Criterion Announces New Urban Residential Community in River East Neighborhood

Monica Penn • May 4, 2016

FORT WORTH, Texas, July 6, 2017 – Criterion Property Company, L.P. broke ground today on The River East a 322,019-square-foot mixed-use project at 2900 Race Street. The River East will have a modern design with space available for residential, retail and office use.

The Scenic at River East

FORT WORTH, Texas, May 4, 2016 – Criterion Property Company, L.P. broke ground today on The Scenic , the first new multifamily development in the reemerging River East neighborhood. The Scenic Residences at River East is a 276-unit Class-A multifamily development that is adjacent to Riverside Park in Fort Worth, Texas and will overlook both the Trinity River and downtown.

“It’s exciting to introduce a new generation of residents to the wonderful assets these established neighborhoods just east of downtown have to offer,” said Brandon Hancock, Criterion’s development manager for Texas. “With The Scenic development, these new residents of River East will experience an authentic urban lifestyle with access to local shops, restaurants, markets and parks. And it is only going to get better with the pedestrian and bike friendly improvements coming to nearby Race Street by the time our first residents are moving in. They will be minutes from one of the most walkable commercial cores in the DFW area.”

The Scenic provides a unique urban residential living experience with selected amenities and designer-appointed finishes throughout the studios, one-, and two bedroom residences. The property also offers exclusive two-story townhouse residences and boutique manor houses featuring custom finish packages.

The architectural design of The Scenic is modern, while acknowledging the style of the surrounding neighborhoods. The landscape design embraces the natural setting of bluffs, rock outcroppings and existing trees within the site, creating a walkable urban neighborhood feel that deftly interfaces with the pedestrian realm at public streets. The project also features a linear park that connects Embrey Place to Bird Street.

Residents have access to a large pool with a sundeck featuring preserved heritage trees, cabanas, lounge areas and in-water chaise chairs. There will also be a programmed indoor/outdoor pavilion featuring a lounge area, wet bar, flat screen TVs and games. Additional outdoor amenities include a grilling kitchen, large fenced pet park, fenced yards for most of the first-floor units, community gardening plots, pocket parks dispersed throughout the grounds and a connected trail system through the site. Residents will also have access to a postal center with an automated parcel kiosk system, fitness center, secure bike storage and a third-floor club room with co-working area, social lounge and terrace featuring views of downtown and the Trinity River.


About Criterion

Criterion Property Company ( www.criteriondp.com ) is a real estate operating company specializing in the development, construction management and asset management of multifamily communities. Dedicated to conducting all business with the utmost honesty and integrity, Criterion’s mission is to enhance and maximize the value of its assets for partners, lenders, investors and employees. With offices in Dallas and Boston, Criterion is actively seeking multifamily investment opportunities in Texas and the Northeast, focusing on the surrounding areas of Dallas, Fort Worth, Austin, San Antonio, Boston, Philadelphia, New York metro area and Washington, D.C. In these areas, Criterion will seek to identify multifamily development opportunities in “smart growth” areas, which are mixed-use areas of residential, retail and office space already served by key infrastructure components such as mass transit systems.

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By lkarls • March 11, 2021
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