Bastrop Agrees to Incentives for 826K-SF Mixed-Use Project

The town of Bastrop okayed a development agreement that would require a developer to bring Sprouts, PetSmart, and LongHorn Steakhouse to a site in town. Durhman & Bassett Realty Group has confirmed that the project will include the abovementioned tenants as part of an 826,000-square-foot Burleson Crossing East retail center. In exchange, the town approved a $1 million incentive package that will fund road improvements.

The project will be located at the northeast corner of State Highway 71 and Edward Burleson Drive.

Bastrop officials estimated the project would result in $525,000 in property taxes annually, and it would add an estimated $1.43 million annually to the city’s general fund.

Bastrop, located southeast of Austin, had about 12,000 residents as of 2023. The Dallas Business Journal reports that a large number of people in the area live outside the city limits, however, giving Bastrop County a population of about 100,000. Bastrop had a retail trade area of about 250,000 people in 2024.