A developer plans to build shops and restaurants at the northeast corner of Fort Worth and Sylvan avenues with a little help from future tax reimbursements.
Susan Gandy, who was an investor in the Belmont Hotel renovation more than 10 years ago, wants to build four retail or restaurant buildings on property she owns across the street from the Belmont.
Gandy already has renovated an existing building on the property, pictured above. It’s a 2,740-square-foot building at 723 Fort Worth Ave. And she has plans to renovate the building pictured below, a 2,480-square-foot building at 727 Fort Worth Ave.
But she also wants to build a complex of five restaurant and retail buildings, totaling a little over 9,000 square feet, on land that currently is vacant. The project, Sylvan Terrace, also would have a 430-square-foot patio on the northern end and an interior surface parking lot. The developer plans to ask the city for TIF funds to help pay for the project, but she hasn’t yet determined how much the ask will be.
“Nothing’s concrete right now,” Gandy says.
Development plans show a two-story building on the corner, then two one-story buildings along Sylvan with rooftop terraces, and then another two-story building with a second-floor patio, all taking advantage of the skyline views.
Dallas-based Architexas is designing Sylvan Terrace.
Developer Oaxaca Interest LLC, which built the Sylvan Thirty complex, has plans to build retail and restaurant buildings on that intersection’s southwest corner.