Funding type
This project is privately funded, on private land for private use.
The Bonnie Phase 1 in Fort Worth, TX
251 W. Peter Smith ST, Fort Worth, TX, 76104
The Bonnie Phase 1 is a new construction project at 251 W. Peter Smith ST, Fort Worth, in Tarrant County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Under construction, estimated completion Dec 2026. The project has an estimated value of $60.0M across about 364,945 sq ft.
- Estimated project value
- $60.0M
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 364,945 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $164/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 6 months
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
4 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordReview complete · TDLR filing
The filing records completion of the accessibility review.
Same day as the preceding date shown.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
342 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
183 days after the preceding date shown.
Source: TDLR filing
View source record
📰About The Bonnie Phase 1
The Bonnie Phase 1 is a new construction project at 251 W. Peter Smith ST in Fort Worth, Tarrant County. This development consists of 253 apartment units spread across four-story wood-frame buildings, accompanied by a precast concrete garage. The total project size is 364,945 sq ft, with an estimated cost of $60,000,000. The site includes two courtyards featuring a pool, a club, leasing offices, mail rooms, co-working spaces, and other amenity areas.
Ojala Holdings is the owner and developer of record for this private, privately funded project. HLR Architects serves as the design firm of record. Lori J Chandler is the registered accessibility specialist associated with the filing. The project was registered with TDLR in June 2025, and plan review was completed in the same month. Construction is scheduled to start in June 2026 and is scheduled to finish in December 2026.
Project Scale and Context
The estimated cost of $60,000,000 places this project above the county median for new construction filings in Tarrant County. The median estimated cost for similar filings is $800,000, with the middle half ranging from $300,000 to $2,600,000. The median size for these filings is 8,184 sq ft, while The Bonnie Phase 1 is significantly larger at 364,945 sq ft. The computed cost per square foot is $164, which is above the county median of $120 per square foot.
The scheduled build window for The Bonnie Phase 1 is 183 days, which is close to the county median of 214 days. Ojala Holdings has one other TDLR-registered project totaling $2,000,000, a leasing office and retail shell space in Dallas with review complete. HLR Architects has six other TDLR-registered projects totaling $318,950,000, including a $40,000,000 project in Addison and a $170,000,000 project in Mansfield, both with review complete.
City of Fort Worth permit records show six commercial building permits on file at this street address, issued between July 2025 and July 2025. The declared valuations on these permits total $48,132,752. The most recent permit descriptions reference phase areas of a four-story, wood-framed multifamily apartment building. The TDLR status for The Bonnie Phase 1 is Review Complete.
Review Complete
Design review complete, construction may proceed
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The Bonnie Phase 1 is a New Construction project located at 251 W. Peter Smith ST, Fort Worth, TX 76104 in Fort Worth, Texas. The project has an estimated value of $60.0M covering 364,945 sq ft. Ojala Holdings is the property owner and HLR Architects is the design firm of record. The project was registered with TDLR on June 24, 2025.
Frequently Asked Questions
When is The Bonnie Phase 1 scheduled to finish?
Construction is scheduled to finish in December 2026, with work starting in June 2026.
Who is the developer of The Bonnie Phase 1?
Ojala Holdings is the owner and developer of record for this project.
What is the estimated cost of The Bonnie Phase 1?
The estimated cost is $60,000,000 for 364,945 sq ft of new construction.
Is The Bonnie Phase 1 open for occupancy?
The TDLR record shows plan review is complete and construction is scheduled to finish in December 2026.
What is The Bonnie Phase 1?
The Bonnie Phase 1 is a new construction project at 251 W. Peter Smith ST in Fort Worth, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: 253 apartment units in 4-story wood frame apartment buildings with a precast concrete garage. 2 courtyards with a pool, Club, Leasing, mail, co-working and amenity areas.
Is The Bonnie Phase 1 open in Fort Worth?
The Bonnie Phase 1 is still under construction in Fort Worth, TX, with an estimated completion of Dec 2026 according to its TDLR registration.
Where is The Bonnie Phase 1 located?
The Bonnie Phase 1 is located at 251 W. Peter Smith ST, Fort Worth, TX, 76104, in Tarrant County.
Who is the owner or developer of The Bonnie Phase 1?
Ojala Holdings is the property owner/developer of record for The Bonnie Phase 1, per its TDLR project registration.
Who is the architect or design firm for The Bonnie Phase 1?
HLR Architects is the design firm of record for The Bonnie Phase 1, according to its TDLR filing.
How much does The Bonnie Phase 1 cost and how big is it?
The Bonnie Phase 1 has an estimated construction value of $60.0M and approximately 364,945 square feet (about $164/sqft), based on its TDLR filing.
Scope of Work
253 apartment units in 4-story wood frame apartment buildings with a precast concrete garage. 2 courtyards with a pool, Club, Leasing, mail, co-working and amenity areas.
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
251 W. Peter Smith ST, Fort Worth, TX, 76104
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Related Projects
Same Owner
$71.0M totalSame Design Firm
$165.2M totalRelated City Permits
Building permits found at or near this location
X TEAM /// Phase area 1 of a 4-story, wood-framed multifamily apartment complex. See related records for additional building permits, including the parking garage. NZ25-00401
X TEAM /// Phase area 2 of a 4-story, wood-framed multifamily apartment complex. See related records for additional building permits, including the parking garage. NZ25-00401
X TEAM /// Phase area 3 of a 4-story, wood-framed multifamily apartment complex. See related records for additional building permits, including the parking garage. NZ25-00401
X TEAM /// Phase area 4 of a 4-story, wood-framed multifamily apartment complex. See related records for additional building permits, including the parking garage. NZ25-00401
X TEAM /// Phase area 5 of a 4-story, wood-framed multifamily apartment complex. See related records for additional building permits, including the parking garage. NZ25-00401
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