Fort Worth's Bold New Vision: A Fresh Start for the Historic Southside Redevelopment

Fort Worth is taking a decisive step forward in its ambitious plans for the Historic Southside. After a tumultuous eight months, the city has selected a new master developer for the Evans and Rosedale urban village project, reigniting hope and excitement in the community. Royal Capital, a Milwaukee-based firm, has been entrusted with this significant redevelopment after a rigorous selection process that involved reviewing 11 proposals.

The Selection Process: Why Royal Capital Stood Out

City officials announced Royal Capital's selection after an extensive search that began in March. The firm was chosen for its:

• Creative Thinking: Innovative approaches to urban development.
• Business Equity Practices: Commitment to fostering equitable business opportunities.
• Financing Expertise: Proven track record in securing funds for challenging projects.

Kevin Newell, Royal Capital’s founder and CEO, expressed optimism about the project, stating, “We believe our core principles of candid, thoughtful, and agile development will lead to a vibrant community investment.”

Learning from the Past: Lessons from Hoque Global

The decision comes on the heels of the city's termination of its contract with the previous developer, Hoque Global, which faced challenges in financing and attracting minority subcontractors as per the city's requirements. Hoque Global had ambitious plans for a $70 million mixed-use development but failed to meet essential deadlines, leading to widespread disappointment among local residents.

Community Engagement: A Key Priority Moving Forward

Fort Worth officials have emphasized the importance of community input in shaping the redevelopment project. A city spokesperson confirmed that Royal Capital will work closely with the Historic Southside community throughout the year to refine the project details. Mayor Mattie Parker reassured residents that their voices would be integral to the planning process.

“It’s important that the community has a chance to provide their input, which will help inform the contract terms,” the city stated in a press release.

A Historic Neighborhood Poised for Transformation

The Evans and Rosedale area has long been a cornerstone of Black commerce in Fort Worth, home to iconic establishments like Mount Zion Baptist Church and the Tarrant County NAACP. The redevelopment aims to honor this rich legacy while revitalizing the community and stimulating economic growth.

Looking Ahead: What’s Next for the Project?

As Fort Worth embarks on this new chapter, the city plans to organize community feedback sessions where residents can meet the development team, voice their concerns, and offer suggestions. The first briefing for the Fort Worth Local Development Corporation regarding the project is scheduled for September 24, setting the stage for a collaborative approach to revitalization.

What Do You Think?

• Will this new development truly benefit the Historic Southside community?
• What are your thoughts on the city's decision to select Royal Capital over other applicants?
• How can community members ensure their voices are heard in this redevelopment process?
• Is the timeline for this project realistic given past delays?
• What potential risks do you see in this new development strategy?