STATE of DOWNTOWN FORT WORTH 2020 3 FOREWORD Like the Rest of the Nation, Downtown Fort Worth Experienced a Challenging Year in 2020

STATE of DOWNTOWN 2020

STATE OF DOWNTOWN FORT WORTH 2020 3 FOREWORD Like the rest of the nation, Downtown Fort Worth experienced a challenging year in 2020. As we begin re-opening our economy, the economic factors driving Downtown’s success are still present, positioning Downtown for a strong recovery. The State of Downtown is your window into the economic forces shaping our center city. DFWI’s Director of Research compiles the data presented in the State of Downtown throughout the year. Quarterly and monthly updates for specific market segments are available upon request or at www.dfwi.org. Your thoughts on improving this publication are welcome, and we encourage you to share your insights with us. On behalf of Downtown Fort Worth, Inc. and Fort Worth Improvement Districts #1 and #14, thank you for your interest in Downtown.

Arrie Mitchell Director of Research [email protected]

Larry Auth Chairman Eddie Broussard Fort Worth Public Chairman of the Board Improvement Downtown Fort Worth, Inc. District #1 (PID)

TABLE OF CONTENTS Year in Review...... 2 Retail...... 12

Office and Employment...... 4 Quality of Life...... 13

Population and Housing...... 8 PID Advisory Board...... 15

Hospitality...... 10

Cover Photo: Burnett Lofts 4 STATE OF DOWNTOWN FORT WORTH 2020 ABOUT US

DFWI’s Mission

The mission of Downtown Fort Worth, Inc. TIF #3 (DFWI) is to be the catalyst for transforming PID #1 Downtown into a vibrant place to live, visit, PID#14 enjoy and conduct business through aggressive leadership of programs, projects and partnerships.

Who We Are Formed in 1981, DFWI is Downtown Fort Worth’s planning, advocacy, public space, and project management organization. DFWI also builds Downtown Fort Worth’s vitality by serving as a liaison, ombudsman and information source for property owners, residents, business owners, lenders, developers, community organizations and policy-makers.

What We Do DFWI is a 501(c)(6) nonprofit membership organization. In addition to coordinating the Downtown planning process, advocacy, member services, communications, and Downtown leadership, DFWI members founded the first Public Improvement District (PID) in the state of Texas in 1986. DFWI continues to manage PID #1 and also manages PID #14. These PIDs provide enhanced services to property owners, including maintenance and landscaping, public space management, hospitality services, outreach, promotions and marketing, research, transportation, planning, and security enhancements to 564 acres of Downtown. DFWI also administers the Downtown Tax Increment Finance District (TIF) by contract with the City of Fort Worth. Eligible TIF projects include parking, infrastructure assistance to new developments, historic preservation, affordable housing, transportation, and education. DFWI staffs the Fort Worth Downtown Neighborhood Alliance (FWDNA), an organization of Downtown residents that promotes, preserves, encourages, and enhances the residential quality of life in Downtown Fort Worth. Downtown Fort Worth Initiatives, Inc. (DFWII) is a 501(c)(3) nonprofit corporation that provides a pathway for foundation grants, philanthropic donations, and other contributions to help fund charitable, educational, and public-purpose Downtown projects. Each year DFWII helps to bring more than 500,000 people Downtown by producing the MAIN ST. Fort Worth Arts Festival and the GM Financial Parade of Lights. DFWII also developed the JFK Tribute in Fort Worth, redeveloped Burnett Park, and is currently administering the Heritage Park restoration design. DFWII is a partner with Fort Worth Housing Solutions in the 172-unit, mixed income Hillside Apartment community.

