A new $1.1 billion mixed-use development, North City, is planned in North Fort Worth by Steve McKeever. Additionally, a new master-planned development, Powder Creek Ranch, is coming to Bonham. The developments include apartments, pickleball venues, retail and residential areas.
The primary election is one month away. Check out our voter guide to see candidate profiles, recommendations and build your sample ballotA solo developer has dreams for a $1.1 billion development in north Fort Worth .
Thousands of apartments and a new pickleball venue are just the start of North City, a more than 300-acre mixed-use development planned by Steve McKeever. Miami-based Resia is working on 464 apartments on eight acres at the site. Carrollton-based Cross Developer is working with McKeever on a 233-unit complex with plans for roughly 600 apartments.McKeever recently opened a 16-court pickleball complex, City Pickle USA. The club includes a full gym, sports bar, sauna, cold plunge and more. Already opened at the development are major retail tenants including Carvana, Living Spaces, Andretti Indoor Karting and the popular Kura Revolving Sushi Bar.McKeever owns 341 acres split by U.S. Highway 287, and he estimates the development could be worth $1.1 billion. The parcels are near high-growth areas. North City is close to AllianceTexas, developer Hillwood’s 27,000-acre master-planned, mixed-use development, which has generated an estimated $130 billion in regional economic impact over the past 35 years. The goal, McKeever said, is to create the walkable, pedestrian-friendly entertainment development that north Fort Worth doesn’t have.“North Fort Worth is missing the place ...where couples can find something to do without thinking about it,” he said.Sanchez and Associates is leading the Powder Creek Ranch project, a 400-acre, mixed-use development that will include thousands of homes near the intersection of Sam Rayburn Highway and State Highway 56 in southwest Bonham. It’s the city’s first master-planned development, and it will be built across seven phases through 2035. The development will include 3,000 homes, featuring a mix of single-family residences, townhomes, build-to-rent units and apartments. Phase one will cover 73 acres. It will include 205 apartments as well as a mix of single-family homes, build-to-rent and apartments. Homes are expected to be priced between $250,000 to $450,000.Powder Creek Ranch sits 40 minutes from McKinney and 30 minutes from both Sherman and Paris.The Arlington-based company is developing Asher Oaks, a 78-lot residential development on 27 acres. Construction is scheduled to begin in late February, with the first home closings expected in May and all lots completed by 2028. Homes are expected to be priced from the mid- to high $200,000s. There are six single- and two-story floor plans ranging from 1,192 to 1,917 square feet.Asher Oaks homes will offer three to five bedrooms, two to two-and-a-half bathrooms, open-concept layouts and two-car garages.“I would love to capture some of the ancillary off of the semiconductor industry in Grayson County in Collin County,” said William Myers, executive director of the Bonham Economic Development Corporation.Fort Worth-based construction company Hansen and developer 3L Real Estate will start converting the former Oncor building in downtown Fort Worth into apartments.Work is expected to begin in the next 30 to 60 days. The project, dubbed 115 W. Seventh Street after its address, will see the 300,000-square-foot building become 330 apartments. The 16-story property will feature studio, one- and two-bedroom units. The mixed-use property includes existing ground-floor retail and dining, such as The Capital Grille, Little Red Wasp and a PlainsCapital Bank branch. The building’s mid-century facade will be preserved. Originally constructed in 1952, the property was designated a historic and cultural landmark in 2024. The property served as the headquarters for the Fort Worth National Bank and was once the largest commercial building in the city’s downtown.Fort Worth’s Tax Increment Finance Zone No. 8 approved $4 million in infrastructure reimbursements. As a result, 20% of the building’s 330 units must maintain below-market rents for 10 years. Hansen and 3L previously partnered on similar adaptive reuse projects. The pair converted 501 Elm Street in downtown Dallas from office to apartments.Nick Wooten Nick is a real estate reporter for the Dallas Morning News. He previously worked as a digital investigative reporter at 11Alive, Atlanta's NBC affiliate. He's produced award-winning state politics coverage and feature reporting at Georgia newspapers. Nick is a graduate of Mercer University in Macon, Georgia.
Real Estate Development Mixed-Use Development Fort Worth Bonham Pickleball
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