After months of negotiation, Target Corporation has concluded a deal which will bring a new Super Target location to Mesquite, and it will be among the first in the nation to use the company’s new architectural design standards for its new stores.
The deal was made possible as part of the City’s new “Project Renewal,” the City’s long-term plan to rebuild/re-invent itself. Mesquite helped facilitate the deal by agreeing to sales tax incentives, staggered during the next 20 years, and by helping to facilitate the purchase of land needed to build the new store.
The new Super Target will replace an existing Target store in the Market East Shopping Center. Additionally, several nearby vacant buildings will be demolished, including those that previously contained Mervyn’s and Wickes Furniture. The Market East Shopping Center will also be renovated and expanded to accommodate new businesses expected to locate around the new Super Target.
One of Mesquite’s Project Renewal initiatives is to devise aggressive public-private partnerships to spur new development and redevelopment. Since its inception in October 2007, the City has been able to attract approximately $92 million in proposed new development. These projects include the new Super Target, Peachtree Towne Center, a $52 million mixed-use development, with shopping, dining and a new full-service hotel and conference center, and a new restaurant row to be located along I-635. For additional information regarding the specific terms or details of these development projects, please contact Tom Palmer, Manager of Economic Development for the City of Mesquite, at (972) 216-6342.
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