STATE OF DOWNTOWN FORT WORTH 2020 1 2 YEAR IN REVIEW STATE OF DOWNTOWN FORT WORTH 2020 friendly regulatory environment poiseDowntownfriendly for rapid recovery. anchor clusters, business proximityinfrastructure, to DFWInternational abusiness- and Airport, populationgrowth, jobgrowth, economy, excellent transportation significant place. Ourdiversified pre-virus allofthe economic pandemic, the underpinningsAs Fort are Worth stillin emerges from FROM OURPRESIDENT DFWI President TaftAndy in the effort to effort in the improve Downtown. Bothhave partners support. beenoutstanding leadership, persistence, encouragement, and for yearsCouncilmember their AnnZadeh of DFWI thanks Mayor Betsy Price and

available for disposition. relocated to much more appealing making housing, 42-acre the Butlersite forfunding project the was secured. lastButlerPlace The tenants were construction. Heritage Park took planning a$2Mleap forward, significant and beganconversionbuildings into hotels. began buildings New apartment connector was completed. AC The Hotel two and opened historic office City the and secured new needed along City Hemphill-Lamar Hall.The corporate market challengingand saw leases, year, two significant office the Fortunately, ofprogress wheels the didn’t grind to Inanunpredictable ahalt. relyingmodels, ontakeout orders to boostsales. help hasnew availability.occupied at97%, Restaurants changed operating their expansion planswere temporarily Retailspace, putonhold. justayear ago projectionsand are reconsidered. being InFort Worth, ourConvention Center created by Coronavirus the past models, assumptions,business pandemic, As citiesaround economic the upheaval world the beginto emerge from

Betsy Price Mayor Councilmember Ann Zadeh DOWNTOWN BY THE NUMBERS

2,752 acres 14 MILLION square feet of office space 4.3 square miles 3,471 hotel rooms 1,486 Downtown businesses 10,974 Downtown residents 38,142 5,619 private employees residential units

At $3,162,522,000 45,945 Downtown generates a Downtown employees larger payroll than any (all jobs) other employment center in the county, contributing $82,914 average private payroll 18.5 times per employee its geographic weight in $3 BILLION private payroll in 2018 private payroll

Sources: City of Fort Worth, Downtown Fort Worth, Inc., Tarrant County, U.S. Census Bureau, State of Texas

Big Picture: Downtown Fort Worth is a 4.3-square-mile, high-performing North Texas submarket. With over 45,000 employees, Downtown Fort Worth is the largest employment center in Tarrant County. Private payroll generated in Downtown exceeds $3 billion per year, the highest among employment centers in the county. The Dallas –Fort Worth-Arlington metro area’s unemployment rate from December 2020 was 6.7%. The unemployment rate for the City of Fort Worth was 6.5% in December 2020, lower than the national rate of 6.7%. The Dallas-Fort Worth-Arlington metropolitan area’s population grew from 5,161,544 in 2000 to 7,320,663 in 2019. 15.6% of this regional growth is attributed Trinity River to Fort Worth.

Downtown is bordered by I-30, I-35 and the Trinity River.

STATE OF DOWNTOWN FORT WORTH 2020 3 4 OFFICE AND EMPLOYMENT STATE OF DOWNTOWN FORT WORTH 2020 will help as we emerge from the pandemic. the aswewill help emerge from incentives, Chamber, DFWI, owner building and efforts competitive Texas choice. North New City office for amore robust pushto promote Fort Worth asa welcome improvement, recent years need suggestthe First-quarter 2021 vacancy was 20.4%. vacancy was 22.8%. 2020Fourth-quarter ClassAoffice Office: Building inearlyBuilding 2021 for conversion milestone. into new the City Hallwas office another Plaza were bright spotsfor Downtown Fort Worth. City The ofFort Worth’s purchase Pier ofthe 1 move into Freese 777Mainand Nichols’ and 72,000 square foot headquarters relocation into Burnett

2020 was achallenging year for sectors. allbusiness However, 200,000 Oncor’s square foot $3 BILLION 1,486 45,945 38,142 While thisisa private business private jobs total jobs Source: CoStar >10,001 4,001–10,000 <4,000 SPACE (SF) Leasing Activity, Share ofMarket inprivate payroll 55% 35% 10% 2019 2020 47% 37% 16% All Office Space Occupancy Class A Office Space Retail Space Occupancy 4Q 2020 Occupancy 4Q 2020 4Q 2020 100%

