Jack Walker began buying land at the intersection of Roosevelt Avenue and Loop 410 on the South Side in 2003.
He started with 30 acres at the intersection and spent the next seven years acquiring the rest of the acreage and putting about $2 million into sewer and water infrastructure. Toyota Motor Manufacturing Texas Inc. announced plans in 2003 to build a pickup truck plant, which started producing Tundras in 2006, and recently finished a $400 million expansion of the facility. In March, commercial truck and bus manufacturer Navistar International opened a plant.The city established the Mission Drive-In Tax Increment Reinvestment Zone, a mechanism in which increases in property tax revenue from land within the zone are used to reimburse developers for public improvements.
KB Home plans to build an adjacent subdivision, called The Granary, with about 486 homes on land it bought from Harlandale Independent School District. An urgent care facility and car wash, along with Burger King, Taco Bell and Kentucky Fried Chicken locations, are also in the works. Everest Rehabilitation Hospitals LLC is building a rehabilitation facility.A breakdown of key state and local races and candidates in the May 24 primary runoff.
Source: Real Estate Daily Report (realestatedailyreport.net)
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