Fort Worth is moving forward with the next phase of redevelopment for Panther Island, focusing on increasing density and adding a canal network to the area north of downtown. The Tarrant Regional Water District (TRWD) has issued a request for qualifications, seeking a private developer to help boost commercial activity on more than 30 acres of land. This figure could grow after the U.S. Army Corps of Engineers completes $443 million in bypass channel construction and removes existing levees over the next decade.
On October 21, the Fort Worth City Council unanimously approved rezoning 15.4 acres between North Commerce Street and the future Ring Road. The new zoning requires buildings to be at least five stories and no more than 15 stories tall. In 2024, the council had already raised height limits to 20 stories along parts of North Main Street.
TRWD is preparing to begin work on the next section of Panther Island’s canal network. The $50 million project will include canals, walkways, and park improvements across six acres, with construction expected to start in mid-2026. Developers interested in the project must submit their interest by November 7, with applications due November 26. A partner could be selected in spring 2026.
Susan Alanis, TRWD’s Panther Island program director, said, “The community has been waiting on this for a long time, and it’s going to be a unique waterfront, trail-connected neighborhood… neatly between the Stockyards, the Cultural District and downtown.”
In addition, Tarrant County College plans to list the historic TXU power plant on the island for sale. The eight-acre site features a 100-year-old brick structure and will be available starting October 23, with bids due November 20. Preservationists have expressed concern about the future of the landmark building, but it could become a key redevelopment at Panther Island’s southern edge.
The last major addition to Panther Island was the 300-unit Encore apartments in 2018.
