Master Development Agreement Signed for $350M MXU-Bell District

A little more than a year after the Cedar Park City Council selected RedLeaf Properties LLC as master developer for the Bell District, council and developer entered into a 20-year, master-development agreement. The $350-million project will transform part of Cedar Park, TX’s southern Bell Boulevard into a mixed-use, pedestrian-friendly area. The city will provide $15.3 million to develop infrastructure, parking and to defray other expenses.

The district will be situated on 50 acres of city-owned land, between Buttercup Creek Boulevard/Brushy Creek Road, to north of Park Street. Plans call for residential commercial components, along with a new library and 16 acres of dedicated park land. The first phase will focus on the library’s development, along with a park, restaurants and a “social hub.”

Construction is anticipated to begin in early 2022, following the Bell Boulevard realignment. The majority of the project will be privately funded.

Image courtesy of Robert Becker with McCann Adams

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