Fort Worth is about to see something it hasn't seen in quite some time: thousands of new apartments.
The buildings are planned for popular neighborhoods on the near-south and near-west sides. Some are already being built, while others are awaiting financial backing. But within the next 24 months, more than 2,000 new units could be ready for renters.
Developers say that young professionals, jaded by watching their parents' homes lose value during the recession, are flocking to rental properties. In addition, it's harder to qualify for mortgages, and multifamily projects are about the only commercial lending happening right now.
Read more...2,000 apartments planned for near-south and near-west Fort Worth via Star-Telegram.com
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