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Celina Approves $90 Million Retail Development With City's First Target
By Ruth Alcivar,
2 days agoC elina is getting its first Target , and it's bringing an entire shopping center along with it. The retailer will anchor Celina Towne Crossing, a $90 million commercial development planned for the northeast corner of Preston Road and Outer Loop. Celina City Council approved an economic development agreement for the project Nov. 10. Spanning approximately 45 acres, the development will add 359,000 square feet of commercial space to one of the city's growing retail corridors. What's Coming To Celina Towne Crossing? The centerpiece will be a 145,000-square-foot Target, joined by three junior anchor stores, two full-service restaurants and four strip retail centers. Plans also include a detention pond that will be enhanced with landscaping and converted into a water feature, along with space for public art and monuments designed to create a gateway into the development. The project adds to Celina's expanding lineup of major retailers, following the arrival of the city's first Walmart Supercenter and Costco . A $90 Million Investment Under the agreement, Celina will waive approximately $7.5 million in building and impact fees in exchange for the developer investing at least $90 million in buildings and infrastructure. To qualify for the incentives, the Target and three
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