Invest In Our Economy
The Arlington City Council identified“ Invest In Our Economy” as a vital component to ensure our community continues to thrive. From welcoming nationally known businesses or celebrating reinvestment and expansion of long-term corporate partners, Arlington continued striving to foster a pro-business climate and keep investment momentum going strong in The American Dream City.
City Celebrates 101 Center Groundbreaking
Downtown Arlington’ s revitalization continued with the November 2015 groundbreaking of Catalyst Urban Development’ s 101 Center mixed-use development project.
The six-story project, set to open in fall 2017 on the corner of Abram and Center streets, is a public-private partnership with the City. When complete, it will include 244 high-end residential units, more than 18,000 square feet of ground-level retail, restaurants and loft office space. 101 Center will also feature a 600-space structured parking garage with public parking spaces.
Summit Racing to Invest $ 82 Million
Summit Racing Equipment, which Development worked for three years bills itself as the world’ s largest direct to secure the Summit Racing deal. marketer of performance automotive In August 2016, the City Council parts and accessories, announced unanimously approved economic it would open a new $ 82-million development incentives to facilitate warehouse facility, retail super store and the project, expected to generate customer support center in Arlington. substantial property and sales tax
The 700,000-square-foot facility, revenue. Summit Racing’ s fourth U. S. location, is The development will also bring new expected to open in early 2017 at the jobs. By 2021, Summit Racing expects southwest corner of Interstate 20 and to employ an estimated 330 workers, SH 360. with average salaries ranging from Arlington’ s Office of Economic $ 37,994 to $ 56,910.
Champions Park Breaks Ground
Greenway Investment Company broke ground in December 2015 on the first phase of its $ 30 million Champions Park mixed-use development in the Entertainment District.
The project, located at the northeast corner of I-30 and Collins Street, will include four retail / restaurant buildings as well as four premier restaurant sites nestled into a half-acre festival park area. Several restaurants have signed leases, including Tokyo Joe’ s, The Social House and Urban Bricks Pizza, which is set to open in 2017.
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