R
oyal Capital Group has refined its plans for the Evans and Rosedale Urban Village, a mixed-use development in Fort Worth's Historic Southside. The Milwaukee-based developer now envisions 184 units of stacked flats, townhomes, and senior housing, along with retail space and 250 parking spots on West Rosedale Avenue. This project is part of a broader effort to revitalize the historically Black neighborhood, which holds significant cultural importance.

    "We want to create something that honors the community's history while respecting its current dynamics," said Kevin Newell, founder and CEO of Royal Capital Group. The $50 million project will also include hundreds of apartments and 27,000 square feet of commercial space, just minutes from Downtown Fort Worth.

    After selecting Royal Capital in August following delays with Hoque Global, the City of Fort Worth praised the developer's efficient approach. "They're on time, they know what they're doing," said economic development director Robert Sturns. The city has allocated $4.5 million for the redevelopment and anticipates additional support from tax abatements and funds from the Southside neighborhood TIF.

    Construction is expected to begin in early 2026, pending approvals. Key partners include the Fort Worth City Council, Local Development Corporation, Housing and Finance Corporation, and Tax Increment Financing District 4.