90% 86.6% 85.4% 85.4% 84.7% 78.4% 80% 77.2% 75.8% 72.9% 70.3% 70%

60%

50% CoStar Source:

USA USA USA

Fort Worth Downtown Fort Worth Downtown Fort Worth Downtown Fort Worth Fort Worth Fort Worth

Class A Office Buildings Burnett Plaza 1,024,627 777 Main 954,895 Bank of America Tower 820,509 Wells Fargo Tower 716,533 Pier 1 Imports Building 460,000 Two City Place 330,000 The Carnegie 280,000 Frost Tower Fort Worth 259,000 One City Place 231,365 Chase Bank Building 202,123 Cash America 135,293 Cantey Hanger 86,300 The Westbrook 80,607 The Cassidy 66,940 Commerce Building 66,000 100 Lexington Building 63,113 The Tower 30,000

Source: CoStar

Downtown Coworking Spaces City Central – 600 W 6th St. CommonGrounds Workplace – 702 Houston St. 5,807,305 WeWork – 420 Commerce St. WeWork – 505 Main St. square feet of Class A office space

STATE OF DOWNTOWN FORT WORTH 2020 5 6 OFFICE AND EMPLOYMENT Downtown Fort Worth Occupancy Rates Class AOffice Rental Rates ($/SF) Metro Area ClassAOffice

95%

90%

85%

80%

75%

70% STATE OF DOWNTOWN FORT WORTH 2020 $20 $25 $30 $35 $40 $10 $20 $30 $40 $50 $0

88.9%

2010 $28.55 2016 2015 $24.67

88.4%

2011 $29.40 Dallas LBJExpressway Downtown Worth Fort

89.2%

2012 $25.79 2017 2016

82.8%

2013 $30.22 $26.69

81.9% 2018

2014 2017

85.0%

2015 $25.55 $30.11 2018 2019

82.6%

2016

85.0% $30.44

2017 $27.55 2019 2020

2018

81.0%

2019

80.7% $26.72 Source: CoStar – 4Q 2020 75.7% $24.96

2020 2015

Source: CoStar $26.26 $27.63 Rental Rates ($/SF) Metro Area ClassBOffice 2016 2016 $10 $15 $20 $25 $30 $10 $20 $30 $40 $50 Downtown Dallas $0 $25.69 $26.04 North Irving Irving North $17.39 2017 2017 $20.92 2016 2015 $25.43 Dallas LBJExpressway $25.72 Downtown Worth Fort $22.36 $18.01 2018 2018 2017 2016

$22.38 $31.05 $26.28 $19.11 2019 2019 2017 2018 $21.89 $19.42 2018 2019 $27.13 $32.03 2015 2015 $22.91 $19.48 2019 2020 DallasCentral Expressway $32.42 $28.16 2016 2016 $32.53 Source: CoStar – 4Q 2020$28.50 West Plano $19.84 2017 2017 $20.16 2015 2015 $33.07 $30.83 $20.65 $22.74 2018 2018 2016 2016 Downtown Dallas

$31.80 $35.23

North Irving Irving North $21.09 $21.26 2019 2019 2017 2017 $19.46 $20.87 2018 2018 $18.43 $37.80 2015 2015

$21.31 $19.99 2019 2019 Dallas StemmonsFreeway $39.91 $16.48 2016 2016 Dallas Uptown $18.68 $40.28 2017 2017 $20.36 $23.42 2015 2015 $18.82 DallasCentral Expressway $41.67 2018 2018 $23.28 $23.67 2016 2016 $42.51 $19.78 2019 2019 $26.22 $25.16 West Plano 2017 2017 $26.14 $26.63 2018 2018 $27.03 $27.08 2019 2019 $14.89 $31.49 2015 2015 Dallas StemmonsFreeway $32.69 $15.65 2016 2016 Dallas Uptown $32.01 $16.10 2017 2017 $16.12 $31.62 2018 2018 $32.26 $16.58 2019 2019 Total private employees: 38,142 Total number of Business Profile – Number of Businesses Per Category businesses: 1,486 Downtown Fort Worth Annual payroll: $3,162,522,000 Accommodation and Food Services 95 Administrative and Support 80 Arts, Entertainment and Recreation 25

