Fort Worth’s Oil & Gas building to be converted into apartments by Dallas developer
See full Fort Worth Star-Telegram article by Jess Hardin here.
The Oil & Gas building in downtown Fort Worth has sold and will be converted into nearly 200 apartments.
Dallas-based developer Bluelofts Inc. purchased the historic building, which has been used as offices, and plans to develop 180 apartments over the next two years. The first floor will be used as retail space.
The building is on West Seventh Street between Taylor and Throckmorton streets, next to the former Star-Telegram building. It was built in 1954 and is 16 stories tall, with about 166,000 square feet.
The property has been on the market since late 2020 and is the developer’s first property purchase in Fort Worth.
“We love that it’s a historic building and within walking distance of the Convention Center. There’s lots of walking traffic from the Convention Center to Sundance Square,” said John Williams, co-founder of Bluelofts.
The company specializes in converting vacant office space into “dwelling units equipped with lavish lifestyle amenities.” It has projects in Cleveland, Atlanta and Dallas, where it developed the Chatelet by Bluelofts events venue in a former church near the Bishop Arts District.
The Oil & Gas building project is one of several in the pipeline that would add thousands of residents to downtown Fort Worth, including:
- A 12-story, 408-unit apartment building at 1000 Jones St., across from Central Station.
- The 27-story Deco 969, a mixed used apartment building going up at 969 Commerce St.
- A 12-story apartment building at 1000 W. Weatherford St.
- A 16-story mixed-used building at the northwest corner of Seventh and Henderson streets.
- A 10-story mixed-use apartment development south of the city’s Holly Water Treatment Plant at 1500 11th Ave.