The Travis Avenue Apartments are going to be a welcome addition to the Near Southside area in Fort Worth.
If you’ve driven down Travis Avenue, no doubt you’ve seen the construction on the four-story structure. The mixed-use building totals more than 30,000 S.F., and will feature 24 apartments on the top three floors. Each apartment will feature granite countertops, vinyl wood flooring, plenty of windows and a Juliet balcony. Additional features include a rooftop terrace and a limited number of garage spaces.
The ground floor will offer commercial space as well as medical office space. Dr. Bajaj is the proud owner of this project, and we are grateful for the opportunity to bring this project to life.
What are the advantages of a mixed-use building? It’s one of our specialties, so please contact us if you’d like more information.
Mixed-use design, or mixed-use architecture, has been around since the 1900‘s. At that time, the design was unique in that it featured two stories: the first floor was used for retail, offices or some other kind of business, while the second floor was a residence for rent or hotel. From the 1900‘s through the 1920‘s, you could find these buildings surrounding many town squares throughout the country.
This type of building was popular for two reasons. First, it offered security. If the business on the first floor wasn’t performing as expected, rent from the second floor provided revenue to the owner. Second, two floors gave the building presence. Sure, owning a one-story building was (and still is) a big deal, but adding a second floor gave weight and heft to the structure.
What Happened to Mixed-Use Buildings?
As the country grew and cars became common, mixed-use buildings lost their cachet. Cities began segregating and zoning just about everything. After all, we could now drive everywhere we needed ... we could find every business we wanted. Approach any intersection and you’d find a strip center on just about every corner with single-story businesses packed next to each other.
Today, If you look at one-story commercial buildings, they may be 20-foot in height to give
the building some presence, but much of that height is wasted space (and wasted money).
Why Is Mixed-Use Making a Comeback?
First, many urban neighborhoods are attempting to become more pedestrian-friendly. When you leave your apartment, it’s nice to walk or bike to a Walgreen’s - maybe meet friends for a hand-crafted beer or grab an Italian gelato.
Second, not everyone is going to realize a massive profit just because they buy and sell a home. Renting continues to be an attractive option for millennials and empty-nesters who’re looking for alternatives - especially in downtown areas.
Thinking About a Mixed-Use Building?
Interestingly, when mixed-use projects began making a comeback in Fort Worth, there were no codes for these kinds of buildings. Today, we know every need and requirement for these projects. I have completed 16 mixed-use projects in Fort Worth ... In fact, my architecture firm’s building in Near Southside is a mixed-use building.
As in the past, the owner of a mixed-use building typically has their medical practice, retail space or business offices on the first floor with residences above. And in every case, a second floor of boutique apartments is bringing the owner revenue they would not otherwise be receiving.
If you’re thinking about a mixed-use building, please give us a call. And if you’re stopping by, feel free to bring some gelato. Melt Ice Creams is just a few blocks away.
The Travis Avenue Apartments, owned by Dr. Bajaj, are taking shape. The 30,500SF mixed-use building will consist of four floors. The ground floor will feature commercial and medical office space while the top three floors will house 25 residential apartment units.
The project is located on Travis Avenue in the Near Southside neighborhood of Fort Worth. It’s expected to be completed in the Spring of 2016.
What are the advantages of a mixed-use building? It’s one of our specialties so feel free to contact us if you would like more information.