Fort Worth, TX

Redesigned project to pencil; stabilized smallest units in Fort Worth in 1 mo. at +250% $/sqft

Find out How

+24 units

Density boost, despite 1 less building (2 v. 3)

33%

Reduction in construction costs

1 mo.

To lease all 54 units (100% lease-up)

Problem

Development plan did not pencil: 3 total buildings, with 30 one-bed and two-bed units. The Development team was looking for a way to make the project work in a market they believed in.

Solution

The developer used an Ori designed spec studio to redraw their entire site; nearly doubling the total unit count (from 30 to 54) while reducing FAR and decreasing their total construction cost.

Result

The project penciled and was a huge success, bringing modern and desirable yet attainable apartments to Fort Worth. The building leased in 30 days, without concessions, all while rents increased from the $950 that was underwritten to $1,250 – still $400 below market average for studios, but 250% above Fort Worth’s average $/sqft.

Aalto mobile app UI with two home listings and a title at the top saying 12 new matches

Aalto mobile app screen showing Seller Q&A with collapsable questions and answers

Mobile screen showing a kitchen with a virtual tour badge

"We've never leased a building so fast"

- CEO

About the Building

CoHo is more than a home, it’s a community. We’ve added high tech built in-furniture and creative gathering spaces that empower you to spend your time and money on what matters to you, rather than the high-priced rent of a traditional studio. Become a part of something bigger than yourself in the ever-evolving South Main neighborhood.