The 935,000-square-foot center is expected to bring in 1,000 jobs and generate $860,116 of annual tax revenue.
“This project has a huge impact on the community with job creation. That’s really what it’s all about; that’s what we get most excited about and the most proud of is new jobs,” said Jed Momot, chief strategy officer of NorthPoint Development. “This project created over 900 new jobs for the local community here in Kyle [and puts] over $26 million in new wages back into the local economy.”
Planning for Plum Creek began in 1994, and the first homes were built in 1999, according to Momark Development President Terry Mitchell. He said, despite how quickly the development seems to have progressed, “it’s a 25-year overnight success.”
Kyle Mayor Travis Mitchell said, in having conversations with various mayors and city council members of neighboring cities, Kyle is “very blessed” to have partners come and invest their time and money in the city.
“We are the Pie Capital of Texas; it’s something we embrace, we enjoy,” he said. “We also try to have sort of a friendly spirit with each other and be business-friendly, and that is challenging in these times when there’s so much demand, but it takes great partners to get through problems. ... But we’re committed to this community, and we’re happy to have partners who are equally committed.”
The new businesses celebrated during the ceremony included American HVAC Metals Supply Inc., Lanter Delivery Systems, Outer Aisle Gourmet, Plastikon and Viking SupplyNet. The sixth business has not been listed yet.
Director of Economic Development Diana Blank-Torres said this project is a perfect example of some of the core principles of economic development: job creation and diversification of the economy.
“We really welcome you all to our very quickly growing Kyle business community,” Blank-Torres said. “We’re excited to have you joining us in setting the gold standard for the city of Kyle and Central Texas.”