An agreement that closes Irving’s development partnership with Heritage District LLC will result in the city gaining ownership and control of all 85 properties in Heritage Crossing, with 17 tracts of land ready for development.
The categories of a final settlement to purchase properties and cover costs associated with the real estate in Heritage Crossing are listed below:
- Acquisition of Properties
- Comerica
- Vista
- Iowa Street
- Reimbursement for site preparation related to all properties
- Final consultant agreement obligations
By involving multiple developers in this initiative, the city can accelerate the development of Heritage Crossing and focus on bringing more businesses and living options to Irving’s historic downtown area.
Heritage Crossing has welcomed 19 new businesses in recent years and eight existing businesses have undergone aesthetically pleasing makeovers in line with newly adopted district design guidelines.
To keep the community informed of future happenings in Heritage Crossing, updates will continue to be provided at City Council meetings.
