Fueling the economic revival of Fort Worth's Historic Southside, the Evans & Rosedale project secured the green light with Fort Worth City Councilmembers voting to sell 36 land lots to Royal Capital, the project's master developer. According to a report from the City of Fort Worth, the move follows a flourishing year punctuated by intensive planning and community consultation. The project, primed to break ground before 2026's end, promises a mixed-use development featuring affordable housing and a variety of commercial spaces, an endeavor set to infuse the neighborhood with vitality long desired.
Blazing through the development process after being named the master developer last August, Royal Capital dived into Fort Worth's Historic Southside scene, conducting community meetings and collecting over 100 resident responses, which influenced the project plans shared in December 2024.
Plans for Evans & Rosedale are ambitious. They call for a minimum of 170 affordable residential units complemented by 15,700 square feet of commercial real estate earmarked for local businesses and potentially a food hall or grocery to introduce diverse retail options just a stone's throw from downtown Fort Worth. Assistant City Manager Jesica McEachern enthused the project's alignment with neighborhood priorities, including retaining the area's cultural heritage while fostering essential amenities and green spaces.
Royal Capital's hefty $61 million investment agenda elevates the stakes with hard commitments like utilizing business equity firms for at least 15% of construction costs, forging a path to hire locals, and drafting a comprehensive security plan for the site, their efforts reciprocated by the City's robust support package which encompasses $2.5 million in grants, tax-based incentives, and a land sale at a nominal cost, crafting a public-private blueprint intent on energizing southeast Fort Worth's emerging market. The City's generous incentive package, weighing nearly $19.7 million, underscores its commitment to revitalizing the Historic Southside.
