A groundbreaking ceremony was held Tuesday for the new multi-family development, retail space and walking trail called Creekside at Hudson Oaks.
“Creekside at Hudson Oaks is a 338 unit, AAA multi-family planned development on 17 acres at Cinema Drive and [Interstate] 20. There will be a walking trail, pond and 10,000 square feet of retail space,” Hudson Oaks Mayor Marc Povero said. “This will be the first multi-family development in Hudson Oaks and, because of that, our city council was very specific in their requirements for the project. We insisted on certain interior and exterior building materials that we believe will meet or exceed the expectations of our community for a multi-family development of this kind.”
Work on the project can been seen from I-20 in front of Splash Kingdom water park.
“Leasing on the project is expected to begin early next year with the first building coming online in May 2020,” Hudson Oaks City Administrator Patrick Lawler said. “We expect full project completion in December of 2020.”
Povero said since Hudson Oaks is dependent upon sales tax, population increase will allow the attraction of new businesses.
“Using the planned development process will allow our city council to increase our population density in our central business and entertainment districts,” Povero said. “As a city that is dependent on sales tax, we need to increase our population density in order to attract new businesses.”
The groundbreaking ceremony was held by the East Parker County Chamber of Commerce Ambassadors to welcome the new development and Povero said he is excited to see continued population growth.
“Population density is important when new businesses look at coming to Hudson Oaks. This is very important to us as we continue to find ways to increase our sales tax base and fulfill our promise of never levying an ad-valorem property tax on our citizens and businesses,” Povero said. “I am excited to see that Hudson Oaks will continue to grow in population without disturbing the rural feel of our single family neighborhoods.”