Construction 43 Education Services 8 Finance and Insurance 262 Health Care and Social Assistance 96

Information 45 Management of Companies 27 Manufacturing 28 Mining, Quarrying and Oil & Gas 75 Other Services 86 Professional, Scientific and Technical Services 407 Real Estate, Rental and Leasing 98 Retail Trade 45 Transportation and Warehousing 20 Utilities 6

Source: U.S. Census Bureau 2018 Bureau U.S. Census Source: Wholesale Trade 39 0 100 200 300 400 500

STATE OF DOWNTOWN FORT WORTH 2020 7 8 POPULATION AND HOUSING STATE OF DOWNTOWN FORT WORTH 2020 Location 27.2% Reason for Downtown Living Residential: projects totaling 1,713 unitsatvarious stages. planning anticipated to break ground in2021, withseven begin leasing in2021. Several projects other are Burnett 330-unit The Lofts onLancaster Avenue will community,apartment 2021. beganleasing inJanuary quarter of2020. Bluffs,a387-unit atthe Jameson The community, was to added market the during first the Rocklynunits. The atSamuelsAve, a274-unit apartment Since Downtown 2016, 1,533 hasadded new apartment took them itsnatural course. competitionas the to fill neighborhoods resulted inapredictable dipinprices inadjacent added those unitsand These Downtown occupancy by 274 1.7% whileadding units. experienced positive absorption in2020, increasing stable. years, average and median prices housing remained condominium salesin2020 compared withprevious affected Whilethere by were pandemic. the fewer 21.2% Convenience In addition, DowntownIn addition, apartments 7.5% Community The residentialThe market was least the

L if es tyl e 29.3% Work 13.3% School 1.5%

and UnderConstruction Residential Units Planned Source: Downtown Fort Source: DowntownWorth, Inc. Total 1000 Weatherford (P) Summit Avenue SeniorLiving(P) The Graysonon4th(P) 901 Commerce(P) 904 Collier(P) The Huntley Apartments (UC) Kent Lofts (P) Burnett Lofts(UC) PROJECT Downtown Fort Worth In DFWI’s 2020 Resident selected primary asthe Downtown by 44.9% owners 28.6% and of of condo/townhome Survery lifestyleSurvery was apartment renters.apartment reason for living 2,043 UNITS 310 187 338 283 296 248 330 51

Source: Downtown Fort Worth, Inc., Survey October 2020 Price of Condos and Townhomes Sold by Year

$400,000 Median Average

$365,799 $350,000 $326,421 $320,261 $307,069 $295,974 $300,000

$250,000 $275,000 $275,000 $262,750 $258,000 $269,000 New Apartment Units Added $200,000 2016 130

$150,000 2017 0 2016 2017 2018 2019 2020 and North Texas of Realtors National Association Sources: Inc. System, Information Estate Real 2018 1,073 2019 56 Average Apartment Rental Rates and 2020 274

Average Occupancy Rates Source: CoStar

Average Occupancy Average Rental Rates $1,500 100.0%

92.9% 90.9% 89.2% $1,480 88.9%

$1,460 $1,466 $1,489 80.0%

$1,440 $1,444 $1,459

$1,436 $1,420 70.2%

$1,400 60.0% 2016 2017 2018 2019 2020 Source: CoStar Source:

Average Apartment Rent Per Square Foot Downtown Fort Worth

$2.00

$1.90

$1.80

$1.70 $1.63 $1.68 $1.56 $1.58 $1.56 $1.60 $1.54 $1.55 $1.55 $1.54 $1.52 $1.52 $1.50 $1.60 $1.58 $1.50 $1.48 $1.57

