Lewisville residents can expect to see construction in Old Town this spring as developer AMAC Holdings gets to work on Main & Mill, a $35 million mixed-use project, said Economic Development Director Jason Moore.
This will be a significant stride toward developing Old Town into “a dynamic environment for living, dining and entertainment,” he said. Construction is expected to take 18-24 months to complete.
In November, Lewisville City Council approved an economic incentive agreement with national real estate investment and development firm AMAC Holdings, which is set to build a six-story development consisting of a mixture of retail, residential and restaurant space.
“[Main & Mill] will provide residential density in the immediate core of Old Town, increase public parking in the core, and generate over $200,000 annually into the Tax Increment Reinvestment Zone No. 1, which will provide more dedicated dollars for public improvements in Old Town,” Moore said.
