Economic growth on track in Roanoke

Posted Monday, Jul. 08, 2013  comments  Print Reprints
A

Have more to add? News tip? Tell us

Last week’s opening of Chick-fil-A adds to a growing list of new businesses in Roanoke, a city with sales tax growth in 2012 of $10.9 million.

About $4.7 million additional ad valorum tax base was also added last year to Roanoke, bringing the city total to about $1.5 billion.

In the past year, The Unique Dining Capital of Texas has added several restaurants and retail shops, a newly renovated library and has several city street projects in the works.

Roanoke officials say an announcement soon will be made about a new restaurant coming to Oak Street.

Out of 20 businesses that opened in past year in Roanoke, six were restaurants, including Hard 8 BBQ, Jack & Grill, Chicken Express, Roanoke Nutrition, Suzie’s Sweet Boutique and Hey Sugar Candy.

City Manager Scott Campbell said he is thrilled about the growth and looking forward to a new theater that will open in 2015, bringing even more space for eateries.

Plano-based Cinemark Holdings acquired 10 acres at the junction of Texas 170 and Texas 114, just east of U.S. 377, for a 14-screen all-digital movie theater.

“We are very excited about the Cinemark Theatre,” he said. “The property includes six surrounding pad sites for restaurants.”

The theater will anchor the Roanoke Gateway shopping center, an 18-acre, 175,000-square-foot development of Dallas-based Margaux Development Co.

Cotton Patch Cafe also has committed to the development.

Residential growth also is fairing well in the city.

“The final two phases of the Briarwyck Subdivision were final platted in the last few months,” he said. “There are a total of 669 lots in the Briarwyck Addition to include the new elementary school.”

Other residential projects approved within the past year include Fairway Ranch Planned Development — 580 lots with an elementary school — and Highlands Glen Addition with 97 lots, Campbell said.

“We anticipate building to begin in each of these subdivisions this calendar year,” he said.

This story contains information from the Star-Telegram archives.

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Our policy requires those wishing to post here to use their real identity.

Our commenting policy | Facebook commenting FAQ | Why Facebook?