Georgetown Edition | October 2024

Development

BY ANNA MANESS

Construction begins on Phase 1 of The Commons at Rivery

The Commons at Rivery, a mixed-use develop- ment coming to Georgetown o Williams Drive, held a ceremony Oct. 4 to celebrate the beginning of Phase 1 of construction. “This is going to be one of our rst truly mixed-use, walkable developments in this city and it’s going to be the standard that we’re going to hold all future development to,” Mayor Josh Schroeder said. About the project In an interview with Community Impact , Jarrett Dooley, a partner at Headwater Companies, the Georgetown-based company constructing the project, said the 12.69-acre development will include: • An apartment complex • A multi-family development with residential homes • Service-based companies

• Retail space and restaurants • A plaza

The Commons at Rivery

Future development

Headwater began below-ground infrastructure work in September 2023, and about a year later, the company started constructing a roughly 15,000 square-foot building on-site, Dooley said. Half of the building is already preleased, and two additional retail buildings are expected to be about 9,600 square feet, Dooley said. The site is being developed by Partners Devel- opment Co., the development branch of Partners Real Estate. How we got here Partners bought the site of the former McCoy Elementary School for $4.5 million in 2021. In 2022, the city of Georgetown approved the mixed- use development project. Upon the project’s completion, a 1.28-acre site next to it is reserved for future development.

The Commons at Rivery plans to have retail space, restaurants, an apartment complex and more.

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