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Magnolia City Council continued discussions June 16 on Magnolia Square, a proposed 59.2-acre mixed-use development near FM 1488, FM 1774 and Goodson Road.
The project, presented by LJA Planning & Landscape Architecture, is planned as a regional commercial and residential destination in western Magnolia. Plans call for retail, dining, grocery and service options, along with additional housing options to support the local workforce.
What this means: The development would be created through a planned development district, or PD, which allows the city and developer to set specific rules for the site. The PD would use auto commercial and semi-urban as the underlying zoning districts, with the city’s unified development code standards applying unless changed through the PD.
Some context: City Council approved a Chapter 380 economic development agreement with Fuqua Blackhawk Ltd. tied to the project in February.
Under the agreement, the city could provide up to $3 million in total economic development incentives. That includes up to $2.3 million in sales tax payments and up to $700,000 in roadway improvement payments.
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