02:37 PM

Great info. 

Where is the Trinity District property?



#5 renamerusk

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Posted 17 October 2016 - 03:55 PM

Here's a look at the occupation rates of some of the largest (170+ units) urban apartment buildings built in recent years. ...

 

Interesting and timely as I took a look at rental rates for Austin, TX for comparison to Fort Worth and to Dallas. 

 

It seems that Fort Worth is getting comparable rental rates as both Austin and Dallas, so it is head scratching that both Austin and Dallas has a slew of "multistory apartment buildings" while Fort Worth has lagged way behind in this category.  There is a plausible explanation being given that building costs:rate of return is not justified in most cases because it is cheaper to construct "wood/masonry" than steel and glass, but this explanation does not apparently hold true in places other than in Fort Worth.

 

Perhaps its a matter of density, but it seems that it cannot be due to the economics when occupancy and rental rates in the three cities are very comparable.



#6 PeopleAreStrange

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Posted 17 October 2016 - 05:36 PM

Downtown Austin rental rates are far higher than downtown Fort Worth rental rates.

That said, central Dallas doesn't seem to be too much higher than central Fort Worth.
 
https://www.rentjung...in-rent-trends/ DT Austin: ~$2500
 
https://www.rentjung...th-rent-trends/ DT & W7 Fort Worth: ~$1500

https://www.rentjung...as-rent-trends/ West End / City Center Dallas: ~$1450 / ~$1950
 
I'm guessing the reason Fort Worth gets far less urban development than Dallas is the perception that we're a suburb or a satellite town. Many urban developers may not realize that Fort Worth has an urban core.

- Dylan


#7 Austin55

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Posted 17 October 2016 - 06:25 PM

 

 

It seems that Fort Worth is getting comparable rental rates as both Austin and Dallas, so it is head scratching that both Austin and Dallas has a slew of "multistory apartment buildings" while Fort Worth has lagged way behind in this category. 

 

True, but there is much more planned, at least 10 new projects over 130 units are currently under construction, and more proposed. Considering that there's 12 of them already existing, that's a large amount. 



#8 renamerusk

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Posted 18 October 2016 - 07:25 AM

 

 

 

 

It seems that Fort Worth is getting comparable rental rates as both Austin and Dallas, so it is head scratching that both Austin and Dallas has a slew of "multistory apartment buildings" while Fort Worth has lagged way behind in this category. 

 

True, but there is much more planned, at least 10 new projects over 130 units are currently under construction, and more proposed. Considering that there's 12 of them already existing, that's a large amount. 

 

 

 I mean, more like this ---

 

Driving through this and the T&P building down 30 is going to be cool. 

 

vickeryampmain_zpskywh6mem.png

 

 

 



#9 Austin55

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Posted 19 November 2016 - 01:54 AM

WFAA posted an article on the rising cost of rents, more demand than supply. 

 

www.wfaa.com/news/local/tarrant-county/fort-worth-apartment-rent-soars-as-demand-outweighs-supply/353549444



#10 renamerusk

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Posted 19 November 2016 - 01:39 PM

Interesting and timely as I took a look at rental rates for Austin, TX for comparison to Fort Worth and to Dallas.....It seems that Fort Worth is getting comparable rental rates as both Austin and Dallas, so it is head scratching that both Austin and Dallas has a slew of "multistory apartment buildings" while Fort Worth has lagged way behind in this category.

 

There is a plausible explanation being given that building costs:rate of return is not justified in most cases because it is cheaper to construct "wood/masonry" than steel and glass, but this explanation does not apparently hold true in places other than in Fort Worth.

 

Perhaps its a matter of density, but it seems that it cannot be due to the economics when occupancy and rental rates in the three cities are very comparable.

 

 

 

WFAA posted an article on the rising cost of rents, more demand than supply.

 

 And nothing planned above 4-story because "wood/masonry being cheaper than" steel and concrete".   I could almost believe that if it were not the outbreak of multi-story and low rise apartments coming into place "next door".



#11 rriojas71

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Posted 21 November 2016 - 12:12 AM

Interesting and timely as I took a look at rental rates for Austin, TX for comparison to Fort Worth and to Dallas.....It seems that Fort Worth is getting comparable rental rates as both Austin and Dallas, so it is head scratching that both Austin and Dallas has a slew of "multistory apartment buildings" while Fort Worth has lagged way behind in this category.
 
There is a plausible explanation being given that building costs:rate of return is not justified in most cases because it is cheaper to construct "wood/masonry" than steel and glass, but this explanation does not apparently hold true in places other than in Fort Worth.
 
Perhaps its a matter of density, but it seems that it cannot be due to the economics when occupancy and rental rates in the three cities are very comparable.

 
 

WFAA posted an article on the rising cost of rents, more demand than supply.

 
 And nothing planned above 4-story because "wood/masonry being cheaper than" steel and concrete".   I could almost believe that if it were not the outbreak of multi-story and low rise apartments coming into place "next door".

IMO Fort Worth has too much open land near downtown and it is still not dense enough with jobs and residents to warrant residential tower construction. Until more residents are in the area and the less open space there is then they will have to start building up.

#12 Mr_Brightside526

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Posted 21 November 2016 - 03:58 PM

I agree rriojas71,and I know how you feel renamerusk. I want them to go up but until the southside is a 4-6 story apartment dense neighborhood, they aren't going up : /



#13 Austin55

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Posted 17 January 2017 - 01:55 PM

Updated - for 1/17/17. (Edited and updated 2/3/17) I've stopped counting buildings with under 15 units, as it was too much to track. I also added a new neighborhood, the River District. I haven't been to see whats UC and still proposed yet, so let me know if anything is off there. 

