City of Fort Worth, TX

11/19/2024 | Press release | Distributed by Public on 11/19/2024 17:53

Royal Capital prepares to reveal new plans for Evans & Rosedale

Royal Capital prepares to reveal new plans for Evans & Rosedale

Published on November 19, 2024

The City of Fort Worth and Royal Capital are ready to reveal the developer's vision for the Evans & Rosedale project.

Residents are invited to attend an upcoming community update from 5:30-7:30 p.m. Thursday, Dec. 12, at the Bethlehem Center, 951 Evans Ave., Fort Worth, TX 76104.

Why it matters: This will be the public's first opportunity to see and provide feedback on Royal Capital's vision for the development. Following this event, the City plans to begin working with Royal Capital to formalize an agreement and help secure the necessary funding to make the project into a reality.

Event details: Seating is limited to 150 people, so be sure to RSVP on Eventbrite to secure your seat. For those who are unable to make the event in person, the meeting will be livestreamed on the City of Fort Worth's YouTube channel starting at 6 p.m. that evening. Online viewers will be invited to submit their questions by email or by text, and the presenters will respond to as many as possible during the event.

What they're saying: "We've really hit the ground running with Royal Capital, and we're excited to see the momentum building around this long-awaited project," said Robert Sturns, director of economic development for the City of Fort Worth.

How we got here: This community meeting comes on the heels of multiple public events over the past several months following the announcement of Milwaukee-based Royal Capital as the project's master developer in August.

These events have included a fireside chat at Shamblee Library on Sept. 25 introducing Royal Capital to the community, and an outdoor block party / visioning event in Evans Plaza on Oct. 23, which gave residents an opportunity to help prioritize and provide feedback on preliminary plans for the development. Both events saw an attendance of more than 100 people.

Additionally, the Royal Capital team has spent significant time engaging with the residents and stakeholders in the Historic Southside and attending local events.

From Royal Capital: "So much headway has been made in only a few months, and we can really attribute that to our collaboration with the Historic Southside community and the City of Fort Worth," said Kevin Newell, founder and CEO of Royal Capital. "Our team has really enjoyed rolling up our sleeves to move this project forward, and we're excited to continue the conversation at next month's event."

What to expect: Data gathered from the block party will be presented at the Dec. 12 community update, along with how that feedback informed the vision for the project.

Project background: A former hub of Black commerce, the Historic Southside has been home to many of Fort Worth's - and even the nation's - first black entrepreneurs, and is an extremely important part of the city's history. The City of Fort Worth has invested over $30 million into the area's infrastructure, redevelopment and planning efforts since the late 1990s, and this project is a continuation of that long-term effort to bring more investment, jobs, and economic prosperity to the neighborhood.

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