Hotel Redevelopment Plans for this Downtown Historic Building are Underway

November 20,2018

Plans are being made for the redevelopment of XTO Energy’s former office building at 714 Main.

The nearly 100-year-old building sits two blocks from the Convention Center, and 3 blocks from Sundance Square. Development Services Group (DSG) of Memphis has plans to redevelop the building into a 232-room, four-star Kimpton Hotel. Other historic building redevelopment projects completed by DSG include the Candler Hotel in Atlanta, La Meridiens in Tampa and Houston.

DSG has committed to invest a minimum of $56 million by June 30, 2021 and a minimum of 30 full-time employees. They have also promised 10,000 square feet of meeting space, a 3,100 square foot restaurant, and a 3,100 square foot penthouse bar.

Fort Worth City Council approved the office-to-hotel conversion on October 30, 2018. On November 14, 2018, the Tax Increment Finance District (TIF) #3 approved to use of TIF funds for the support of public improvements associated with the development of the hotel. TIF funds totaling $650,000.00 will be used for streetscape, building façade maintenance, utility upgrades, paving, sidewalks, and landscape.