 |
| Rendering of first phase of Northwest Village, a to-be-built Class A multifamily project located in Northern Fort Worth, near the master-planned Alliance,TX community |
CHARLOTTE, NC – JLL Capital Markets has secured senior and mezzanine financing for the development of the first phase of Northwest Village, a to-be-built Class A multifamily project located in Northern Fort Worth, near the master-planned AllianceTexas community.
JLL represented the borrower. The terms are
confidential.
Northwest Village,
developed by Woodfield Development, will feature 455 luxury apartments and town
homes including 238 one-bedroom, 194 two-bedroom and 23 three-bedroom units
with an average unit size of 974 square feet.
 |
| Travis Anderson |
The development will offer top-of-the-line amenities, such as a large coworking space with private conference rooms and individual offices, a state-of-the-art fitness center with group fitness and yoga rooms, a two-story sky lounge, a game room with golf simulator and indoor putting green, two unique pools and outdoor lounge areas for relaxation.
The first apartments are
slated for turnover in early 2026.
Northwest Village is just
the beginning of a larger community development plan. Alongside the 15-acre
multifamily parcel, the project will also include an additional 15 acres of
commercial/retail space, a 17-acre town home community and a two-acre public
park.
Strategically positioned
at the NWC of Hwy 114 & Roaring River Road, Northwest Village benefits from
its proximity to AllianceTexas, the impressive 27,000-acre master-planned
community that is home to 559 companies, offering a wide range of shopping,
dining and entertainment options across its four million square feet of space.
Additionally, the area boasts over 63,000 jobs, contributing to
the rapid expansion of Fort Worth as the fastest-growing large city in the
nation.
JLL’s Debt Advisory team was led by Senior Managing
Director Travis Anderson and Managing Director Cory Fowler.
"The demand drivers in the thriving North Fort
Worth submarket have consistently resulted in strong leasing activity,"
said Fowler. "With this sustained growth in demand drivers, exceptional
liveability and a robust high-income job market, we anticipate strong and
continued demand for the area in the foreseeable future."
Cory Fowler
.For more news, videos and research resources, please visit JLL’s newsroom.
CONTACT:
Grace Lewis
PR,
Capital Markets
JLL
2401
Cedar Springs Rd.
Dallas,
Texas 75201
M
+1 903 520 3478