Property Type: Multifamily
Part of an investment with 3L, this office-to-multifamily conversion project centers on the Oncor Building – a historic property at 7th and Main St in downtown Fort Worth, Texas. While over 80% of the building has been leased as business space for the past few decades, the changing office landscape and remote work movement has left the property a perfect candidate for a residential conversion.
Downtown Fort Worth is going through its own revitalization as well, with redevelopment happening everywhere. Adding over 300 new units to this area can cater to young adults, workers, and others who want to be in the heart of the downtown action and avoid the commute. Unit styles will vary from traditional studios through 2 bedroom styles, with possible penthouse options. Amenities will include a pool, package receiving, elevator access and discounted garage parking arrangements with partner across the street.