$1.40 Source: CoStar Source: $1.30 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2017 2018 2019 2020 Source: Downtown Fort Worth, Inc., Survey October 2020 Inc., October Survey Worth, Fort Downtown Source:

STATE OF DOWNTOWN FORT WORTH 2020 9 10 HOSPITALITY STATE OF DOWNTOWN FORT WORTH 2020 planning phase. planning SignatureSandman at810 Houston Street. Two projects additional totaling are 256-units inthe 232-room the buildings; Downtown Kimpton Harper Hotel office MainStreet at714 240-room the and 246-room AC Hotel MainStreets. at5thand opened Two hotel projects beganrepurposing historic point to Downtown Fort Worth’s solidunderlying economics. hospitality In2020, industry’s 16-story, the Hospitality: While 2020 was achallenging year for hospitality the industry, hoteliers’ investments Kimpton Harper Hotel Source: Downtown Fort Source: DowntownWorth, Inc. Le Meridien(P) (P) Sandman Signature Hotel(UC) Kimpton Harper Avid Hotel(UC) HOTEL Under Construction (UC) Hotels Planned(P) or ROOMS Sandman HotelSandman 230 240 232 106 Hotel Occupancy Taxes Paid Downtown Fort Worth by Quarter

Millions $6.0

$5.5 $5.2 $5.2 $5.2 $5.1 $5.0 $4.6 $4.6 $4.5 $4.5 $4.4 $4.5 $4.3 $4.3 $4.1 $4.3 $4.0 $4.0 $4.0 $3.6 $3.7 $3.5

$3.0

$2.5

$2.0 $1.8

$1.5 Source: Texas Comptroller of Public Accounts Comptroller Texas Source: $1.2 $1.0 $0.5

$0 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20

$362 Million in Construction Permits from 2018–2020

Cumulative Value of Building Permits Downtown Fort Worth 2002–2020 Millions $2,395 $2,500 $2,330 $2,193 $2,032 $2,000 $1,952

$1,672 $1,566 $1,446 $1,500 $1,374 $1,223 $1,171

$1,000

$500

Source: City of Fort Worth of Fort City Source: 2002-10 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

STATE OF DOWNTOWN FORT WORTH 2020 11 12 RETAIL STATE OF DOWNTOWN FORT WORTH 2020 Retail Occupancy Rate Retail: economy reopens. residential community provide asolidbase ofcustomers for new retail restaurants and asthe Downtown’s regional draw, strong convention market, large employment base, growing and Downtown Fort Worth was retail and immune not occupancy decreased by 11%in2020. 100% 80% 90% 85% 95% 70% 75% 4Q 2016 95.2% pandemicThe hitrestaurants retailers and especiallyhard across in2020. country the 95.3% 95.1% 4Q 2017 95.3% DFW 96.9% 95.5% Downtown Fort Worth Worth Downtown Fort 4Q 2018 95.7% 96.8% 95.7%

4Q 2019 94.6% 97.4%

95.7% USA

4Q 2020 82.1% 86.6% 84.7%

Source: CoStar CVS Pharmacy 5th/Houston

PID #1 & #14 SAMUEL AVENUE SAMUEL Created in 1986, Downtown Fort Worth Improvement District (PID) #1, administered by DFWI, offers a comprehensive program of services BELKNAP including research, marketing, Downtown NICHOLS HARDINGS

BLUFF

planning assistance, sidewalk cleaning, ELM

PECAN C PID Districts R street sweeping, security enhancement, UMP JONES TER CALHOUN R litter removal, and bird abatement. In the PID #1 COMMERCE Y

HENDERSON THERFORD ST A 1 SPUR 280 PID #14 BELKNAP WE fall of 2020, a new Outreach Coordinator TA MAIN MILLS YLOR 2ND

RD PEACH 3 PECAN SUNDANCE joined the team to connect those in need 9TH BLUFF SQUARE PLAZA

