Denton City council approval of settlement in reverse discrimination case
Rayzor Ranch Town Center in Denton is about to get bigger.
Fidelis Realty Partners bought the property Friday, which includes 38,456 square feet of existing retail shop space. Current tenants include WinCo Foods and Alamo Draft House. Fidelis also bought the 60.2 acres of land that will be developed in the coming months.
The next phase of the development will be more retail, which can be shop space, entertainment and restaurants. The plans are to add 200,000 to 300,000 more square feet of space with six potential pad sites for restaurants along Interstate 35.
Since Fidelis just closed on the property, no tenants are yet lined up for the new proposed spaces, but they are in talks with several companies who could act as anchors for the second phase of the development. Once tenants are lined up, construction will begin.
Rick Coe, president of the DFW branch of Fidelis, said the tentative schedule for construction could start late this fall into the winter.