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Council approves Chapter 380 incentive for 64,000‑sq-ft office at Silveron Park
Summary
Town council approved a Chapter 380 development and incentive structure for a Class A, three‑story, 64,000‑square‑foot office building in the Lakeside/Long Prairie corridor with a capped incentive of $2,000,000.
The Flower Mound Town Council on July 21 approved a Chapter 380 incentive agreement intended to support construction of a 64,000‑square‑foot, three‑story Class A office building at Silveron Park in the Lakeside/Long Prairie Road corridor.
Ray Watson (staff) and Brogan Miller of Thompson Realty Capital presented the development plan and the incentive terms. Watson described the package as a debt‑service incentive program modeled on a previous Lakeside International Office Center deal and said the agreement carries a total cap of $2,000,000. Watson summarized…
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