\t\t\t\t\t\t\tKyle broke ground on a 101-acre mixed-use project Feb. 4, bringing an estimated 800 full-time jobs, retail stores, restaurants, housing and green space to the city\u2019s east side. Officials from the city and NewQuest Properties developers put shovels to dirt on Wednesday, signifying the project\u2019s start.<\/p>\n
The big picture<\/p>\n
Kyle Park was approved by City Council in December 2023, and construction initially began late last year.<\/p>\n
The development will bring approximately 450,000 square feet of commercial space to the east side of Kyle, with over 20 confirmed tenants, according to city officials<\/a>, including:<\/p>\n Dick\u2019s Sporting GoodsBarnes & NobleHomeGoodsChili\u2019sBJ\u2019s BrewhouseDave\u2019s Hot ChickenE\u014dS FitnessPacific DentalMister Car WashThe development will include over 400 multifamily apartment units as well as public access green spaces designed for events, dining and recreational activities.<\/p>\n The Kyle Park development will include a connection to the city\u2019s trail system, the VYBE KYLE<\/a>, promoting walkability and increasing access to residents, Kyle Mayor Yvonne Flores-Cale<\/a> said at the groundbreaking.<\/p>\n The breakdown<\/p>\n The project is the largest private investment in the city\u2019s history at an estimated $250 million when fully completed and operational, said Bryan Langley, city of Kyle city manager, at the groundbreaking. The development will bring in an anticipated $2.5 million in sales tax revenue and $1 million in property tax revenue annually.<\/p>\n The development is intended to provide a location for Hays County and Kyle residents that reduces the need for shopping in nearby cities.<\/p>\n \u201cWith more than 60% of our purchases made by Kyle residents occurring outside of Hays County, this project helps protect against retail leakage and keep retail dollars local,\u201d Flores-Cale said at the groundbreaking.<\/p>\n One more thing<\/p>\n