More than 20 years after buying the Circle T Ranch, Ross Perot Jr.’s Hillwood Properties has put together a new development plan.
The developer wants to turn 128 acres at the entrance of the northeast Tarrant County property into a mixed-use development with offices, apartments and retail space.
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A $34 million mixed-use development meant to reshape Rowlett’s city center is expected to get underway Wednesday by a joint venture between The Integral Group of Atlanta and Catalyst Urban Development of Dallas.
The development, called the Village of Rowlett, will bring in a variety of building types and uses in a village-like environment to cater to local retailers, residents seeking modern housing and bringing in other commercial real estate options.
Read more on the Dallas Business Journal
Owners of a large commercial site near MoPac Expressway and Spicewood Springs Road hope a new plan for redevelopment will appeal to neighbors, who have opposed a zoning change.
Spire Realty Group LP, based in Dallas, has downsized the density of the original plan for Austin Oaks and tossed in about $10 million for transportation mitigation and along with other contributions for community amenities.
The new mixed-use plan — which would require a zoning change to Planned Unit Development, or PUD — has been circulated to a variety of neighborhood groups and submitted to the city for review. The original redevelopment plan was submitted last fall but met resistance.
Read more here on the Austin Business Journal