Criterion announces opening of The Union at River East
- By Monica Penn
- •
- 02 Jan, 2019
FORT WORTH, TEXAS, January 1, 2019 - Criterion Development Partners (CDP) announced today that leasing has begun for The Union at River East, located at 2900 Race Street in Fort Worth, and the residential community is open for immediate move-ins. The mixed-use project is a state-of-the-art 4-story development anchored on Fort Worth’s historic Race Street, just northeast of downtown Fort Worth. The Union at River East includes retail and commercial spaces as well as studio, one- and two-bedroom units ranging from 599 to 1,286 square feet. Each residential unit features designer finishes, stainless steel appliances and modern cabinets with quartz countertops. A majority of the first-floor units provide fenced yards and 10-foot ceilings.
“We have created an environment that fosters community and welcomes young professionals looking for an innovative and vibrant location to call home,” said W. Pretlow Riddick, president of CDP. “We are reinventing the Race Street and River East neighborhood, aligning modern day amenities with the historical value of the area.”
The property features nine units dedicated to creative professionals that offer a storefront/working area paired with living amenities. Each of these units are located on the ground floor and open to a landscaped public courtyard.
“The Union was developed with the contemporary professional in mind every step of the way,” said Chad A. Colley, the Director of Development of CDP. “It is an incredibly unique live/work community that offers the conveniences of cutting-edge features and the luxurious comforts that will allow those who call The Union ‘home’ to live, work and create with ease and inspiration.”
The development also offers a state-of-the-art fitness room (U Fitness), package concierge service and a resort styled pool. Additional residential amenities include; a luxurious and spacious lounge, a sky lounge with a panoramic view of downtown Fort Worth and a billiard room. Residents will also have access to the co-work space, known as U Work, located on the ground floor. U Work provides professionals with membership-based office space without committing to long-term leases, and still provides the necessary business amenities for day to day working.
PT Fitness and CDP have partnered to provide residents and members with circuit fitness, group fitness and personal training. PT Fitness will operate daily out of the 2,200-square foot fitness space, U Fitness. Fitness classes, yoga, Pilates and other fitness services will be offered along with access to cardio equipment and weight machines.
The opening of The Union is the second development in the area by CDP. In 2017, Riddick and his team opened The Scenic at River East, a garden style apartment community located off Oakhurst Scenic Drive, overlooking the Trinity River. The development is also centrally located with immediate access to downtown, the hospital district and the Trinity River.
With all eyes regarding development on the Sullivan Square area right now, one project that will impact Charlestown – but is only slightly in the Town – has been approved and will be ready for construction in about 12 months.
Criterion Development, of Waltham and Dallas, permitted with the City of Somerville a major development on Cambridge Street in the Lost Village recently. That development will remake an entire half of a block, including reimagining the Somerville City Club, building out 205 residential units and eventually building a hotel on the Charlestown side of the property.
The L-shaped development tract was a little off the radar in Charlestown due to the fact that most of it lies in Somerville along the Inner Belt Road and across the street from the Somerville Holiday Inn – meaning that permits and processes were run out of Somerville City Hall and not Boston.
Jack Englert, of Criterion’s Waltham office, said they have permitted 205 units of housing and they will be rebuilding the Somerville City Club within the development. It will be reinvented as a pub or some other entertainment hub. The City Club is well known to those in the Town for frequently hosting Charlestown-themed boxing nights, as well as other functions over the years.
Englert said they typically build luxury units, so this development will include a full array of amenity space, with some modifications to that program due to COVID-19 lifestyle changes.
One piece of property that is in Charlestown – and was purchased late last year from Paradigm Properties (which has owned industrial and research/development properties on Roland Street since 2012) – will one day host a full-service hotel. It will be located on the corner of Washington Street/Cambridge Street and Inner Belt.
“That plan is out there when the industry comes back,” he said.
The plan is for one building, five stories tall that would include 400 spaces of parking to be shared between three uses – including an office space for Paradigm, the City Club and the residences.
“We should be delivering our first units in 24 months from now,” Englert said. “It could be a little less time. You’ll start to see some major activity there in about 12 months.”
Read more: https://charlestownbridge.com/2021/03/11/new-development-on-charlestown-line/