A city grant program will bolster development along I-30. In Tuesday’s city council meeting, the council voted to sell a 0.44-acre lot at 700 W. Vickery Blvd. in the Near Southside for multifamily housing development.
The site — located across from the Justin Boot Outlet — is connected to a five-acre property (800 W. Vickery Blvd.) owned by Vickery Village Development LLC. The developer plans to build a 235-unit apartment complex, a 3,500-sqft restaurant, several townhomes, and a park.
Vickery Village can recoup the money from the $225,000 sale if it meets the city’s requirements:
- Investing $40 million into the site
- Spending $6 million of the construction costs with minority and women-owned contractors
- Completing the project by Dec. 31, 2026
The property also falls within a special taxing district that authorizes $3.3 million for the reimbursement of street and public infrastructure improvements as part of the project.