Near Southside Hotel Groundbreaking

Tuesday, March 20, 2018

Dolabi Family Partnership and Bond Partners are pleased to announce the groundbreaking of a new hotel and residential property in Fort Worth’s Historic Near Southside District.  The new mixed-use project will feature a 138 room boutique hotel, 17 extended stay suites, a signature restaurant and bar along Magnolia Avenue, a rooftop lounge and events space, 15 condominiums, a park and a 409 space parking garage.  The hotel, which will be independently operated, is currently scheduled for a late 2019 completion. 

“This project represents the next stage of Magnolia Avenue’s regeneration and builds on the enormous progress that has been made there since the early 90’s” said Architect Michael Bennett.  “This will be a hotel like none other currently in the Fort Worth market and will showcase all that the Near Southside has to offer.”

The project’s location, on the corner of Magnolia Avenue and South Henderson Street, is in the heart of the eclectic Near Southside and a short walk away from the numerous independent restaurants and bars situated along Magnolia Avenue.  The hotel is also a short drive away from Fort Worth’s burgeoning medical district, TCU, Dickies Arena, the world-renowned Cultural District, downtown Fort Worth’s business and entertainment district and the Fort Worth Convention Center. 

 

Project Facts:

East Block

  • 138 luxury hotel rooms, including a three room premium penthouse suite
  • 17 extended stay suites along Oleander Street, serviced and managed by the hotel
  • 167,000 square foot, 4-star luxury boutique hotel
  • Brasserie style restaurant and bar facing Magnolia
  • Courtyard between hotel lobby and restaurant, with restaurant and bar service.
  • Rooftop lounge and events space
  • 3600 square feet of flexible ground level meeting and conference space with outdoor pre-function courtyard
  • 160 full time jobs
  • $1MM Estimated Annual Hotel Occupancy Tax
  • $25MM Annual Economic Impact

West Block

  • 15 luxury condominiums, 51,000 square feet
  • 409 space parking garage, including 150 public spaces
  • Publicly accessible park

Development Team

  • Dolabi Family Partnership, General Partner
  • Bond Partners, Hotel Developer and Operator
  • Bennett Benner Partners, Architects + Planners
  • Balfour Beatty, General Contractor
  • Dunaway, Civil Engineer
  • Hocker Design, Landscape Architects
  • JonesBaker and Roundtable Design, Interior Design
  • LAFP, Structural Engineer
  • JJA, Mechanical, Electrical & Plumbing Engineer
  • Lang Lighting, Lighting Design