Historic downtown Grapevine has always been a charming attraction, and now the area is about to hit a huge growth spurt. Bob Farley, Director of Economic Development for Grapevine, says they've “had almost $700 million worth of projects announced in the last 26 months--that's a lot of stuff”! Here's the SparkNotes version of what we can expect:
Construction of $1 billion+ TEX Rail line that will link downtown Fort Worth to DFW Airport
The city is designing a new commuter rail station set to open in 2018 and mixed-use project near the historic Cotton Belt Railroad.
Next to the station, there will be a small boutique hotel (probably about 120 rooms), and a plaza will sit between the station and Main Street.
A Dallas-based apartment developer has broken ground on a rental community near the rail line on Dallas Road. The dual buildings with 250 units will include retail space, a dog park, and additional parking for the area.
The Gaylord Texan recently completed a $5MM expansion of its swimming pool resort area. Now it's taking on a $120MM expansion that will add 300 hotel rooms and 86,000 sq. ft. of meeting space!
A Wisconsin-based developer is also planning to begin work next year on a $330MM Grapevine resort that will feature a waterpark, miniature golf, laser tag, rock-climbing, restaurants and a spa.
Mercedes-Benz is building a regional parts warehouse and training center on Lakeside Parkway.
Kubota Tractor Corporation's North American headquarters is relocating to the same area from Southern California. The $50MM campus is located just north of DFW Airport and will be fully operational by late January.
#Grapevine is just another example of booming North Texas! For all of your #DFWRealEstate needs, contact me at Clay@RogersHealy.com.
To read more from the Dallas Morning News, click here.
Author:Clay Vonder Hoya Phone: 214-549-8054 Dated: February 8th 2017 Views: 35 About Clay: ...
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