Ventures Development Group LLC announced the ground breaking of a new multifamily, mixed-use development across from Broadway Baptist Church on the Near Southside. The 2.1-acre parcel of land is located at the corner of Jennings and Broadway streets. The 5-story, 209-unit apartment will have 2,600-sqaure-feet of retail space on the ground floor and four live/work studio lofts.
“We are very pleased to introduce South 400 Apartments to Near Southside and are equally excited to be a part of the revitalization efforts of this unique community,” said Sean Siebert, partner of Ventures Development Group (VDG). “Our collective team has worked diligently with the city of Fort Worth to create a one of kind place in an eclectic, urban neighborhood. We are thrilled to be moving into the construction phase.”
In conjunction with the development, the tax increment district approved infrastructure improvements, updated streetscapes, and environmental remediation to be completed along with this new build.” VDG has hired the multi-family division of Stream Realty Partners to manage the project. Pre-leasing will begin in the second quarter of 2016.
South 400 Apartments will include a Sky Lounge overlooking the Fort Worth skyline. VDG most recently completed The Phoenix Apartments on College Avenue. “I am very excited about the S. Jennings Apartment project,” said Paul Paine, president of Fort Worth South. “The Near Southside has become a highly desirable place to live because of the area’s increasing popularity as we have some of the best restaurants and nightlife entertainment spots in all of Fort Worth.”
Ventures Development Group was established in 2006 by Sean Siebert and Rob McConnell.