Growth Bringing Another Development with Shopping, Restaurants and Residential in Saginaw
By ELIZABETH CAMPBELL
Star-Telegram
Plans are in the works to bring restaurants, shopping, residential development and a park to east Saginaw on land that was once a dairy farm.
The Victory Development is on 78 acres at the corner of Blue Mound Road, Western Center and East McLeroy Boulevard. Keith Rinehart, Saginaw’s Director of Community & Economic Development, said the Dallas-based Victory Real company purchased the property in November. There isn’t a timeframe yet on when construction will start, but Rinehart said the Victory Real Estate Group studied the area very carefully.
Plans call for restaurants and commercial to come before residential, Rinehart said. It is common for developers to start out with housing before bringing in shopping and dining, he said.
“When we talked to them (Victory Real Estate Group) they were picking our brains on things that our residents wanted,” Rinehart said. “Saginaw is a great community and a growing community, but we definitely lack in sit-down restaurants and retail.”
Saginaw held a citizens summit and asked residents to take an “eat and play” survey, and shopping and restaurants got the highest rankings, he said. Rinehart said he doesn’t know yet about the type of multi-family housing that will be in the Victory Development. City Manager Gabe Reaume said preliminary engineering plans call for Western Center to be extended through the property, which will create more visibility and frontage for restaurants. Reaume said Saginaw also formed a Tax Increment Reinvestment Zone for the area to help fund utilities such as water and sewer.
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