Tag: larkspur capital

A six-story building with offices, retail space and restaurants will anchor the corner of North University Drive at White Settlement Road (soon to be renamed Westside Drive) as part of the $1.7 billion Westpark Village development.

Documents filed with the city of Fort Worth this week, including artist renderings, describe the design as having a pedestrian-friendly plaza “flanked with restaurant patios, retail storefronts, and lobby entries.” The top floor would be “dedicated to a social club, offering wide views of the Fort Worth skyline from indoor and outdoor dining and social spaces.”

The site is the former location of the Fort Worth ISD administration building.

The project will kickstart in the beginning of 2026 with Phase I, which includes the 100,000-square-foot office building as well as a 308-unit residential building just to the north on University Drive and Shotts Street. The first phase is expected to be complete by 2028.

Led by Dallas-based developer Larkspur Capital and consultant The Keystone Group, the development will take about 15 years to complete in four parts.

It will also result in approximately $45 million in infrastructure improvements, according to the city of Fort Worth . The area, which is near the Trinity River, has historically experienced stormwater and flood problems.

The city invested a $125 million grant package to aid in remedying flood concerns in June. If everything goes to plan, the city expects the project to generate roughly $121 million in new property, hotel and sales taxes, according to the city’s economic development manager, Michael Hennig .

Larkspur’s development is the reason the Fort Worth City Council voted last week to rename a section of White Settlement Road to Westside Drive.

This first phase office space will have retail on the first floor, two restaurants and a private social club, according to Larkspur. It was designed by Austin-based firm Michael Hsu Office of Architecture. According to blueprints, there will be an office building and a restaurant space with outdoor seating, all separated by a garden area.

The apartment building, designed by Dallas-based architecture firm Corgan, will feature a mix of studio, one- and two-bedroom units. The first floor will have retail space and a restaurant on the southeast corner.

The development will have underground parking for a more sophisticated, pedestrian-friendly look, the developers say.

“Fort Worth has always had a rich cultural fabric, rooted in tradition,” said Colt McCoy, a partner at commercial real estate firm HPI, which is leasing the office space. “With Westside Village, the developers are creating a place where the city’s history and character meet forward-thinking design and modern amenities. It is setting the stage for Fort Worth’s next chapter of growth.”