Market Opportunities Development Opportunities
Large-scale Lifestyle Villages will attract a wide variety of real estate sectors to create a mixed- or multi-use development pattern. The overall size, scale, and context of this catalyst site presents opportunities for urban development intensities. In addition to the built environment, large-scale Lifestyle Villages will also offer a mixture of active and passive recreation options that provide a live- work-play environment. This place type will likely create a regional trade area through anchoring uses and thoughtful design, drawing in visitors from outside of Fort Worth. While large-scale Lifestyle Villages will likely attract a variety of real estate sectors, significant public sector investment will be needed on multiple fronts before their true development potential can be realized. There are some that will present more immediate development opportunities than others that could be realized at a smaller scale while the market matures for more significant redevelopment. Development timing of these projects will often occur over multiple years, sometimes over longer periods of 10+ years. As such, careful phasing of these catalyst sites and public sector investment is critical to encourage compatibility across the project area and to retain key parcels for long-term opportunities. The following graphic demonstrates demand opportunities across several real estate sectors for large-scale Lifestyle Villages along the East Berry Corridor. Although the Cobb Park/Riverside TOD and Lake Arlington areas will present differences in terms of location, mobility options, and natural amenities, there are many similarities in market attraction that can be assumed.
Long-Term Patience
Short-Term Patience
Multifamily Residential
Community Retail
Regional/Specialty Retail
Office/Employment
Hotel
162 | East Berry Corridor Study
Made with FlippingBook interactive PDF creator