PNC Bank signs up for office in new Fort Worth mixed-use project

A new Fort Worth mixed-use project has landed a major financial firm as one of its first tenants.

Crescent Real Estate is building its $250 million Crescent development west of downtown near Will Rogers Coliseum and across the street from the Kimbell Art Museum and Modern Art Museum.

Started in 2021, the project includes a 200-room luxury hotel, a 170,000-square-foot office building and 170 luxury residential units.

PNC Bank signed a lease for nearly 15,000 square feet of office space in the development to house corporate, commercial and private bank workers. The office will open early next year.

“PNC Bank continues to grow our business and the number of employees in both Dallas and Fort Worth,” PNC’s Dale Klose said in a statement. “We recently increased our office space in The Crescent in Dallas, and now we are growing our footprint in the heart of Fort Worth.”

Crescent Real Estate, which is best known for its landmark properties in Dallas’ Uptown district, is also planning to locate its headquarters in the new Fort Worth development, which is opening soon.

Denver-based OZ Architecture and Dallas’ GFF designed the project.

“We have created a vibrant mixed-use development, and having a high-quality national bank like PNC whose local leadership team is focused on North Texas is the right fit for this space,” John Goff, chairman of Crescent Real Estate, said in a statement.

The Crescent development is one of several new commercial real estate projects underway in Fort Worth’s Cultural District.

“PNC has long recognized the power of arts and culture and the positive role it plays in a community,” Brendan McGuire, PNC regional president for North Texas, said in a statement. “Relocating to The Crescent Fort Worth will help us tap into the vibrancy of Fort Worth’s Cultural District and inspire an exciting work environment for our teams.”