Denton Poised for More Development

Despite a struggling national economy, Denton still continues to grow.  The following article comes from the NT Daily and shed’s more light on what is still to come for this city…

DENTON DEVELOPMENTS GROW

Large-scale developments and thousands of new homes will begin construction as Denton’s population continues to grow.

The city of Denton was ranked the ninth fastest growing city with more than 105,000 residents and is expected to grow to almost 214,000 residents by 2030, according to economic and demographic projections. In the open areas on its north and west faces, soon Denton will see retail, residential and corporate complexes.

Developers broke ground last August on Rayzor Ranch, a $850 million development to be located between Interstate 35E, Bonnie Brae Road and the north and south sides of University Drive. With more than one million square feet of space, the open-air mall will feature department stores, a large movie theater, a bookstore and restaurants. A Wal-Mart and a Sam’s Club will anchor the area.

Joseph Gampper, vice president of Allegiance Development said another developer that has yet to be announced has picked up the project. Plans are scheduled to begin on the south side of University Drive and the Rayzor Ranch Town Center is scheduled to open this fall.

Relocating from Carrollton to Denton is Fastenal Industrial and Construction Supplies. Fastenal is a distributor of fastenings and fixing products and will be on West Airport Road, across from the Tetra Pak facility on the west side of Interstate 35E.

“The Denton location will be very important for us,” said Matt Keifer, the company’s personnel and safety official. “UNT will be a source of recruitment for employment.”

Keifer said the company is looking for a group of UNT students willing to drive to the Carrollton office and assist in relocation.

Tomlin Investments secured 2,600 acres north of Loop 288 as mixed-use property, said Rod Zielke, a partner with Tomlin Investments.

He said there would be walking trails and areas for fishing and swimming with a concept similar to Lone Star Ranch in Frisco. Construction for the development will begin next year. Retail and office buildings will face the loop with approximately 5,000 to 6,000 single-family homes behind them.

“We see the potential of the Denton market to grow rapidly,” he said.

At UNT, the former home of the Department of Chemistry, Master’s Hall, is under construction to be integrated with the existing Biology Building to form a new Life Sciences complex. Art Goven, chair of the Department of Biological Sciences, said the new building would house the biochemistry, molecular biology, plant science and developmental physiology and genetics departments, as well as a rooftop greenhouse and atrium.

According to an April 2 Daily article, the Life Sciences complex will cost about $32.2 million and open in 2010.

Goven said construction is behind schedule because the age and materials of the building make it difficult to tear down, but it will be complete in the summer of 2010.

“We’re making three buildings into two and getting most of the biological sciences under one roof,” Goven said. “It will allow students and faculty to better interact and create better interdisciplinary programs.”

In addition, the Denton City Council recently offered German discount grocer Aldi Foods Inc. $1.67 million in tax breaks to attract the company to build a 500,000 square-foot distribution center in Denton on Westgate Street, said Scott Huska, vice president of Aldi’s Texas division. The company plans to open two stores along with the distribution center by fall 2009.

“What’s unique about Aldi is they provide only one brand and one size of each item,” said Linda Ratliff, economic development director for the city of Denton. “That allows them to cut down on the costs of storage and shelf space, and offer low prices to their customers.”

(HT: NT Daily)

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~ by Shea Sumlin on June 11, 2008.

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