Irving, Texas. May 16, 2014 –
The 78-acres of city-owned property located at State Highway 114, State Highway Loop 12 and State Highway 183 may not look like much now, but the City of Irving and national developers know its value and potential. That was the reason for hosting two public input sessions earlier this year, which allowed residents to provide feedback on proposed plans for the site’s future development.
More than 110 residents attended the sessions to hear presentations from OliverMcMillan representatives, the national development firm working with the city. OliverMcMillan is now collaborating with a team of consultants to take the community’s feedback and finalize a site program that includes building retail, residential, office, hotel and community spaces. OliverMcMillan also plans to work with local construction and engineering consultants to create a budget that fully supports the project while keeping good financial stewardship in mind.
“We are pleased that Irving residents took the time to attend our public input sessions,” said Mayor Pro Tem Gerald Farris. “Our citizens have a seat at the table and we appreciate the time they gave to help make this future project successful and beneficial for the community.”
The city has been working with OliverMcMillan since January to determine potential development ideas for the site. City leaders and staff said the goal is to make the area a place where Irving residents can live, work and shop.
During the public input meetings, representatives with OliverMcMillan showed various design proposals. The plans presented were selected from ideas originally pitched to OliverMcMillan and city representatives in February. Irving city staff, members of city council and key stakeholders were among more than 70 people who participated in a two-day planning session, led by OliverMcMillan.
The site is under contract with the Texas Department of Transportation (TxDOT) until 2019, although the city can be released from the contract before it expires. TxDOT is using the area as a staging area to support construction on the nearby highway projects in an effort to accelerate the construction process.
OliverMcMillan is known for creating high-quality, mixed use developments that include retail, lofts and office space. Company executives said they hope to finalize a development agreement this July, and if that occurs, a grand opening could be possible as early as 2017.
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