There’s no doubt that the economy isn’t stopping the Trinity River Vision from proceeding. I wonder what this will mean for other long standing projects around town though? Omni had to be up and running before the super bowl, but the also have the edge of virtually out-classing every other hotel in town (with the arguable exception of boutiques). So then, what can we expect from projects like Midtown Urban Village?
Hailed as a potential gateway to the hospital district (near south side), the development should arise from a 10 acre tract of abandonded city property. The idea is to offer retail and lodging at the Forest Park and Rosedale intersection. Slow moving to say the least, Townsite Company purchased the property in April of 2006 from Fort Worth South Inc (FWS got it from the city for $1.3MM).
All in all this project sounds like a great idea. I was a bit surprised not to see any deeded restrictions for future development, but I suppose that would have a been a little bit of a headache. My thought is that if Fort Worth South could somehow influence a buildout along what I would assume to be in keeping with their vision, Midtown may be really unique. Unique tenants, unique culture, unique patrons. They may not have to trouble at all with finding anchor stores, or creating a west 7th feel.
Still, the project isn’t moving quickly and most likely won’t be any time soon. While we don’t really need to further bulk the commercial market locally; I have a “if you build it they will come” feeling about Midtown Village.
