Posted Feb 11, 2016, 1:29 AM
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Join Date: Sep 2011
Location: Dallas
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Exclusive: Provident Realty readies $1B project on former Pate Ranch tract
Candace Carlisle
February 10, 2016
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Dallas-based developer Provident Realty Advisors is prepping a 468-acre tract formerly owned by Fort Worth's Pate family for a $1 billion mixed-use development, which will bring upwards of 1,000 single-family homes to the site along the newly completed Chisholm Trail Parkway.
Along with the single-family homes, Provident Realty plans to develop nearly 200,000 square feet of grocery-anchored retail space and a three-story apartment community with about 325 apartment homes on the tract at the southwest quadrant of Altamesa and Bryant Irvin Road in southwest Fort Worth.
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The $1.4 billion Chisholm Trail Parkway brings this part of Fort Worth from a 30-plus minute drive to downtown Fort Worth to an eight-minute commute to the city's core, he added.
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Construction is expected to begin on the apartments by the end of the year.
The three-story apartment buildings are expected to have an urban design with parking behind the buildings, which gives Tavolo Park's apartments a similar feel to those seen in Uptown or other mixed-use developments.
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