Fort Worth Council Will Vote on Downtown Property Sale

The city council will consider a $4.3 million offer for four downtown properties on October 13.

Updated on Sept. 29, 2026 in Openings & Closings

Bold flat-color editorial illustration featuring four stylized, stacked municipal building volumes representing urban property assets in a city development context. — The Fort Worth City Council will vote October 13 on a $4.3 million proposal to sell four city-owned downtown properties to Jun Crown Properties. AI Illustration. Upload story photo >

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Fort Worth City Council is set to vote October 13 on the sale of four city-owned downtown buildings to Jun Crown Properties for $4.3 million. The properties became surplus after 1,600 municipal employees relocated to the new city hall.

Why it matters

The proposed sale aims to divest the city of older downtown assets that were vacated after the consolidation of city services. Repurposing these sites could influence future development in the central business district.

The deal includes four properties totaling 222,239 square feet on 1.32 acres, including a 338-space parking garage. The city listed the assets for sale in 2024 following the employee transition to the new city hall at 100 Fort Worth Trail.

The players

Jun Crown Properties

This is the real estate investment firm that submitted the $4.3 million offer to purchase the city-owned downtown assets.

Fort Worth City Council

This is the governing body responsible for legislative decisions and the management of municipal assets in Fort Worth.

JLL

This is the global real estate services firm that served as the broker for the city during the property listing process.

The details

The package includes the Gordon Swift Building and the Lone Star Gas Company Building, with the city agreeing to repair and reinstall a blue neon flame sign before the sale. Jun Crown Properties will assume responsibility for the sign's maintenance, and the city utilized broker JLL to manage the transaction.

The city initially listed the properties for sale in 2024.
A letter-of-intent was signed on September 1, 2026.
City council members reviewed a report on September 29, 2026.
The official vote on the sale is scheduled for October 13, 2026.
The sale is projected to close by November 5, 2026.

Market Landscape

The divestment reflects a broader trend of local governments offloading legacy real estate as operations shift to centralized facilities. This move positions the city to reduce maintenance liabilities while potentially sparking redevelopment near the downtown core.

Residents may see changes to downtown parking availability and building usage as the new ownership takes over the 338-space garage and surrounding lots. The transaction marks the final step in transitioning city services to the new city hall facility.

The takeaway

The city's effort to sell these aging buildings signals an effort to optimize municipal holdings following the central city hall relocation. Local stakeholders should monitor the council's vote to understand how these downtown assets will be integrated into the area's future development.