FORT WORTH (Mar. 19, 2025) — National mixed-use investor, developer, and operator Trademark Property Company (Trademark) has closed on the property and financing for Westbend Residences, paving the way for the firm’s Westbend mixed-use community in Fort Worth’s University District. The 321-unit multifamily development, with 4,500 square feet of retail space and elevated community amenities, is slated to open in Q3 2026, with construction beginning in Q2 2025.
“Westbend Residences reflects our strategy of developing highly amenitized, well-connected communities in growing urban districts,” said Chad A. Colley, Multifamily & Mixed-Use Partner at Trademark. “The University District’s strong demand for housing, walkability, and proximity to retail and outdoor amenities creates a compelling opportunity to deliver a project that elevates the living experience. By integrating best-in-class design with public connectivity and retail activation, we are strengthening the fabric of one of Fort Worth’s most vibrant neighborhoods.”
Sited on 3.5 acres along the Trinity River at 1701 S. University Dr., Westbend Residences is replacing an aging extended-stay hotel. The seven-story development will feature premium finishes, two elevated resort-style pools, a state-of-the-art fitness center, a dog spa, and a two-story parking garage. A new ground-floor restaurant space will expand the district’s dining offerings and enhance street-level activity.
The property will include a new street connection at the traffic light between River Run and Collinsworth Street along S. University Dr., improving pedestrian and vehicle access while enhancing public amenities along the Trinity Trails network.
Trademark redeveloped Westbend’s first phase in 2016, which includes 281,000 square feet of office and retail space and is currently 99% leased to a mix of national and local tenants. The district features an extensive public art program, including the iconic Love sculpture by Laura Kimpton, works from the Amon Carter photography collection, and a curated mural program.
“Building on the success of the first phase, Westbend Residences aligns with our long-term vision to create a true live-work-play destination in Fort Worth,” said Terry Montesi, founder and CEO at Trademark. “By expanding the residential component, we are strengthening the district’s vibrancy and providing future residents with unmatched access to retail, dining, and outdoor recreation.”
Westbend Residences expands Trademark’s growing multifamily platform, which focuses on developing highly connected residential communities in dynamic, high-growth markets. Recent projects include The Vickery, a multifamily-led mixed-use community overlooking Downtown Fort Worth, and 3900 Lemmon Ave. in Dallas, a 407-unit project that received city council approval and will feature pocket parks, an amenity terrace, and ground-floor retail.
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About Trademark Property Company:
Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas based Trademark has invested in, developed, or redeveloped 21 million square feet of mixed-use, multifamily, and retail assets worth $4.6 billion. Trademark’s experienced team of more than 138 employees is currently responsible for an 18-property portfolio of over 8 million feet of mixed-use and retail projects across the country. A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities, and enrich lives. For more information, visit www.trademarkproperty.com or interact on Facebook, LinkedIn, and Instagram.