Feature Photo: Artist rendering for the industrial complex portion of the TIRZ by the City of Georgetown.
by Art Benavidez
Georgetown (Williamson County) — The Dallas office of a national real estate developer received approval of their stormwater permit for a proposed warehouse development during the Feb. 16 meeting of the Planning and Zoning Commission.
Jackson Shaw will begin Phase I of the North Georgetown TIRZ this year with 400,000 square feet of industrial space within three buildings, according to the proposed concept map.
The 61.72-acre (4,848,439 SF) property is part of a bigger 220-acre project that is located at 4811 North Interstate 35 within the city’s extraterritorial jurisdiction.
Jackson Shaw is proposing to develop the warehouse portion of the project under the working title Jackson Shaw 220 Acres Phase 1.
The overall site plan shows:
- A 204,120 square foot warehouse building
- A 145,848 square foot warehouse building
- A 138,599 square foot warehouse building
- 47.52% (29.33 acres) impervious cover
- 829 parking spaces
Austin-based Pacheco Koch are serving as the civil engineers and landscape architect, led by Hollis Scheffler and Anne Harman, respectively.
VBX last reported on the project in January when Jackson Shaw and the city entered into negotiations for an economic development agreement to establish a new 222-acre tax increment reinvestment zone (TIRZ 6).
Phases II and III will include 1.7 million square feet of further industrial development. After Phase II, the project will also include 388 multifamily units and 392,000 square feet of commercial space in unspecified phases.
The TIRZ will also finance one off-site public infrastructure improvement project, the Dry Berry Creek Interceptor, to bring over 12,000 linear feet of 36-inch sanitary sewer trunk line to the site. The line will run along the Dry Berry Creek bed to connect with the Berry Creek Interceptor at an estimated cost to the project of $10 million.
An economic agreement will give Jackson Shaw up to $8.5 million through a 15-year tax abatement schedule that begins in 2024. Jackson Shaw’s obligations include a $24 million investment in capital expenditures.
Additionally, Jackson Shaw has an economic agreement with Georgetown Transportation Enhancement Corp. to design and construct an extension of FM 972 at a cost $4.6 million.
VBX Project ID: 2022-0022
art@virtualbx.com
