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Council approves sale framework for 22 acres on west side; AAB Venture Capital proposed as buyer
Summary
Council approved a Chapter 380 conveyance mechanism and purchase-sale framework for 22 acres on Flower Mound’s west side, with AAB Venture Capital presented as the prospective buyer and two conceptual site plans (entertainment or grocery anchor).
The Flower Mound Town Council on July 21 approved a Chapter 380 conveyance structure and related purchase‑sale agreement mechanics for 22 acres on the town’s west side, clearing the way for a proposed development by AAB Venture Capital.
Town staff described the parcel as the 22‑acre tract purchased by the town in 2024 to secure retail opportunities on the west side and showed two concept layouts presented by the prospective buyer. Ray Watson (staff) explained the conveyance mechanism would use a Section 380 structure to transfer the land while preserving town control over the plan and architectural character; the sale closing…
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