Nebraska-based Goldenrod Companies has started construction on a major mixed-use project in Fort Worth after several months of negotiations over development agreements and infrastructure schedules. The ceremonial groundbreaking for the Van Zandt, located at 2816 West Seventh Street, was held last week by Goldenrod and general contractor OLINE Construction.
The Van Zandt is an eight-story building that will feature 226 apartments, 100,000 square feet of office space, and 13,000 square feet of retail. This project is part of Goldenrod’s $400 million investment in Fort Worth’s Cultural District. Another project under this plan, One University at 3001 Morton Street, is expected to break ground soon. It will include 115,000 square feet of offices, 242 apartments, and a 176-key Autograph Collection hotel called The Tycoon.
Zach Wiegert, managing principal at Goldenrod, stated that work on One University could begin about four months after the Van Zandt. He added that construction on the Van Zandt should take about 20 months.
Fort Worth City Council may provide up to $11.17 million in grants for the Van Zandt and up to $19.65 million for One University. According to the terms set out by the city council, Goldenrod must complete the Van Zandt and secure a certificate of occupancy by the end of 2026; One University must meet similar requirements by the end of 2027.
These projects are part of a broader increase in commercial development in Fort Worth. More than 400,000 square feet of new office space are expected as other developments move forward. JP Morgan Chase will anchor another building at Crescent Fort Worth while Larkspur Capital and Keystone Group are planning a first phase for an estimated $1.7 billion mixed-use development starting next year.
Fort Worth Mayor Mattie Parker commented on the significance of such investments: “Companies like Goldenrod are needed to reinvest in class A offices in the corridor to reinvigorate it.” Wiegert noted that financial sector companies have shown interest in leasing space at the Van Zandt and expects tenant announcements soon.
