JLL Capital Markets secured senior and mezzanine financing for the development of the first phase of Northwest Village, a to-be-built Class-A multifamily project in Northern Fort Worth, Texas, near the master-planned AllianceTexas community.
JLL represented the borrower, and the terms are confidential.
Northwest Village, developed by Woodfield Development, will feature 455 luxury apartments and town homes including 238 one-bedroom, 194 two-bedroom and 23 three-bedroom units with an average unit size of 974 square feet. The development will offer top-of-the-line amenities, such as a large coworking space with private conference rooms and individual offices, a state-of-the-art fitness center with group fitness and yoga rooms, a two-story sky lounge, a game room with golf simulator and indoor putting green, two unique pools and outdoor lounge areas for relaxation. The first apartments are slated for turnover in early 2026.
Northwest Village is just the beginning of a larger community development plan. Alongside the 15-acre multifamily parcel, the project will also include an additional 15 acres of commercial/retail space, a 17-acre town home community and a two-acre public park.
Strategically positioned at the NWC of Hwy 114 & Roaring River Road, Northwest Village benefits from its proximity to AllianceTexas, the impressive 27,000-acre master-planned community that is home to 559 companies, offering a wide range of shopping, dining and entertainment options across its four million square feet of space. Additionally, the area boasts over 63,000 jobs, contributing to the rapid expansion of Fort Worth as the fastest-growing large city in the nation.
JLL’s Debt Advisory team was led by Senior Managing Director Travis Anderson and Managing Director Cory Fowler.
