Nebraska-based Goldenrod Companies has started construction on the Van Zandt, a mixed-use high-rise in Fort Worth’s Cultural District. The project, located at 2816 West Seventh Street, is being built by general contractor OLINE Construction. The eight-story building will feature 226 apartments, 100,000 square feet of office space, and 13,000 square feet of retail.
This development is part of Goldenrod’s $400 million investment in the area. The company also plans to begin work soon on One University at 3001 Morton Street. That project will include 115,000 square feet of offices, 242 apartments, and a 176-key Autograph Collection hotel called The Tycoon.
Zach Wiegert, managing principal at Goldenrod, said that construction on One University could start about four months after the Van Zandt. He estimated that building the Van Zandt would take about 20 months.
The Fort Worth City Council may provide grants up to $11.17 million for the Van Zandt and up to $19.65 million for One University if certain conditions are met. Goldenrod must complete both projects and obtain certificates of occupancy by the end of 2026 for the Van Zandt and by the end of 2027 for One University.
These projects are among several large investments in Fort Worth expected to bring more than 400,000 square feet of new office space to market. Other developments include JP Morgan Chase anchoring a second building at Crescent Fort Worth and Larkspur Capital with Keystone Group starting an estimated $1.7 billion mixed-use project next year (https://therealdeal.com/texas/fort-worth/2024/05/23/bass-larkspur-investing-850m-in-fort-worth-cultural-district/).
Fort Worth Mayor Mattie Parker commented on the need for companies like Goldenrod to invest in class A office spaces in order to revitalize the corridor: “Companies like Goldenrod are needed to reinvest in class A offices in the corridor to reinvigorate it.” Wiegert added that financial sector firms have shown interest in leasing space at the Van Zandt: “Financial sector companies have expressed interest in the Van Zandt,” he said, adding that tenant announcements are expected soon.
