Along with the July opening of luxury high-rise Deco 969, another high-end residential property is filling up in Fort Worth. The Crescent Fort Worth has started leasing The Crescent Residences, 168 luxury apartments at 833 Van Cliburn Way in the Cultural District. 

The Crescent Residences offers nearby access to cultural landmarks such as the Kimbell Art Museum, the Modern Art Museum of Fort Worth and Dickies Arena as well as The Crescent’s own Circle Bar and Emilia’s restaurant. 

“The Crescent Residences represent a bold step forward in luxury rental living in Fort Worth,” said Alexandra Pannell, regional marketing manager for FirstService Residential, the property manager for the apartments, in a news release. “With its prime location and carefully curated lifestyle programming, we are excited to offer residents a seamless blend of modern elegance and cultural richness.”

A look at the apartments available at The Crescent Residences in the Cultural District. (Courtesy photo | Faulkner Design Group) 

The Crescent Residences was designed by Dallas architect GFF and features luxe finishes such as custom Italian cabinetry and Bosch appliances and gas ranges. Offerings range from one-bedroom units to townhomes. Residents have private balconies, a resort-style pool with cabanas, an urban terrace and upscale amenities. 

The Residences are developed by Crescent Real Estate LLC as part of the mixed-use project that includes the Crescent Hotel and Canyon Ranch Wellness Club. Leasing for residences is ongoing and expected to be completed by mid-2025. 

In March, Crescent announced plans for the addition of Crescent Offices West, the second office component in the mixed-use development. The planned eight-story office building is expected to break ground later this year with delivery of 170,000 square feet of Class AA office space in 2026.

M2G raises fund with Lone Star focus 

M2G Ventures, a real estate investment and development company, raised its first general partner equity fund, Grey Swan I. Grey Swan I will allow M2G and its investors to capitalize the company’s strategy on a larger, more efficient scale, pursuing value-add industrial and mixed-use properties across select growth markets, according to a news release. The primary focus will be on Texas.

“The recent volatility in real estate capital markets has created opportunities for our teams to find strong risk-adjusted returns in our target asset classes and geographies,” said Susan Miller, co-founder of M2G Ventures. “We believe the market will create opportunities for entrepreneurial groups like M2G which can move swiftly and strategically to take advantage of the dislocation in 2024 and beyond. The Grey Swan I fund closing marks a new era for M2G’s investment strategy.”

The fund made its first two acquisitions in Dallas’ Redbird submarket.

In 2024 and throughout the fund’s life, M2G will continue to focus on its primary investment strategies of acquiring, designing and developing infill industrial and mixed-use assets in supply-constrained locations with good investment fundamentals, according to the news release. 

Industrial park refinanced 

 JLL Capital Markets has refinanced the Denton Distribution Center, a recently delivered, Class A industrial park in Denton.

JLL represented Billingsley Company to secure the fixed-rate loan, which was used to refinance the construction debt.

Denton Distribution Center features two cross-dock industrial assets that are 451,384 square feet and 448,386 square feet, respectively. The property is currently fully leased. 

Do you have something for the Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org.

Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.