Phase 1 represents 61.7 acres and will be a three-building business park totaling 488,000 square feet. Jackson-Shaw plans to break ground in April with expected completion by the second quarter of 2023. Still in the planning stages, additional phases include the remaining 162.3 acres and are projected to have a combination of industrial, commercial, and multifamily developments.
Onx Homes, an integrated DesignTech company on a mission to reshape the home building industry, has signed a lease for Building 1 of Phase 1 for a total of 204,000 square feet. Onx Homes has more than 10 communities and 3,000 homes under advanced development.
“We are excited to partner with Jackson-Shaw to not only bring a quality business like Onx Homes to our northern quadrant but also to complete a major infrastructure project that will pave the way for development in this area,” Georgetown Mayor Josh Schroeder said. “The possibilities for the entire development are endless.”
Diamond Realty is the equity partner, and CrossFirst Bank is the lender. Joeris is the general contractor, with Powers Brown as the architect and Pacheco Koch as the civil engineering firm. CBRE's Darryl Dadon and Joe Novek are managing the leasing assignment.
“We foresee a record year for commercial real estate investment, particularly for sought-after industrial and multifamily assets,” said Grant Pearson, Vice President of Development at Jackson-Shaw. “CrossPoint Business District is an excellent example where the City of Georgetown has remained steadfast in its focus on expanding employment opportunities while preparing for the strategic growth that everyone knows will come.”
Jackson-Shaw is a national real estate development company headquartered in North Texas with 50 years of experience mixing practical knowledge with entrepreneurship. Since its founding, the company has developed more than 62 million square feet, including hospitality, industrial, and residential projects. Diverse markets where Jackson-Shaw develops include Dallas, Fort Worth, Houston, San Antonio, Denver, Las Vegas, Scottsdale, Phoenix, Jacksonville, and Washington, D.C.