Oldham Goodwin Group and Fort Worth Housing Solutions broke ground on The Exchange, a $71 million, 296-unit affordable apartment complex north of Fort Worth’s historic Stockyards.
The apartments are a small slice of a 14.6-acre mixed-use development from Oldham Goodwin aimed at enhancing the Stockyards. The apartment complex features affordable units in partnership with Fort Worth Housing Solutions, and is slated to be the residential portion of the wider development. Amenities include a pool, clubhouse and a dog park. The apartment sizes begin at studio sizes and scale to three-bedroom units, according to the Dallas Business Journal.
Stockyards North, which will hold the Exchange, is also planning a Home2Suites by Hilton hotel, retail and various forms of dining. The wider development is aimed at creating a walkable, affordable district that the publication says is the Fort Worth Housing Solution’s first entry into the area surrounding the historic district. The apartment complex is being built at the corner of North Main and 29th streets, according to the outlet.
The Exchange breaks ground at a time when a wider, $1 billion second-phase renovation of Fort Worth’s prized attraction is mired in a legal dispute. The first phase was successful at preserving the site’s heritage while introducing more modern elements, like dining and retail.
The dispute between Craig Cavileer, the renovation’s visionary, and new head of California-based Majestic Realty Reon Roski has paused initial plans for 300,000 more square feet of commercial space, multiple 500-key hotels, a separate 295-unit apartment complex and two underground parking garages.
While the wider renovation is stalled with the legal standoff, other developers are continuing to push projects around the Stockyards forward. The population within around five miles of the Exchange’s apartment complex is expected to grow upwards of 6 percent, according to the outlet. The Franklin family, who own bootmaker M.L. Leddy’s, are working to add a $14 million, four-story parking garage to ease parking pressure at the site.
— Hunter Cooke
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