Business Group Fights Apartments in Fort Worth Stockyards

Apartments could be banned in Fort Worth’s Stockyards if a rule approved by the city’s zoning commission is passed by the city council, reports Harrison Mantas for the Fort Worth Star-Telegram.

According to Mantas, “The rule is a response to concerns from a Stockyards business group about a proposed 730-unit apartment complex from San Antonio-based developer Kaori Residential.” The group expressed concerns about traffic and “the Stockyards’ culture.” Cheryl West, president of the Stockyards business association, says the area already sees high tourist traffic during weekend events, and that adding 1,000 new residents would strain local infrastructure.

Mantas points out that the Kaori development, already permitted under old zoning rules, would not actually be affected by the new regulation. But Kaori’s vice president of development Tyler Sibley says it will harm the Stockyards area in general. “Residential development is a key component of the live, work and play environment that makes entertainment districts like the Stockyards successful, Sibley said.” 

While the rule won’t completely ban new apartments, it will require city council approval for proposed projects, approval. “Kaori real estate attorney Tommy Mann expressed skepticism that any apartment projects would be approved by the city given its approach to the proposed rule change.”