Southlake City Council approved Feb. 5 the development of a warehouse complex, Southlake Business Park, totaling nearly 182,000 square feet on 12 acres located at the south end of Bank Street. Plans for the development include three buildings to be used for industrial businesses.
The proposal for the project also includes the construction of roadway to connect Bank to Commerce Street to provide tenants with access. The development would provide several benefits to the city, according to a letter from the developer, Frontier Equity: It would help Southlake add to its existing tax base and attract businesses.
Council Member Chad Patton said there is a general concern about heavy trucks, such as box trucks and semitrailers, cutting through Southlake Boulevard and adding to an already congested area.
However, a traffic study conducted for the business park suggests that will be partly alleviated by the construction of a connecting roadway as proposed, and the volume of traffic generated by the development would be low during peak traffic hours.
Council members approved the development with a 6-0 vote. Council Member John Huffman was absent.
Build-out of the business park is estimated to occur 2019, according to submitted documents.