Ground will soon be broken on the next phase of the Kyle Crossing mixed-use development. On Tuesday, March 22, 2022, Central Southwest Texas Development will partner with the with Kyle Economic Development Department for the groundbreaking celebration.
Kyle Crossing Phase II is a Central Southwest Texas Development project that has initiated a $90-million 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.
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.
The groundbreaking will take place in the field by Marketplace Avenue and Farm to Market 1626. Attendees are asked to park at the Kohl’s parking lot, 20185 Marketplace Ave., where attendees can be safely escorted across the street.
