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Business Six-story hotel headed for Fort Worth’s Museum Place?

Six-story hotel headed for Fort Worth’s Museum Place?

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

  Rendering of possible hotel in Museum Place.  Courtesy of BOKA Powell. BOKA is working with TLC Urban on the proposed project.          A. Lee Graham Reporter   A six-story hotel reportedly part of the next Museum Place expansion promises to fill what some developers call a growing need.   “I think it’s overdue,” said Eric Walsh, a principal with HGC Commercial. “We’ve got some of the best museums in the country, and we want people to come visit. You have to have a place for people to stay.”   To that end, TLC Urban LLC of Fort Worth reportedly plans a 156-room facility as part of the next addition for Museum Place, whose 12 acres offer office, retail and residential uses at West Seventh Street and University Drive.   Though Tony Landrum, principal at TLC, was not available for comment, the Fort Worth Star-Telegram named Gatehouse Capital of Dallas as possibly heading up the project, with construction beginning next year.   Several overnight-lodging options have opened nearby in recent years, including Fairfield Inn & Suites by Marriott along University Drive and Hilton Garden Center Fort Worth Medical Center along Forest Park Boulevard just south of Interstate 30, but nothing near the museum district.   The prospect of a new hotel draws no concern from the Dallas executive developing property between the Trinity River and West Seventh Street’s Montgomery Plaza just east of Museum Place and just north of the West Seventh development east of University Drive.   “We’ve got one of the best pieces of property in the state,” said West Miller, principal with Centergy Retail LLC of Dallas, which purchased the 27-plus acres from Chesapeake Land Development Co. LLC earlier this year.   The mixed-use property is focused on hotel, office, retail and residential uses. It stretches from West Seventh Street on the south to Kansas Street on the north, and from the railroad tracks on the west to the river on the east.   Though no hotel has been announced, Miller said that likely will change.   “We’re going to pick and choose,” Miller said of what hotel or hotels could one day appear at the location.   A Fort Worth developer who requested anonymity described a new Museum Place hotel as overdue and needed to serve museum and Fort Worth Stock Show & Rodeo visitors from out of town.   “With the stock show and when they open the [Renzo Piano-designed expansion of the Kimbell Art Museum], you’ll have people from around the world. Now’s a good time [for a new hotel], and people are really anxious,” the developer said.   lgraham@bizpress.net    

 

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