Panther Island redo key to Fort Worth
August 7,2023
See full The Real Deal article by TRD Staff here.
Decades of persistent community efforts are finally bearing fruit as the ambitious development of Panther Island in Fort Worth inches closer to reality.
Envisioned as a sprawling mixed-use district, with investments exceeding $1.1 billion, the area could be positioned to attract corporations, elevating Fort Worth’s economic landscape. Guiding the development is consulting firm HR&A Advisors, which came up with a vision for a first phase of development, the Dallas Business Journal reported.
The initiative seeks to breathe life into Panther Island, a 500-acre expanse of public and private land in the city’s heart. Development here would connect downtown Fort Worth to its neighboring districts.
The project’s inception dates back to the mid-20th century when devastating floods prompted vital infrastructure improvements along the Trinity.
The U.S. Army Corps of Engineers recently secured $403 million to aid flood control, opening up Panther Island to development. This overlooked and polluted industrial stretch could be transformed into a vibrant residential hub with ample green spaces.
HR&A Advisors’ comprehensive vision focuses on mixed-use development and the establishment of a lively entertainment district. It advocates density and a diversity of building types, appealing to pedestrians and office commuters alike.
Panther Island’s transformation hinges on substantial infrastructure improvements, for which funding remains uncertain. As the fall approaches, HR&A Advisors and community stakeholders are gearing up to refresh the strategic vision.
Location Mentioned: Panther Island Pavilion