City Council approved a development plan June 16 that includes two multistory office buildings, three restaurant buildings and one parking garage to be built in two phases on approximately 5.8 acres in Southlake Town Square. The plan also includes the realignment of Reserve Street in order to accommodate the development layout.
Once Reserve is realigned, 27 on-street parking spaces will be installed on Reserve, and right of way for a segment of Division Street between State Street and Reserve will be dedicated.
Thirty-four on-street parking spaces will be removed from the realignment of Reserve.
In the first phase, one office building and the first phase of the parking garage are to be constructed.
