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Fort Worth census tract 1139.46 has a median income of $123K and is the second fastest-growing population density.

What is happening in Fort Worth, Texas's most luxurious and fastest-growing tract?

Tract 1139.46 has the second fastest-growing population density in Fort Worth, Texas. Out of the top five in this category, it has the highest median income of $123K. The race distribution is relatively homogeneous, with the white population making up almost 90% and Hispanics and Asians the remaining 10%. 

Is any vacant land left in Fort Worth, Texas's tract 1139.46?

There is a considerable land constraint with approximately 1,222 properties in tract 1139.46, and only 19 are vacant. The inventory is relatively new, with more than 90% built after 2000. The remaining 10% was all constructed between 1998 and 1999. There were no structures built before 1998. 

Are any development opportunities available in Fort Worth’s tract 1139.46?

I modeled three of the 19 vacant sites, two multifamily and one industrial. The first multifamily is small, with three buildings hosting 138 two-bedroom units costing $33M to build. The second multifamily is more extensive, with ten buildings and 373 units, costing $99.5M.

I modeled 300,000 SF of industrial space in the third site to service the surrounding communities. In a mile radius of this industrial site, there are approximately 30,000 people. This project would cost $45M to build. 

Author Olivia Ramos
Founder and CEO of Deepblocks, holds master's degrees in Architecture from Columbia University and Real Estate Development from the University of Miami. Her achievements before Deepblocks include designing Big Data navigation software for the Department of Defense's DARPA Innovation House and graduating from Singularity University's Global Solutions and Accelerator programs.