Samsung Electronics is building a multi-billion dollar chipmaking plant in Taylor, and developers are racing to complete projects to support the expected need. Texas Multifamily Capital is considering a 56-acre residential and commercial project near the plant, which is due to open next year. The housing project is only a mile from the under-construction plant.

The Austin Business Journal reports a concept plan shows multiple multifamily buildings and some light commercial buildings could rise along FM 973, which is expected to become a major thoroughfare as the Taylor population increases. It across the street from Taylor High School.

While the developers are still securing entitlements, the towns Planning Commission is cooperating, recently approving the plan. It would add much-needed housing in Taylor, a city of about 17,000, that is expecting thousands of workers and supplier’s families to move into town as a result of the Samsung project.