THROCKMO 5TH TH 2ND 11

with proper social services using strategic ST ELM 1 TH 3RD 6 R TON 7TH case-level management. From 1986 to CHESAPEAKE ENERGY 5TH 8TH 9TH LUELLA 2009, the PID services were renewed by 7TH 2TH HOUSTON 1 QUALITY OF LIFE 10TH TH 13 petition every five years by an Y 4TH TEXAS 1 CHER R TH MONROE TH 15 overwhelming majority of property ARK 13 MACON LAMAR 13TH

FOURNIER B W FOREST P 0 LANCASTER 3 owners. Because of the PID’s ongoing H BALLINGER COLLIER LAKE I PENN SUMMIT B EB S 30 5W IH 3 PRESIDIO IH B success, it was reestablished in 2009 for a N W 5 3 TH H EL PASO I 20-year period by the Fort Worth City 11 Council, following the submission of petitions from property ownersRIO GRANDE representing 83% of the

DAGGETT

property value and 80% of the land area in the District. DowntownSUNSET Fort Worth Improvement BROAD WAY District #14 was established in June 2009. Since then,WENNECA District contractors provide services

TH TH

14 along Samuels Avenue daily. 15

$3,043,198 in services annually

7,488 15,660 miles of curb linear miles 27 dump trucks of recyclable and gutters of sidewalks material collected each year cleaned annually/ cleaned 144 miles weekly

17 full-time Clean 1,984 cubic yards Team members (53,568 cubic feet) of dirt/debris removed from streets, curbs 13 Ambassadors and gutters annually 1 Outreach Coordinator

13,500 1,249 trees serviced square feet of planters within PIDs in bloom seasonally 218 Downtown trees lighted 75,000 plants planted annually

13 STATE OF DOWNTOWN FORT WORTH 2020 Tax Increment TIF: 3 Downtown NICHOLS Finance District #3 HARDINGS TIF: 4 Southside/Medical District

ELM A significant partnership that TIF: 6 Riverfront PECAN CRUMP TIF: 8 Lancaster adds to the success of Downtown JONES TERRY CALHOUN

TIF: 9 Trinity River Vision COMMERCE

is the Downtown Tax Increment MAIN BELKNAP HENDERSON 1ST Finance District (TIF) and the WEATHERFORDTHROCKMORTON SPUR 280 MILLS 2ND

RD other Downtown-oriented TIFs. PECAN PEACH TAYLOR 3 SUNDANCE TH 9TH The Downtown TIF makes BLUFF 4SQUARE PLAZA TH 2ND 11 1ST TH ELM strategic investments in parking, 3RD 6 infrastructure, historic PIER 1 5TH 8TH 9TH LUELLA preservation and residential 7TH TH development. The TIF is a HOUSTON 12 10TH TH 13 TH collaboration of the City of Fort TEXAS 14 TH TH 15 13 MACON

Worth, Tarrant County, Tarrant CHERRY LAMAR TH

13 MONROE

FOURNIER B W FOREST PARK 0 County Hospital District, Tarrant LANCASTER 3 H BALLINGER COLLIER LAKE I PENN SUMMIT B EB S 30 5W IH 3 County College District and PRESIDIO IH B N W 3 3 Tarrant Regional Water District. TH H 11 EL PASO I

RIO GRANDE To date, the TIF has obligated VICKERY

JARVIS roughly $97 million, leveraging $911DAGGETT MILLION in private development and facilitating $55.05

SUNSET million in public investment. In Tax BROADYearWAY 2020, the TIF generated $13.8 million of tax increment to the taxing district partners. The TIFWENNECA revenue is capped at $5 million per year; the remainder of the

TH TH ADAMS COLLEGE LIPSCOMB HEMPHILL

14 tax increment, $8.8 million, was returned15 to the taxing jurisdictions. TH 8 DFWI manages the Downtown TIF through a contractALABAMA with the TIF Board of Directors.

