The development will include 202 luxury, loft-style apartments as well as 8,000 square feet of new retail, restaurant and office space.
Upon completion, the development will consist of two six-story buildings located on either side of South Mill Street — one at the northwest corner of Elm Street and the other at the southeast corner of Main Street. Once built out, the development will also include 175 public parking spaces.
Construction is expected to start soon after utility relocations wrap up in the next 60 days, with “actual construction” pegged to start in January 2021, said Jason Moore, economic development director with the city of Lewisville. Construction is expected to take 18-24 months to complete, he said.
The $35 million project will be a significant stride toward developing Old Town into “a dynamic environment for living, dining and entertainment,” Moore said in a previous Community Impact Newspaper article.
The development is expected to bring several benefits to Lewisville. Not only will Main & Mill provide residential density in the immediate core of Old Town, but it will also increase public parking in the core and generate over $200,000 annually into the Tax Increment Reinvestment Zone No. 1. That will ultimately provide more dedicated dollars for public improvements in Old Town, according to Moore.