Page 69 - FY 2025 Adopted Operating Budget and Business Plan

Business Plan Return to Table of Contents

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
Building Permit Issued Pending
Wallbox USA, Inc. Project Complete (CO Issued) Pending
Type: First North American and U.S. manufacturing
operation

Capital Investment: $70 million
Size: 129,000 sq. ft. Boss Office
Employees: 144 up to 250 Type: Flexible Office Space
Deal: Arlington City Council approved a Chapter 380 Grant Capital Investment: $25 million
Size: 32,000 sq. ft.
Agreement at 80% for 7 years on business personal
Employees: TBD
property and building permit fee waivers to reduce the
costs to retrofit the facility and ramp up the operation. Deal: Arlington City Council approved a Chapter 380 Grant
Agreement and 75% tax abatement. The Chapter 380
Agreement waives all development fees for the project.
Park Place

Type: Mixed Use Retail and Residential
Sutton Frost Cary
Capital Investment: $38 million
Size: 14,777 sq. ft. of retail Type: Corporate building near the intersections of Front St
Employees: TBD and Mesquite St. in Downtown Arlington
Performance Grant: $122,000
Deal: Arlington City Council approved a Chapter 380 Grant
Size: 25,000 sq. ft. of office space
Agreement for $220,000 to incentivize finish out of
flooring and HVAC in first floor retail of development, Deal: Located in Tax Increment Reinvestment Zone #1, the
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 2025 Adopted Budget and Business Plan 60 City of Arlington, Texas