(Seguin) — A major hub for shopping, dining, and more is coming to Seguin.
The Seguin City Council on Tuesday officially gave City Manager Steve Parker authorization to move forward with an economic development agreement with NewQuest.
The developer plans to create more than 600,000 square feet of retail space on its 543-acre site, located on the I-10 westbound access road between Highway 46 and FM 464. The property also stretches back to FM 78.
NewQuest first announced plans for the Town Center project 15 years ago. The project was delayed for years, but rapid growth in the Seguin area has now pushed it into high gear. Seguin’s population continues to swell, bringing new opportunities to the community. The city is now ranked as the 29th fastest-growing community in the United States, with a growth rate projected to surpass what New Braunfels saw during its peak period.
Economic development officials say this announcement is a monumental step forward for the Town Center project. They say they expect to have many “retailer coming soon” announcements to share this year.
The Town Center has been identified as a power center, which is the term used to describe a large, open-air retail development dominated by several big-box stores.