File photo
File photo
The City of Garland has partnered with GroundFloor Development for a $30 million commercial redevelopment project in the downtown area.
According to the Garland Chamber of Commerce, the partnership will begin the construction of The Draper in Phase I, which will be a three-story residential complex with 155 units.
“We have big plans for The Draper, and we’re envisioning a renewal of Garland’s West downtown commercial activity while catalyzing future growth,” Mark Drumm, a partner with GroundFloor, said. “Partnering with the city, we hope to add another successful modern housing development to our portfolio in Texas.”
In Phase II, the Chase Bank downtown will be fully renovated for new tenants. The bank will remain the primary retailer in the building.
“After many months of hard work, we are extremely excited to see The Draper finally come together and look to provide the west side of Downtown Garland with a much needed development catalyst project," David Gwin, director of Garland’s Economic Development Department, said. "We’re happy to support GroundFloor with this first phase, especially as we seek to further focus our efforts on redevelopment projects in the city’s historic downtown core."
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