Page 62 - ArlingtonFY24AdoptedBudget

Business Plan

Medal of Honor Museum
Type: Museum Main 7 Date
In October 2019, the NMOH Museum announced that Building Permit Issued Dec. 2020
Arlington would be the home of their new museum. The Certificate of Occupancy Issued Pending
site will be in the Entertainment District.
Bowery Farming, Inc. Date
Main 7 Tenant building Permit Issued June 2022
Type: Housing Development Project Complete (CO Issued) Pending
Capital Investment: $14.7 million
Townhomes: 53 Wallbox USA, Inc. Date
Deal: The Arlington City Council approved a Tax Increment Shell Building Complete Dec. 2021
Reimbursement Agreement by and between Savannah Tenant Building Permit Issued Apr. 2022
Main 7, LLC relative to the construction of the Project Complete (CO Issued) Pending
development at the corner of W. Main Street and Cooper
Street in June 2020.
Park Place Date
Bowery Farming, Inc. Tenant Building Permit Issued Oct. 2022
Type: Indoor modern farming operation Project Complete (CO Issued) Pending
Capital Investment: $20 million
Size: 205,000 sq. ft.
Employees: 90 Boss Office Date
Deal: Chapter 380 Grant Agreement of 35% for 7 years on Building Permit Issued Pending

City taxes paid on business personal property and waiver Project Complete (CO Issued)
of building permit fees for the cost of installation of
equipment, machinery, and furnishings in the building. Sutton Frost Cary Date

Wallbox USA, Inc. Building Permit Issued Pending
Type: First North American and U.S. manufacturing Project Complete (CO Issued) Pending
operation
Capital Investment: $70 million Boss Office
Size: 129,000 sq. ft.
Employees: 144 up to 250 Type: Flexible Office Space
Deal: Arlington City Council approved a Chapter 380 Grant Capital Investment: $25 million
Agreement at 80% for 7 years on business personal Size: 32,000 sq. ft.
Employees: TBD
property and building permit fee waivers to reduce the Deal: Arlington City Council approved a Chapter 380 Grant
costs to retrofit the facility and ramp up the operation.
Agreement and 75% tax abatement. The Chapter 380
Park Place Agreement waives all development fees for the project.
Type: Mixed Use Retail and Residential Sutton Frost Cary
Capital Investment: $38 million Type: Corporate building near the intersections of Front St
Size: 14,777 sq. ft. of retail
Employees: TBD and Mesquite St. in Downtown Arlington
Deal: Arlington City Council approved a Chapter 380 Grant Performance Grant: $122,000
Agreement for $220,000 to incentivize finish out of Size: 25,000 sq. ft. of office space
Deal: Located in Tax Increment Reinvestment Zone #1, the
flooring and HVAC in first floor retail of development,
which offsets the cost of public improvements the project will receive TIRZ #1 funding to assist in the public
developer took on during construction. improvement costs associated with the development.

FY 2024 Adopted Budget and Business Plan 53 City of Arlington, Texas