Development
BY GRACIE WARHURST
Dirt turns on new Melina neighborhood Hillwood Communities, a residential and commercial developer, broke ground on the Melina neighborhood in early December. The details With homes ranging from $400,000- $600,000, the master-planned community has about 840 homes in the works, and will welcome its first residents in 2027, according to a news release from the developer.
Electronics manufacturer Compal to lease space Taiwanese-based electronics manufacturing company Compal will bring a server service center to the Georgetown Logistics Business Park. The facility is slated to open in February 2027, accord- ing to city documents. The overview The service center will primarily support enterprise and cloud infrastructure needs, according to city documents. It is projected to cost $35 million to build out, and create at least 100 full-time jobs. What happened Georgetown City Council approved an economic development agreement and a tax abatement agreement with Compal Dec. 9. Provided through the Georgetown Economic Development Corporation, the economic
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development agreement includes: • A maximum of $1 million in infrastructure-related funding
• A maximum of $250,000 in funding based on sales taxes generated from the project’s construction The payments are contingent, in part, upon Compal beginning construction by Aug. 1 and completing construction by Feb. 28, 2027. The agreement will exempt 50% of business personal property taxes and 25% of real property taxes for ten years, estimated at $569,910.
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