DOWNTOWN

 

Under Construction

  1. -Bank Place-130
  2. -815 Commerce-143
  3. -Pier 1-345
  4. -ACH Campus-375

Proposed

  1. -T&P Warehouse-270
  2. -Airporter-120
  3. -Lancaster Phase 1-254
  4. -Cadillac Lofts-202
  5. -Hampton Apartments - 350
  6. -Garvey House - 353
  7. -Origin Bank - 200
  8. -Sundance Expansion-???

Total - 2,190 (994 UC, 1749  pro)

 

NEAR SOUTHSIDE

 

Under Construction
  1. -Oleander-322
  2. -Branch-Smith-20
  3. -Hudgins Development-200*
Proposed
  1. -Greenstar Hemphill-220
  2. -Main/Vickery-250
  3. -All Needz building-18
  4. Foremost Dairy site - 272

Total - 1,302 (542 UC, 760 pro)

 
WEST 7TH AND CULTURAL DISTRICT 
 
Under Construction
  1. Alta Left Bank-570

Proposed

  1. Left Bank future phases-1,000-1,500
  2. Museum Place future phases - 200*
  3. Salsa Limon block - 250*

 

Riverside Arts District

 

Under Construction

  1. Parkside-250

Proposed

  1. The Scenic-200*
  2. Criterion Race Street Phase 1 - 156
  3. Criterion Race Street Phase 2 - 200

 

Clearfork/SW FW

 

 

Proposed

  1. Clearfork Expansion- 2,100
  2. Westbend Phase 2 - 200*
  3. Waterside - 800

River District

 

Proposed

  1. Elan River District - 328
  2. The Grove Townhomes - 16
  3. Crystal Springs - 265
  4. Merrit Apartments - 46

 

Panther Island

 

Proposed

  1. Encore Panther Island - 300
     
  2. Total development plans 10,000


#14 Volare

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Posted 18 January 2017 - 09:42 AM

In the RAD, the "Parkside" development has taken "The Scenic" name from the development that was originally going to be at the Smoke Pit area. So I think you may be counting the same development twice. (But check it out and see for yourself, it's a very confusing naming scheme.)



#15 elpingüino

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Posted 18 January 2017 - 09:49 AM

Under southwest, we could add Waterside, which is adding 800 residential units per the developer.



#16 Austin55

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Posted 03 February 2017 - 10:59 AM

I've edited the first post to reflect changes. Instead of posting a new list everytime, I'll just update the 1st post from here on out to keep things simple and easy to track.



#17 Austin55

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Posted 31 March 2017 - 05:04 PM

Updated 3/31/17. 

Removed Pinnacle Bank Place (130) and 400 S. Jennings (217) as they have been completed. 

 

Added Vineyard on Lancaster, 311 Nichols, and Rocklyn Apartments to downtown's proposed. 

 

Interestingly, downtown has crossed 3,000 planned apartments.



#18 Urbndwlr

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Posted 27 April 2017 - 03:52 PM

Austin, sorry if I missed in earlier post but do you know the total existing residential units Downtown today and what the total will be including all under construction or in planning, entitlement, etc?

 

2nd question - do you (or anyone else) know if there is a good map out there that shows residential density (like a heat map)?   Would be really interesting to see it evolve over time.



#19 Austin55

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Posted 27 April 2017 - 03:59 PM

The 2015 State of downtown says 3,452 existing. I didn't see a total number from the 2016 edition.

I'm not aware of a heatmap, but that is something I can maybe look into creating.

#20 Austin55

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Posted 31 May 2017 - 07:07 PM

2nd question - do you (or anyone else) know if there is a good map out there that shows residential density (like a heat map)?   Would be really interesting to see it evolve over time.

 

 

Well this took a little bit to put together, but I did it. Might be missing a few things. It includes all proposed and U/C projects (and recently completed) and the heat is scaled to number of units. 

 

XC73rfC.png

 

The bright red section is the nearly 1,200 units at Left Bank. The River District, Northeast Quadrant of Near Southside along the S. Main corridor, the Rosedale/Magnolia ave Corridor, Lancaster and Samuels Ave all stick out as "hot" areas. 



#21 rriojas71

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Posted 31 May 2017 - 08:30 PM

Left Bank is going to have 12k units?

#22 Austin55

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Posted 31 May 2017 - 08:32 PM

Left Bank is going to have 12k units?

 

1,200, apologies. 



#23 Austin55

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Posted 03 June 2017 - 03:44 PM

2nd question - do you (or anyone else) know if there is a good map out there that shows residential density (like a heat map)?   Would be really interesting to see it evolve over time.

 

Here's my best attempt at this. The gif starts in 1990 and goes in 5-year increments to 2015. Three small issues with it. One, it doesn't show demolished buildings (mostly an issue with the Ripley development) and secondly it makes some projects appear to shrink over time, but that is only due to them relatively smaller compared to newer developments. I'm not sure a way around this.Third, the data is based on the completion date of a final phase of a development. This is mostly an issue with the Lofts at West 7th, since it was built over many years but only shown completed in 2015. There's probably several errors here and there, but I tried to sort out what I could.

 

QIeKPuA.gif



#24 Austin55

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Posted 08 September 2017 - 02:15 PM

First post has been updated to add 901 Commerce (275) though a very preliminary number I felt is was worth the addition. Numbers were updated for a few other projects to be more accurate. I removed the All Needs building (18 units) as I don't believe it will include a residential component anymore.







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