CRE Briefs: Downtown Fort Worth is in the Middle of a Hotel Development Boom
See full D Magazine article by Bianca R. Montes here.
Ahead of a long-time proposal to expand the Fort Worth Convention Center by 2026, and thanks to strong market fundamentals over the last five years, a JLL Snapshot reports that over 500,000 square-feet of former office space is contributing to downtown Fort Worth hotel growth. The 16-story, 252 room AC Hotel, scheduled to deliver in 2020, will be the largest new construction hotel in downtown since the 614-room Omni Hotel opened in 2009–729 more rooms have delivered over the following decade, approximately the same number of rooms are currently under construction.
Development hasn’t only been limited to new construction as over 500,000 square feet of former office space will have been converted for hospitality projects by 2021 across four properties, three of which are listed on the National Register of Historic Places.
Click here to view an interactive report and read more.