VOLUME XX, ISSUE XX XXXXXXXXXX, 2020 2020 LEWISVILLE FLOWERMOUND HIGHLANDVILLAGE EDITION
ONLINE AT I
VOLUME 3, ISSUE 3 JAN. 8FEB. 4, 2020
Progress expected on developments in area cities From the rebuild of Kids Kastle to the development of Main & Mill and Lakeside Village, ocials say 2020 will be a year of growth.
TOP STORY TO WATCH IN 2020
Construction on Main &Mill is expected to begin this spring. (Rendering courtesy city of Lewisville, AMAC Holdings)
Old Town Lewisville to get a boost fromMain&Mill Lewisville residents can expect to see construction in Old Town this spring as developer AMAC Holdings gets to work on Main & Mill, a $35 million mixed-use project, Economic Development Director Jason Moore said. Council approved an economic incen- tive agreement with national real estate investment and development rm AMAC Holdings, which is set to build a six-story development con- sisting of a mixture of retail, residen- tial and restaurant spaces as well as structured parking. improvements in Old Town,” Moore said. The development, which will be located at the southeast corner of Main and Mill streets and the north- west corner of Mill and Elm streets, will consist of 201 luxury-style resi- dential units and 6,500 square feet of retail and restaurant space as well as structured parking, according to the economic incentive agreement. BY ANNA HEROD
This will be a signicant stride toward developing Old Town into “a dynamic environment for living, din- ing and entertainment,” he said. Con- struction is expected to take 18-24 months to complete. In November, Lewisville City
“[Main & Mill] will provide residen- tial density in the immediate core of Old Town, increase public parking in the core and generate over $200,000 annually into the Tax Increment Rein- vestment Zone No. 1, which will pro- vide more dedicated dollars for public
“This project will help set market rental rates for Old Town, which will bring even more urban developers here to invest,” Moore said.
Realty Capital is moving forward with the development of Lakeside Village in Flower Mound.
Highland Village’s 25-year-old, community-designed and -built playground will get an update in 2020.
Made with FlippingBook - professional solution for displaying marketing and sales documents online