Condos Coming to Fort Worth's Near Southside

Posted by Stiles Mund Group on Thursday, November 8th, 2007 at 7:00am.

If you've visited the restaurants on Magnolia Avenue, or driven down Rosedale, lately you know things are changing in the Near Southside (Fort Worth South). Not only are the hospitals expanding and improving, but there are more dining, shopping and living options then yesterday. I know many people have driven down Magnolia in recent months and seen the large sign at Magnolia and Henderson for a development including several thousand feet of retail/commercial space as well as even more "condo" style living on upper floors.
PD Development is planning a 5-story
structure on the site with underground parking, first floor retail/commercial space and condos on floors two through five. PD is still in the conceptual phases but hopes to have renderings by the first of next year. The building will feature architecture consistent with the historic neighborhood. In addition, there are talks of allowing early purchasers to purchase a "white box" and select their own contractor and finishing. Something that is rarely available in the Fort Worth market today.
The condos will range in size from around 1,000 to 2,000 square feet. Price points are currently targeted at around $165/square foot. This is a first for the area. Buyers will be able to purchase a condo with a view to the North, South, East or West and not spend over $165,000! New town homes in the medical district are all larger, nearly 2,000 square feet and up, with prices over $300,000 for remaining inventory.
Excited!? Don't run to the bank just yet. Pre sales will likely not begin before the fall of 2008 and final completion of the building is currently estimated at fall of 2009. For now there are three town home projects on the ground and one new project, Oleander Place turning ground as I write.
I'll keep you posted...
I would greatly appreciate your feedback

2 Responses to "Condos Coming to Fort Worth's Near Southside"

Betsy Senter wrote: Great job, Chris!! Very informative!

Posted on Friday, November 9th, 2007 at 2:16pm.

Connie Davis wrote: Great information, nice to know what is happening around town. Thanks, Connie

Posted on Tuesday, December 11th, 2007 at 11:19am.

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