Downtown Fort Worth landmark will become luxury hotel
A downtown Fort Worth landmark skyscraper is being converted into a luxury hotel.
San Francisco-based Kimpton Hotels and Restaurants have announced the opening of a 232-room boutique hotel in the 24-story 714 main building, formerly the Continental Life Insurance Building.
The almost 100-year-old office tower was sold by XTO Energy to Tennessee-based Development Service Group Inc. in 2018.
The proposed Fort Worth Hotel will be Kimpton’s third hotel in Texas.
“Texas is a natural place to expand our brand,” said Mike DeFrino, General Manager of Kimpton Hotels & Restaurants, in a statement. “Adding Fort Worth to Austin and Dallas is critical to our growth in the Southwest.
“Development Services Group is the ideal partner to bring Kimpton to this part of the state and the historically rich, energetic and exciting community of Fort Worth.”
Kimpton operates a hotel in Austin and will operate the new Pittman Hotel in the Deep Ellum neighborhood of Dallas.
The historic Fort Worth property chosen by Kimpton is located in the bustling central business district of downtown, near the Fort Worth Convention Center, Sundance Square entertainment and retail district, and Bass Performance Hall. The hotel will open in spring 2021.
The Kimpton in Fort Worth will have an Italian restaurant, 10,000 square feet of meeting space, a two-story grand ballroom and a penthouse “Sky Bar”.
The tower was built in 1921 as a Farmers and Mechanics National Bank building and was once the tallest building west of the Mississippi.
XTO Energy carefully restored the building in 2010. The Development Services Group bought the tower in November 2018 as part of a sale brokered by the commercial real estate company JLL.
Bennet Benner Partners Architects from Fort Worth and Forcheilli Glynn from Los Angeles are designing the renovation work.
“We are excited to take on this project for so many reasons,” said Gary Prosterman, president of Development Services Group, in a statement. “We love downtown Fort Worth and Sundance Square.
“Given the proximity of this project to the convention center, it is ideally located to become a leading hotel.”
The historic tower, originally the Farmers and Mechanics National Bank building, was once the tallest building west of the Mississippi.(Kimpton Hotels)