News & Events in Lewisville, TX

Here’s an update on the latest news and events taking place in Lewisville, Texas:

Expansions/Relocations

Leading companies in the field of clinical trials, molecular diagnostics and oncology have joined forces to create a new venture called “med fusion” focused on the delivery of personalized patient care. This new company is to be headquartered in Lewisville at ConVergence, which already is home to offices for such corporate players as Cyrus One and Fidelity. The new business will bring upwards of 900 jobs, $67.2 million in annual payroll and $10 million in investment to Lewisville. Site development for the project is currently underway, and the company is anticipated to begin operations in 2010.

The project was named the Best Headquarters or Corporate Campus Move in North Texas for 2009 by Dallas Business Journal. Company officials chose Lewisville after an eight-month national search that was narrowed to North Texas and Oklahoma before a final selection was made.

Orthopedic medical device company Orthofix Inc. is building a 140,000 square feet facility in Austin Ranch Distribution Center to house its headquarters, bringing 315 jobs and $24,900,000 in investment to the local economy.

Promotional products supplier, J. Paul Company, leased 20,000 square feet of space in 121 Lakepointe Crossing bringing 22 employees to Lewisville.

Product development company Point Innovation leased just over 5,000 square feet of office space at 530 East Corporate Drive.

Developments

Interstate 35E Corridor Development Plan: Lewisville has kicked off the initial stages of a
2-year Corridor Development Plan for Interstate 35E which runs through the core of the community. The city took a major step last month by hiring Parsons Brinckerhoff to help devise a comprehensive economic development plan. The Corridor Development Plan will be used to assist existing property owners in the transition from highway construction to redevelopment. The two-year planning process will incorporate citizen, property owner, economic and transportation specialist and development community input.

Hebron 121 Station: Development will soon be underway for the first phase of a 427 acre Transit Oriented Development at Lewisville’s Hebron A-train station. Huffines Communities has begun the necessary processes to obtain building permits for phase one of its 90 acre portion of the mixed use development. At full build-out, the project will provide housing, retail, office, civic and entertainment uses adjacent to rail transit, regional bike trails and Interstate 35E. The City of Lewisville controls over 100 acres of the project, and will soon proceed with planning for land uses in those areas. Portions of this land will be available for public-private development opportunities.

Lewisville ake TOD Master Plan: Lewisville is currently accepting master developer proposals for the Lewisville Lake Transit Oriented Development Master Plan, a public-private partnership concept plan created with the help of architecture/construction firm, the Beck Group. The Urban Land Institute featured this plan at its Transit Oriented Development Showcase in April, resulting in a cover story by the Dallas Business Journal. This plan maximizes interstate, rail and lake frontage to transform a combined area of over 500 acres into a quality lake resort with hotel, retail, aquarium, cinema, marina, and residential uses.

Urban Core Vision: Working with national design firm, Design Workshop, Lewisville is progressing with development projects in its downtown. With three large scale planning projects underway: an urban park plaza, a streetscape plan for key nodes in the downtown, and a comprehensive transit oriented development plan surrounding Lewisville’s Old Town A-Train commuter rail station, Lewisville is currently promoting partnership opportunities to implement these plans.

Redevelopment Incentives: Lewisville was recently awarded $400,000 in funds to help assess potentially contaminated properties. This program, called the Brownfields Assessment Program, is funded through the EPA, and will allow the City to fund Phase I and Phase II Environmental Site Assessments to facilitate the sale and redevelopment of an underutilized or blighted property.

Other News

Lewisville Economic Development has launched a multimedia economic development marketing campaign associated with the coming Super Bowl XLV activities, with ads appearing in D Magazine and the Dallas Business Journal. The campaign features stories from executives with operations based in Lewisville. Visit www.whatyoudontknowaboutlewisville.com for more information.

Changes are coming to Lewisville Economic Development department. The City of Lewisville’s Economic Development and Planning Divisions have now become one department to spearhead a new direction for Lewisville. Lewisville Economic Development and Planning Department is now the new contact for initiatives to advance the local economy. This includes recruitment, expansion, public-private development initiatives and major urban planning projects.

Lewisville is awash with public improvement initiatives including the Trails and Open Space Master Plan, the 600+ acre Railroad Park, Old Town Creative Arts Center, Denton County Transit Authority A-Train Commuter Rail project, Brownfields Redevelopment Initiative and much more.