Street Level Investments (SLI), the Dallas-based developer of the 192-acre $500 million Texas Instruments project, said it could break ground on its new mixed use development at Kirkwood & U.S. 59 before Christmas.
SLI Principal Brian Murphy said there will be an announcement forthcoming soon. The site was originally scheduled to break ground earlier this fall, but Murphy said “it is a large complicated site that requires a bunch of infrastructure. It just takes time.”
Stafford Mayor Leonard Scarcella is optimistic about the development moving forward.
“We had a positive discussion, and we’re hopeful that it will be a beneficial property,” Scarcella said.
The property will include retail, office space, light industrial and some multi-family units, with the possibility of one or two hotels.
There were originally plans to include an outlet mall, but that’s not part of the current arrangement.
In 2012, Texas Instruments announced it was relocating its facilities to Sugar Land. The multi-billion dollar company is nearing the completion of the transition from Stafford to Sugar Land.