Goldenrod plans mixed-use “Mullet”

Nebraska-based Goldenrod Companies plans to build a mixed-use project dubbed the Mullet in Fort Worth, the Dallas Business Journal reports. The development is slated to rise nine or 10 stories in the Cultural District on University Drive near the Modern Art Museum. 

The Mullet will have 125,000 square feet of office space, 260 apartments and a 170-key hotel. Goldenrod also plans 30,000 square feet of restaurant and retail space at the project. 

Some details of the plans are still being ironed out, but construction is expected to wrap up by the second half of 2025. Goldenrod is developing the Mullet on roughly three acres. 

Goldenrod is also building the Van Zandt on West 7th, another mixed-use project. That development has office and multifamily components, and will be built on an assemblage that continued to grow even after the project was already announced. The firm, which has $4 billion in assets under management, continued acquiring adjacent parcels to boost the project density.

“Everything costs so much now that you have to have the density to justify the costs,” Brandon Schubert, head of acquisitions for Goldenrod, told the Business Journal. 

The Mullet’s name comes from its situation between museums in front of the parcel and bars behind it: business in the front, party in the back. 

Fort Worth has continued to grow as the DFW metroplex has the most active multifamily construction pipeline in the country. Last week, LIV Development announced plans to build a 357-unit project on the southside of Fort Worth. 

— Joe Lovinger