Downtown TIF Costs, Investments and Tax Increment

City’s TIF Contribution TIF Cost Investments Taxable Value

Millions $1600 $3,043,198 in services annually Taxable Value of TIF $1,497.42 Millions

$1,400 $1,600 $1,497 $1,400 $1,200 $1,000 $1,291.00 $1,200 $800 $600 $400 $322

$1,000 $200 $967.45 $0 Before Current TIF Value TIF Value

$841.25 $800

Marriott Towne Oliver’s $600 Place Hunter Plaza Carnegie Cassidy Trinity Building Building Bluff Westbrook, Commerce City Place Buildings $400 Garage/ Retail

Two City The Pecan Place Family Place UTA Law Tower Center Chase $200 Building Crescent Ashton Garage/ Hotel Bass Hall $62.25 $70.49

$38.75 $38.75

Source: Downtown Fort Worth, Inc., and Tarrant County Appraisal District Appraisal County Inc., and Tarrant Worth, Fort Downtown Source: $0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

STATE OF DOWNTOWN FORT WORTH 2020 14 Larry Auth Walter Littlejohn Omni Hotel (Chair) The Fort Worth Club Laura Bird David Losee Anthracite Realty Partners XTO Energy Johnny Campbell Michelle Lynn City Center Fort Worth Building Owners & Managers Association Gary Cumbie Renee Massey The Cumbie Consultancy Red Oak Realty Jim Finley Henry S. Miller, III Finley Resources Inc. Sundance Square Taylor Gandy Don Perfect Ron Investments, Ltd. Oncor

PID ADVISORY BOARD Drew Hayden Joy Webster The Worthington Renaissance MorningStar Capital Fort Worth Hotel John Yeung Marie Holliday, DMD Sheraton Hotel Fort Worth Flowers to Go in Sundance Square

Downtown Fort Worth, Inc. Texas Department Becky Fetty Publications of Transportation Director of Membership Texas Workforce Commission and Marketing • Annual Report The North Central Texas • In View Council of Governments Nicole Fincher • Residential Survey Report U.S. Bureau of Marketing and Special • State of Downtown Economic Analysis Projects Manager U.S. Bureau of Labor Statistics Information Sources Diana Hahn U.S. Census Bureau Production Manager City of Fort Worth U.S. Department CoStar of Commerce Melissa Konur Downtown Fort Worth, Inc. Visit Fort Worth Director of Planning ESRI Federal Housing Arrie Mitchell Finance Agency Downtown Fort Worth, Inc. Director of Research Staff National Association Barbara Sprabary of Realtors Andy Taft Executive Assistant/ North Texas Real Estate President Office Manager Information System, Inc. Office of Governor, Economic Matt Beard Development and Director of Tourism Public Improvements Smith Travel Research Tarrant County Cleshia Butler Appraisal District Administrative Assistant Tarrant County Clerk Jay Downie Tarrant County College Event Producer Texas A&M Real Estate Center Texas Comptroller Brandi Ervin of Public Accounts Controller

A service of Downtown Fort Worth, Inc.

15 STATE OF DOWNTOWN FORT WORTH 2020 817.870.1692 DFWI.org RECENT, PLANNED and UNDER CONSTRUCTION

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STATE OF DOWNTOWN FORT WORTH 2020 19 2 YEAR IN REVIEW STATE OF DOWNTOWN FORT WORTH 2020 for photography. their Special thanks to Delira/Style Rachel FW, Brian Luenser and JosephHaubert, MargaretMary Davis Real Estate Broker MargaretMary Davis assistance inproducing State the ofDowntown publication: Downtown Fort Worth, isgrateful Inc., to following the organizations for individuals and their CREDITS Real Estate Team

Downtown Fort Worth, Inc. 777 Taylor Street, Suite 100 Fort Worth, Texas 76102 817.870.1692 |dfwi.org Published inAprilPublished 2021 City Worth ofFort and Planning David Tidwell #DowntownFortWorth Development Department /DowntownFortWorth /DTFortWorth /DowntownFortWorth Visit Worth Fort CRM Analyst Andrea Timbes