DEVELOPMENT Mixed-used development takes next step toward groundbreaking
BY HANNAH JOHNSON
PROJECT PIECES Carillon Parc will add a public park, parking garage, retail and new homes and lofts to the Carillon neighborhood. Carillon Parc boundary
The long-awaited mixed-use devel- opment Carillon Parc is taking its next step forward after almost ve years of discussion and planning. Southlake City Council approved an economic development agreement between the city, the Southlake Parks Development Corp. and the developer Carillon Crown LLC on April 4. The city will invest public funds into the project through sales tax generated by
upon terms of a future incentive agreement, such as tax abatements or sales tax incentives. According to Southlake’s public investment policy, tax abatement allows all or a portion of a property’s value that increases—because of construction and new business—to be exempt from taxation. Groundbreaking on Carillon Parc was scheduled for May 4 as of press time. The public funds used in the project will be used to
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the development and a property tax abatement. “We voted on Carillon a number of times since I’ve been on council, but tonight feels a little di erent,” Mayor John Hu - man said. “Tonight feels like a nish line.” Carillon Parc is a European-style,
PUBLIC PARK What to know: Park will include amenities, such as a fountain, a bell tower and a plaza. City funds: $3.77 million or less than 50% of the construction costs,
PARKING What to know: A parking garage with a minimum of 800 spots, some reserved for free public parking City funds: $7.73 million or up to 60% of the construction costs, whichever is less Funding source: Sales tax, tax abatement on future property taxes
VILLAS LOTS RESIDENTIAL LOTS
“WE VOTED ON CARILLON A NUMBER OF TIMES SINCE I’VE BEEN ON COUNCIL ... TONIGHT FEELS LIKE A FINISH LINE.” JOHN HUFFMAN, SOUTHLAKE MAYOR
What to know: Carillon’s residential portions will be expanded with 50 lots and 79 villas. City funds: N/A Funding source: Private development
reimburse portions of the project, not fund its initial construction costs, according to a pre- sentation given by Southlake Assistant City Manager Alison Ortowski. The site plan approved in
whichever is less Funding source: Sales tax from the development
SOURCE: CITY OF SOUTHLAKE, CARILLON CROWN LLC COMMUNITY IMPACT
SMITH PEST & TERMITE in Southlake taxpayers’ best interests to seek an alternative site outside Carillon Parc for the much-antici- pated new library,” Hu man said in the post. John Terrell, a partner with Carillon Crown and a former mayor of Southlake, said he was excited to have a date set for the Carillon Parc groundbreaking. Within 45-60 days after the ground- breaking, Terrell said the developer plans to come back to the city with plans for the commercial portion of the project. This will include
chef-driven restaurants, a hotel and the o ce building. The project will be completed over three phases, Ortowski said. Phase 1 includes North White Chapel Boule- vard and other roadways, utilities and all infrastructure for the site. Phase 1A includes the buildings and park elements. Ortowski said phases 1 and 1A must be substantially completed by March 31, 2027, as outlined in the agreement. Phase 2 of the project mainly includes the o ce development and must be completed by Sept. 30, 2030.
42.5-acre mixed-use development in Southlake at the northeast corner of Hwy. 114 and White Chapel Boule- vard. Its surrounding neighborhood, Carillon, was built with the promise of providing a walkable community consisting of shops, restaurants and more. The plans for development were originally approved by council in June 2018 but have been revised several times since then. In December 2021, the city estab- lished a memorandum of under- standing for the Carillon Parc project, which outlined the mutually agreed
December 2021 included 26.7 acres that will hold an eight to nine acre public park, 565,600 square feet of retail and o ce space, 50 lots and 79 villas for residential use, and space for a parking garage. The plan also included space for a public library. Carillon Parc was designated as the preferred library location in the city’s 2021 library study. In a March 3 social media post, Hu man said the city has moved away from building a new library in Carillon due to rising infrastructure costs. “Council has determined that it is
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GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION • MAY 2023
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