KYLE, TEXAS — Central Southwest Texas Development in partnership with Kyle Economic Development will be hosting a groundbreaking for Kyle Crossing Phase II on Tuesday, March 22 at 10 a.m.
Kyle Crossing Phase II is a Central Southwest Texas Development project that has initiated a $90M capital investment in the Kyle area. Once fully operational, the project is estimated to generate roughly $1.2-$1.6 million in annual tax revenue.
Speakers for the ceremony will include Project Developer for Kyle Crossing Phase II Travis Sawvell and Kyle Mayor Travis Mitchell.
Kyle City Council approved a Chapter 380 agreement with Central Southwest Texas Development, LLC for Kyle Crossing Phase II project during the Thursday, Dec. 16, 2021, meeting.
The development includes two tracts of land totaling 38.5 acres. The North Tract is 19.1 acres located at the southwest corner of Marketplace Avenue and FM 1626 and the South Tract is 19.4 acres and fronts Marketplace Avenue to the southeast of Physician’s Way.
The North Tract will have up to 16 buildings with a courtyard and amenity center. Nine of the buildings will be restaurants or retail spaces while the remaining buildings are planned mixed-use (commercial/residential), with a cumulative minimum of 18,000 sq. ft. of commercial space. The South Tract will have a mixed-use, multi-family project with a minimum cumulative build-out of 15,000 first floor commercial space.
"We're thrilled to break ground on Kyle Crossing Phase II," Kyle Mayor Travis Mitchell said. "This vertical mixed-use development will bring a tremendous amount of residential, hospitality, and retail as well as bicycle and pedestrian-friendly destinations to create a communal and economic hub for our residents and visitors.”
Central Southwest Texas Development has committed to developing a pedestrian bridge or tunnel, connecting the northern parcel over the railroad tracks to allow for additional connectivity through Plum Creek, the Brick and Mortar District and the citywide trail system. The developer will also donate 3.56 acres of land to the city, located behind Target along Physician’s Way and construct material portions of the Vybe trail system.
For more information about Kyle Crossing Phase II, go to https://property.jll.com/listings/kyle-crossing-sec-kyle-pkwy-seton-pkwy-not-tracked-texas.