The long-sought Cultural District hotel project may have finally found the right mix.
Fort Worth-based Crescent Real Estate LLC has announced plans for a major mixed-use development in Fort Worth’s Cultural District. The project will include a premier boutique hotel with a chef-driven restaurant, luxury residential, and a Class A office building, which will be home to Crescent Real Estate, Goff Capital Inc., Contango Oil & Gas, and Canyon Ranch. The Goff-affiliated companies will bring about 140 workers to the area.
“We are excited to bring a first-class mixed-use project to the Cultural District,” said John Goff, Chairman of Crescent. “The Crescent brand is known around the country for our luxury hotel, office, and residential properties. Now, for the first time, we are coming home. I’ve lived in Fort Worth since 1981. We are going to build the finest hotel in the city that we hope will become the living room of Fort Worth. We can’t wait to bring the Crescent brand to Fort Worth in a major way.”
The $242 million project will be located at the corner of Camp Bowie and Van Cliburn, adjacent to the city’s storied museums, Dickies Arena and Will Rogers Coliseum. Groundbreaking is scheduled to take place in summer 2021, and the project will open mid-2023.
The project will include:
• A 200-room luxury boutique hotel including a restaurant, a rooftop lounge, and 8,000 square feet of ballroom/meeting space; it will also feature a landscaped courtyard that will host outdoor dining, events and social activities.
• 160,000 square feet of Class A office space offering businesses the chance to office within the Cultural District;
• The headquarters for Crescent Real Estate, Goff Capital Inc., Contango Oil & Gas, and Canyon Ranch.
• 175 luxury residential units.
- OZ Architecture is the designer of the project. Goff has worked with OZ previously on several projects. Interior designs are by Lauren Rottet of Houston.
- The 4,500-square-foot restaurant will be led by Dean Fearing, who was executive chef at Dallas’ The Mansion on Turtle Creek until leaving in 2007 to open his own restaurant, Fearing’s, in the Dallas Ritz-Carlton, which is owned by Goff.
The Fort Worth City Council is expected to vote on an economic development package for the project in March.