The gist
Lewisville City Council members unanimously approved an economic development agreement with Old Town Craft during a Nov. 18 meeting. The company intends to open a beer garden and food truck eatery on a 0.6-acre lot at the corner of Charles and West Main Streets.
The project was announced earlier this year after council members approved a special use permit for a bar and food truck park in June.
As part of the agreement, Old Town Craft is proposing to invest $800,000 at minimum to redevelop the lot, according to a staff memorandum. The agreement approved by council also confirms a lease of up to seven years for the city-owned property.
The project aligns with Lewisville’s 2025 vision plan and the council’s mission to attract a brewery or beer garden to Old Town Lewisville, according to the memorandum.
“This project will attract both residents and visitors to Old Town, increasing foot traffic and activity throughout the area, and it will build on its ongoing success as a destination to live, work, and play,” the memorandum states.
The details
The agreement authorizes several incentives for the developer including:
- A waiver of all building permit fees associated with the project
- A grant covering 100% of all water and sanitary impact fees paid to the city for the project
- A grant covering up to 50% of tenant and/or improvement costs for both buildings (maximum allowable grant is $80,000)
- A grant covering up to 50% of the cost to paint a mural on the building at 207 Elm St.
- A grant of up to $75,000 to plant up to five mature trees on the property
- Lewisville’s Utility Fund
- The Old Town Facade Capital project
- Tree mitigation fund
- Tax Increment Reinvestment Zone #1
Under terms of the agreement, Old Town Craft will redevelop two buildings on the same lot to add the following features.
- 206 W. Main St.
- Bar
- Beer garden
- Gaming area
- Art yard
- 207 Elm St.
- Tap room with a heavy emphasis on Texas craft beers
- Large bar
- Roll up doors
- Minimum of three food trucks
The project is expected to open in August 2025, according to a staff memorandum.
Also of note
The city is leasing the property out for an initial five-year term. Both parties will have the option for a 24-month renewal during the fifth year.
The city will not collect rent for the first six months after the project opens. Once the abatement period is over, monthly rent due to the city is expected to be $2,500 per month in the first year. That total can reach $8,000 a month in year seven if both parties renew.