Georgetown City Council approved a $500,000 infrastructure grant Tuesday to help TIG Real Estate Services build a 98,000-square-foot retail and office development on Westinghouse Road.

The $16 million project, called the Westinghouse Business Center, will break ground later this month on Westinghouse Road between FM 1460 and Mays Street. Construction should take about 8 months, according to a news release.

“The Westinghouse Business Center is a win for Georgetown because it meets the biggest need we have, which is available space for businesses to move into quickly,” Mayor Dale Ross said in the news release.

The half-million dollar grant, which is part of an economic development agreement between the city and developer, will help TIG pay for utility installation and a new left-turn lane into the property.

The development will include facilities for offices, light manufacturing and research uses, according to Tom Pardee, a senior vice president with TIG. Plans also include two retail building sites located along Westinghouse Road.