Page 421 - FY 2025 Adopted Operating Budget and Business Plan

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Main 7
Type: Housing Development Update:
Capital Investment: $14.7 million Project is expected to seek amendments to incentive
Townhomes: 53 structure with anticipated increases in budget, square
Deal: The Arlington City Council approved a Tax Increment footage, and impact.
Reimbursement Agreement by and between Savannah
Main 7, LLC relative to the construction of the Wallbox USA, Inc.
development at the corner of W. Main Street and Cooper Type: First North American and U.S. manufacturing
Street in June 2020. operation
Capital Investment: $70 million
Update: Size: 129,000 sq. ft.
The first 30 units of the Main 7 townhouse development Employees: 144 up to 250
have been completed and 23 additional units have been Deal: Arlington City Council approved a Chapter 380 Grant
permitted. Post COVID-19 building materials shortages Agreement at 80% for 7 years on business personal
have significantly slowed down construction schedules. property and building permit fee waivers to reduce the
Fourteen of the most recently permitted units are almost costs to retrofit the facility and ramp up the operation.
complete
Update:
Bowery Farming, Inc. Wallbox is moving forward with their expansion plans.
Type: Indoor modern farming operation They are currently undergoing some corporate executive
Capital Investment: $20 million management changes that is intended to position the
Size: 205,000 sq. ft. company for future success. Staff has been meeting with
Employees: 90 old and new leadership to bring them up to speed on the
Deal: Chapter 380 Grant Agreement of 35% for 7 years on relationship with the city and the current economic
City taxes paid on business personal property and waiver development agreement that is in place to support their
of building permit fees for the cost of installation of future growth in Arlington. Staff is also exploring new
equipment, machinery, and furnishings in the building. ways and opportunities to continue to support the
company. One example is introducing them to external
Update: partners who are committed to providing resources to
Internal finish-out is still underway as they are installing a ensure their success.
large amount of machinery to accommodate the internal
farming operation. Additional floor improvements have Park Place
been made to accommodate the added weight of the new Type: Mixed Use Retail and Residential
equipment. Building is largely completed; however, the Capital Investment: $38 million
project has stalled due to Bowery’s need to find a major Size: 14,777 sq. ft. of retail
retailer to buy their produce. Company is working with Employees: TBD
regional grocers in Texas to be considered in supply chain Deal: Arlington City Council approved a Chapter 380 Grant
and purchasing decisions before making final Agreement for $220,000 to incentivize finish out of
improvements to their building. flooring and HVAC in first floor retail of development,
which offsets the cost of public improvements the
Boss Office developer took on during construction.
Type: Flexible Office Space
Capital Investment: $25 million Update:
Size: 32,000 sq. ft. Staff continues to work with the developer to ensure they
Employees: TBD stay in compliance with an economic development
Deal: Arlington City Council approved a Chapter 380 Grant performance agreement. They are still evaluating new
Agreement and 75% tax abatement. The Chapter 380 companies who may be interested in occupying the vacant
Agreement waives all development fees for the project. tenant spaces. Currently, the developer is working with
the County and going through the certification process to
ensure accurate and appropriate details are being
captured relative to the project. Tenant spaces are being
built out on a case-by-case basis to support arrival to the
development. Staff looks forward to the continued
working relationship.

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