HPI Real Estate Services and Investments has broken ground on the first phase of a 55-acre project in northwest Fort Worth that will deliver 829 luxury apartments, townhomes, and detached cottages.
Texas-based HPI has begun construction on 396 one-, two- and three-bedroom apartments that are expected to open to residents by early 2027. Zoning and site plan approval are in place for 240 additional apartments and 193 build-to-rent townhomes and detached cottages.
HPI Partner and Multifamily President Tim Shaughnessy added, “We’re making a big investment because we’re confident in the need for housing in this trophy location.” HPI is investing $16 million of its own capital in the project, alongside a group of private investors that include high-net-worth individuals, family offices and Registered Investment Advisors. The total investment amount was not disclosed.
A Kroger Marketplace grocery-anchored retail center recently opened just one block away, across the street from a planned H-E-B grocery store. The General Contractor is Blackland Partners, and the Architect is Archon Corporation.
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