Support Us Button Widget

The City of Fort Worth sold the Central Library for $18 million

What’s next for the building at 500 W. Third St.?

Photo of Greek Revival style library facade

If you’re interested in a memorial brick, add your name and contact information to stay informed.

Photo by @FTWtoday

On Tuesday, the city council voted to sell the Fort Worth Public Library’s Central branchlocated at 500 W. Third St. — for $18 million to national real estate investment firm Dart Interests, LLC.

The city listed the 250,000-sqft building in February 2022, citing a 45% decrease in usage since the 2020 shutdown. The listing required prospective buyers to invest at least $100 million into the property and redevelop it as a mixed-use project with office and residential space.

The city is planning to relocate resources and distribute collections among the other 17 FWPL branches, following guidelines from the 2019 Library Facility Master Plan. The Central Library’s genealogical archives were moved back in October with the new FWPL History Center.

The library will remain open until the summer of 2023, and as part of the sale, the city will be allowed to lease back a portion of the future space for $1.14 million for one year.

More from FTWtoday
Looking for festive fun for the whole family? These two events in town are sure to bring the holiday cheer.
We’re getting closer to the end of the year, and thanks to the winter outlook from the Climate Prediction Center, we have an even better idea of what winter weather will be like in Fort Worth this season.
Go rustic with these stucco and tile houses for sale around DFW.
The Stockyards museum now features new items such as handwritten notes, props, and artwork.
We’re taking a minute this November to appreciate the things we love most about Cowtown.
The Fort Worth-based heathcare system will add a new tower to its Medical District location, expanding its neonatal and pediatric intensive care units.
Historical markers are physical signs, plaques, and statues that commemorate a significant place or event. Where would you like to see a historical marker around Fort Worth?
This week, Asana Partners unveiled plans to redevelop 65,000 of its 98,000-sqft area known as the Foundry District.
Use our seasonal guide for fall and winter events happening around the city.
Goldee’s Barbecue, Panther City BBQ, and Birrieria Y Taquieria Cortez were among the Texas restaurants recognized by the Michelin Guide.