$71M Apartment Project Breaks Ground Near Fort Worth Stockyards
The Exchange will bring 296 affordable units to Stockyards North as surrounding development continues despite a stalled $1B expansion.
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Good morning. While legal battles stall a $1B redevelopment, the Stockyards are still growing. A $71M affordable housing project is helping reshape the district one apartment at a time.
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Residential Momentum
$71M Apartment Project Breaks Ground Near Fort Worth Stockyards
Source: Wikipedia
A new affordable housing development is moving forward near Fort Worth’s historic Stockyards, adding momentum to the area’s broader mixed-use transformation despite delays surrounding a larger redevelopment plan.
The Exchange breaks ground: Oldham Goodwin Group and Fort Worth Housing Solutions have started construction on The Exchange, a $71M, 296-unit affordable apartment community north of the Stockyards. The project will include studio to three-bedroom units, along with amenities such as a pool, clubhouse, and dog park.
A new residential anchor: The Exchange is part of the 14.6-acre Stockyards North development, which is planned to bring a Home2Suites by Hilton hotel, retail, and dining options. The project aims to create a more walkable and affordable district while expanding Fort Worth Housing Solutions’ presence in the area.
Stockyards expansion faces uncertainty: The project moves forward as the Stockyards’ planned $1B second-phase redevelopment remains delayed by a legal dispute involving Craig Cavileer and Majestic Realty’s Reon Roski. The expansion had included additional commercial space, hotels, apartments, and parking facilities.
Demand continues to grow: Despite the uncertainty, development activity around the Stockyards remains active. Population growth within five miles of The Exchange is expected to exceed 6%, supporting continued demand for housing, retail, and infrastructure improvements.
Infrastructure investments follow: The Franklin family, owners of M.L. Leddy's is planning a $14M parking garage to help address congestion and parking challenges as more visitors and residents come to the district.
Affordable housing gains momentum: The Exchange reflects a broader trend of adding housing options near major entertainment and employment hubs, where demand for accessible residential communities continues to rise.
➥ THE TAKEAWAY
Stockyards development keeps moving: While the district’s biggest redevelopment plans remain uncertain, smaller projects like The Exchange show that investment is still flowing into the Stockyards. The combination of housing, hospitality, and infrastructure improvements is helping shape the area’s next phase of growth.
Around Texas
➥ Trevato Development Group broke ground on a $120M, 415-unit mixed-income community in Jacksonville Beach, marking a major milestone as it accelerates its Southeast expansion strategy.
➥ Mitsubishi Motors will import more vehicles through Port Freeport to shorten transportation routes, speed deliveries to Gulf Coast and Midwest dealers, and strengthen its U.S. distribution network.
➥ Austin apartment rents rose 1.3% in Q2 2026—the first quarterly increase since 2022—signaling the market may be stabilizing after years of record supply and steep rent declines.
➥ Terrell is rapidly emerging as a major retail and employment hub east of Dallas, fueled by large-scale development, new logistics investment, and a $3B master-planned community.
➥ San Antonio’s long-delayed Aztec Hotel is set to open in late August, bringing a 77-room Marriott-branded boutique hotel, rooftop dining, and a speakeasy to the historic River Walk property.
➥ EōS Fitness has leased 40,000 SF at Dudley Sports Plaza in The Woodlands, where it will anchor the mixed-use sports destination alongside other entertainment tenants beginning next year.
➥ The Clara Hotel has opened in Plano after a full renovation, transforming the former NYLO property into a 176-room Hilton Tapestry Collection hotel with new dining, event spaces, and upgraded amenities.
➥ AllianceTexas opened two major manufacturing facilities from MTU Maintenance and Foxlink Group, creating 2,100 jobs and strengthening its position as a global industrial hub.
Follow the Money
| INDUSTRIALSEGUIN Lovett Industrial and NewQuest are developing a 2M SF industrial campus in Seguin, expanding manufacturing and logistics as South Texas attracts new investment. |
| MULTIFAMILYDALLAS Endeavor Real Estate secured financing for The Lucille, a 265-unit luxury apartment tower in Uptown Dallas, with construction scheduled to begin this summer. |
| INDUSTRIALSAN ANTONIO Andover Properties acquired the 134,500 SF Rail Drive Commerce Center in San Antonio, adding a newly completed industrial flex property to its portfolio. |
| MANUFACTURINGNORTHLAKEConstruction has begun on MP Materials’ $1.25B rare earth magnet factory in Northlake, a project expected to create more than 1,500 jobs and strengthen U.S. critical mineral manufacturing. |
| LEGALFRISCO A Texas jury ordered two Frisco developers to pay more than $400M after finding they defrauded a Georgetown business in a failed luxury waterfront development scheme. |
| LOGISTICSTERRELL Amazon plans to build a $98M, 1.2M SF distribution center in Terrell, expanding its North Texas logistics network and creating additional regional distribution capacity. |
📈 CHART OF THE WEEK
Houston’s infill industrial market is facing its highest vacancy in 20 years as new supply impacts fundamentals, while investor demand remains resilient. The chart highlights this contrast between rising availability and continued market confidence.
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