- Larkspur’s Westside Village is a $1.7 billion, 37-acre mixed-use development along Fort Worth’s Trinity River, built out in four phases through 2035.
- Fort Worth is providing up to $80 million in performance-based grants and a new $45 million tax increment financing district to fund project infrastructure.
- The development signals Fort Worth’s push to compete with Austin, Nashville, and Denver for institutional capital as the city climbs into the nation’s top 10 most populous.
Fort Worth developer Larkspur has broken ground on Westside Village, a $1.7 billion mixed-use district that will eventually span roughly 3 million square feet of offices, apartments, hotels, and retail, according to Fort Worth Inc. The 37-acre project runs along the Trinity River just west of downtown and is planned for buildout through 2035.
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Betting on a Neighborhood, Not a Project
Larkspur president Carl Anderson is a former Fortress Investment Group executive. He has led more than $3 billion in acquisitions and development. He says the firm’s 16-year strategy focuses on overlooked urban micro-markets rather than already-priced sites.
Westside Village occupies a former Fort Worth ISD administration building and a stretch of car dealerships at University Drive and Westside Drive. Anderson sees the site as the foundation for a future “Main & Main.”
Anderson holds a master’s degree in real estate finance from NYU. He also spent years in real estate private equity before founding Larkspur. His team planned the streets, open space, and river connections before designing the buildings. The approach treats the public realm as infrastructure rather than landscaping.
Office buildings may draw the headlines, Anderson says. However, residential, hospitality, and retail will keep the district active outside business hours.
“Nobody stands in a great neighborhood and says, ‘What a well-executed mixed-use project.’ They say, ‘Let’s meet on that block,’” Anderson says.
That philosophy also shapes the streetscape. Anderson wants Westside Village to feel “shaded.” Mature tree canopies and views of the Trinity River should encourage people to linger rather than pass through.
The Details
Phase 1 is under construction on the former ISD site. The office component should be ready for tenant buildouts in fall 2027. A 319-unit residential building will follow about a year later. The first phase is slated to open by the end of 2030.
FW Westside RE Investors is developing the site. The partnership includes Fort Worth-based Keystone Group, chaired by Robert Bass, and Larkspur Capital.
Fort Worth agreed to provide up to $80 million in performance-based grants over 15 years. The program will reimburse up to 85% of new city property taxes generated, excluding the multifamily component.
The city also created a new tax increment financing district. It will contribute up to $45 million toward roads, utilities, and stormwater infrastructure. Stormwater remains one of the corridor’s biggest engineering challenges.
Zooming Out
Westside Village arrives as Fort Worth moves into the top 10 most populous U.S. cities. Developers across the metro are also turning to adaptive reuse projects and riverfront sites to add density without greenfield sprawl.
Anderson says Fort Worth’s ability to move quickly on large-scale approvals also helped the project’s economics. He points to Austin as a cautionary contrast. Site-plan reviews there now average nearly a year.
Why It Matters
The project tests whether Fort Worth can support dense, walkable riverfront development. That product is more commonly associated with Austin, Nashville, or Denver.
Mayor Mattie Parker calls Westside Village “catalytic.” The district sits roughly a mile from downtown, the Cultural District, and the Fort Worth Stockyards.
Anderson says national law firms and financial services tenants now expect Fort Worth offices to match larger markets. He attributes that shift to broad population and corporate growth rather than any single relocation or industry.
“When we first started, the honest question was whether Fort Worth could support a project at this scale,” he says. “Today, that’s no longer a question.”
What’s Next
Levee Porch, a restaurant and beer garden from Chimy’s owner Kyle Wright, is set to open along the river in the first quarter of 2027. A Fort Worth outpost of Tailwaters Fly Fishing Co. is also planned.
Larkspur is also planning a dedicated kayak launch. Fort Worth Councilmember Elizabeth Beck originally proposed the idea. The launch will form part of the district’s broader public-realm buildout.
