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Council approves sale contract for nearly 4-acre city parcel as part of larger development plan
Summary
The City Council approved a purchase-sale agreement putting the city’s nearly 4-acre parcel at the southeast corner of SH 26 and John McCain under contract with CDC Equities for planned mixed-use development, contingent on zoning approvals.
Colleyville’s City Council voted unanimously Oct. 21 to approve a purchase-sale agreement for the city-owned parcel at the southeast corner of State Highway 26 and John McCain Road, moving the property under contract with CDC Equities for future mixed-use development.
Assistant City Manager Mark Wood told the council the parcel is approximately 4 acres; the purchase price presented was $15 per square foot for a total of $2,488,800. Wood noted the city originally purchased the site in 2020…
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