Diving in deeper
The 350,000-square-foot development, called Shops at Flatrock Crossing, is estimated to have a $1.75 billion economic impact over 10 years and employ over 1,000 people, according to city documents.
Developers expect the center to be anchored by an Academy Sports and Outdoors and a large grocery retailer to attract both local and regional shoppers.
Among the dozens of pad sites and retail spaces planned, a property listing by Edge Realty Partners includes the following proposed tenants:
- Ulta
- James Avery
- Famous Footwear
- Five and Below
- TJ Maxx
- Michael’s
- Chipotle
- Panera Bread
- Longhorn Steakhouse
- Olive Garden
- Floor & Decor
- Ashley’s Furniture
Located at the southeast corner of US Hwy. 281 and FM 2147, the site is about seven miles from Spicewood.
More details
On May 7, Marble Falls City Council unanimously approved a $14.9 million economic incentives deal for the development.
During the meeting, developers estimated project construction could finish in late 2025.
Additionally, about 4,400 new single-family homes and 1,700 multi-family units are planned within a two mile vicinity of the new shopping center, according to the property listing.