Development
BY HEATHER MCCULLOUGH
Colleyville takes first step for luxury resort-style hotel on SH 26
The breakdown
What’s next?
business our way. It’s the perfect fit.” Wood added that the developer worked to make sure the new resort has did not disrupt the natural landscaping of the area and kept some privacy around the property. “They kept a lot of the tree scape and a lot of the landscaping that makes this property beautiful,” Wood said. “One of the reasons why we feel really comfortable with NuCiti is that they’re looking to incorporate that into the development.”
The Letter of Intent includes an 18-month feasibility period for the developer to acquire funding for the property to secure entitlements from Colleyville City Council and work with the hotel partner to bring the package to the council members for approval, Wood said. “I’m so excited [city officials] have worked so hard for this,” Council Member Ben Graves said. “It could be a beautiful entrance, open space, a little bit of everything. [It could] drive some economic
City officials will immediately work on a purchase-sell agreement with NuCiti Capitals to bring back to City Council for approval, Wood said. If that is approved, the clock will start for the 540-day feasibility study, which could bring the project to fruition within the next year and a half, Wood said. The developer also showed interest in purchasing 15 additional acres of the property to add another 120 hotel rooms at a later time, Wood said. “We all hear people saying they’re looking for places in Colleyville to eat and do things,” Council Member Kimberly Holt Gunderson said. “That’s exactly what this is. They don’t want to go to Southlake, Grapevine or other places all the time. This is the best of both worlds.”
Plans for a new resort-style hotel in Colleyville are underway after City Council approved of the initial agreement with the developer June 4. A Letter of Intent with NuCiti Capital Partners, a real estate development firm, was sent to the city for the purchase of 22 acres on the corner of SH 26 and John McCain Road. The intent is for NuCiti Capital Partners to purchase the land for $9.85 million in order to build a luxury resort-style hotel. The city purchased the 15 acres at the front of the property in 2019 for $4.4 million and then the 22 acres in 2020 for $4.1 million, Assistant City Manager Mark Wood said. “We’ve been very selective,” Mayor Bobby Lindamood said. “We want what’s right for this property to come in. The ideas and the quality of what is fixing to go in here; this [developer] is talking about a five-star hotel.”
JOHN MCCAIN RD.
26
JOHN MCCAIN RD.
26
8
Colleyville
TENNISON PKWY. CONNECTION
TENNISON PKWY.
2
Project boundary
1 Casitas/bungalows 2 Resort pool 3 Hotel 4 Retail village 5 Public access easement 6 Conference center 7 Parking garage 8 Colleyville welcome plaza
7
6
Colleyville resort amenities
5
3
2
26 casitas
2 resort-style pools
Retail village with restaurants
1
4
MAP NOT TO SCALE N
120 hotel rooms
1 conference center
183 space parking garage
TENNISON PKWY. CONNECTION
SOURCE: CITY OF COLLEYVILLE/COMMUNITY IMPACT
SOURCE: CITY OF COLLEYVILLE/COMMUNITY IMPACT
EULESS 900 E Harwood Rd (817) 545-2184 KELLER 101 Keller Smithfield Rd S (817) 482-8295
BEDFORD 1520 Airport Fwy (817) 508-4490 WESTLAKE 2341 Highway 377 (817) 490-9072
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