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Multifamily project is inbound for Stockyards - Dallas Business Journal

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The upcoming project, called “Kairoi Stockyards,” is estimated to cost about $35 million and will include five multifamily apartment buildings with a fitness center, pool, courtyard, sky lounge leasing office.

The leasing and maintenance of buildings are expected to cost an additional $1.1 million. The project will include a future phase of development

Kairoi Residential didn’t respond to a request for comment, but this story will be updated with a reply. . Currently, multifamily development is allowed by right in much of the historic area, and the proposed change would limit future projects. During the creation of the Stockyards Form-Based Code, some parties raised concerns that multifamily isn’t compatible with high levels of tourism and the broad range of entertainment options that have sprouted up in the historic area. At the onset, there was very little interest in building multifamily, even in areas where it was allowed, according to city of Fort Worth documents.

Since then, there has been significant interest in adding single-use multifamily to the former Swift/Armor site. There are currently two projects underway that would add a total of 730 units to the Swift/Armor subdistrict. Community backlash against multifamily development in the area has resurfaced. . In an interview with the

 

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