Royal Capital Group’s Vision for Historic Fort Worth

Royal Capital Group has updated its plans for a mixed-use development in Fort Worth’s Historic Southside.

The Milwaukee-based developer’s latest vision for Evans and Rosedale Urban Village include stacked flats, townhomes and senior housing, totaling 184 units, the Dallas Business Journal reported.

The site, located along West Rosedale Avenue, also calls for retail space and 250 parking spots.

The Evans and Rosedale Urban Village project is part of a broader effort to revitalize Fort Worth’s Historic Southside, a historically Black neighborhood with deep cultural significance.

“We want something that speaks to the history of the community, has a respect for the overall dynamics of what the community is right now and what it used to be,” said Kevin Newell, founder and CEO at Royal Capital Group.

The broader $50 million project is slated for hundreds of apartments and 27,000 square feet of commercial space less than five minutes from Downtown Fort Worth

The City of Fort Worth selected Royal Capital in August after parting ways with Dallas-based Hoque Global due to delays. Economic development director Robert Sturns described Royal Capital’s approach as efficient and thorough.

“They’re on time; they’re on point; they know what they’re talking about,” he said.

Royal Capital anticipates finalizing development agreements and obtaining city approvals this quarter. Key partners include the Fort Worth City Council, the Local Development Corporation, and Housing and Finance Corporation, as well as Tax Increment Financing District 4.

The City of Fort Worth has allocated $4.5 million toward the redevelopment, with additional support expected from tax abatements and funds from the Southside neighborhood TIF.

Construction could begin as soon as early 2026, contingent on approvals.

— Andrew Terrell