New complex brings food, shops & parking to Fort Worth’s Magnolia Ave
A new 68,000 square foot mixed-use development called “The 701” is coming to the busy corner of Hemphill Street and West Magnolia Avenue in Fort Worth’s Near Southside.
Dodson Commercial Real Estate will lay the foundation stone for the project in a ceremony on Thursday, March 4th at 10:30 am, according to a press release.
Named “The 701” for its actual address – 701 W. Magnolia Ave. – The two-story corner building from the 1920s, which currently houses the Shinjuku Station restaurant and Panther City Salon, will be preserved.
The elegant new additions include:
A new 3,700 square foot restaurant building on West Magnolia Avenue.
A new three-story office and retail building anchored by VLK Architects. VLK will occupy the entire top floor, approximately 26,000 square meters. The building includes a restaurant and retail space on the ground floor and a second floor for offices or medical tenants.
A lively pedestrian zone with shops and terraces.
A new multi-storey car park with 200 parking spaces on site.
“The 701 is the first Class A mixed-use project of its kind on the bustling West Magnolia Corridor,” said Ryan Dodson, Managing Partner of Dodson Commercial Real Estate, in the press release. “We recognize the importance of this opportunity and have carefully worked with the Near Southside project and the VLK team to carefully blend modern office, retail, restaurant and structured parking spaces with the charm and character of the historic buildings in the area connect to. “
He says the project will bring more than 100 “high-paying” jobs to the region.
The significant Near Southside complex adds one thing the corner desperately needs: more parking. The additional parking garage as well as the pedestrian walkway will enrich the busy corner of Magnolia.
“We are very excited about the project and what it offers our community on several fronts: sensitive preservation of these valuable historical buildings; new distinctive landmarks that complement their older neighbors; the central public square activated by local shops; and an extension of Magnolia’s energy around the corner to this key section of Hemphill, ”said Mike Brennan, president of Near Southside, Inc.
The project is expected to be completed in early 2022.