Georgetown City Council voted Feb. 12 to approve an agreement with WBW that “includes up to $320,000 for infrastructure and job creation over six years,” according to the city.
The agreement requires WBW to receive a certificate of occupancy from the city for its future Riverplace offices by the end of 2020, said Michaela Dollar, the city’s economic development director, in an email.
WBW focuses on housing development in Central and Southwest Texas with emphasis on starter homes and “first move-up” homes, according to the announcement. The company anticipates creating 40 jobs with average annual salaries of $90,000 as well as making $3 million worth of capital improvement investment.
The Riverplace project’s development team is led by property owners Sam and Rebecca Pfiester. Plans for the project include a mixture of office and residential space.