FORT WORTH, TX - Woodfield Development, one of the nation’s top 20 developers of Class A multifamily communities, announced it has broken ground and commenced construction on Northwest Village, a $101 million residential community in northern Fort Worth. On the heels of its explosive growth, Fort Worth is now ranked the 12th largest city in the U.S.
As the firm’s footprint continues to expand into new high-growth geographic markets, Woodfield Development first established a presence in Texas in 2021. With the addition of Northwest Village, the multifamily developer has commenced construction on 815 units, totaling $229 million in the state of Texas over the past three years.
“Consistently ranked as one of the fastest growing cities in the U.S. and buoyed by nation-leading population growth, we look forward to expanding our firm’s presence in Fort Worth and throughout the Lone Star state,” said Woodfield Development Partner, Adam Soto. “Capitalizing on the burgeoning demand, our diversified development pipeline includes 687 units scheduled to close over the next two years in the region, equating to over $276 million worth of project value.”
Northwest Village will feature 455 luxury apartments across two buildings (a five and four-story building) with structured parking. Each building will offer studios, one-, two-, and three-bedroom units with rents ranging from $1,400 to $2,995 per month. In addition, the development will also feature four two-story townhome residences and one three-story townhome residence with rents starting at $3,300 per month.
Various amenities include a large coworking space with private conference rooms and individual offices, a state-of-the-art fitness center with group fitness and yoga rooms, a two-story sky lounge, a game room with golf simulator and indoor putting green, two unique pools, and outdoor lounge areas for relaxation. The 15-acre complex is located within a larger 47-acre master plan development, Traditions at Northwest Village, that will incorporate commercial space for offices, retail, restaurants, a large public park, and hundreds of single-family rental homes.
Woodfield Development closed on the acquisition of the property at the corner of Roaring River Road and State Highway 114 in June 2024. The first apartments are slated for completion in the first quarter of 2026. The project team for Northwest Village includes general contractor OHT Partners, architecture firm Corgan, interior design firm Thrive Interior Design, and civil engineering firm Westwood.
For more information, please visit woodfielddevelopment.net