Economic Development

ARE YOU LOOKING TO INVEST – INVEST IN THE FUTURE – THE CITY OF ALTON DEVELOPMENT CORPORATION (CADC) – WHERE GROWTH AND OPPORTUNITY MEET.

 

The City of Alton Development Corporation (CADC) has a 4A corporation and a 4B corporation to facilitate all economic development functions for the City of Alton, Texas. Both were established on July 9, 1996 and have been promoting economic growth for the past eighteen (19) years with positive outcomes.

 

The CADC was created to promote, encourage and enhance the creation of jobs and expansion of the local tax base through projects which assist in the retention and expansion of existing primary employers and which attract new primary employers and aid their development and growth. The CADC has created and obtained funding from several sources to promote good business practices throughout the city of Alton, Texas. The following are resources being provided:

 

…..New Developments for 2014-2015………………………..

New 80 Unit Multi-Family gated community complex being developed in Alton 

((( OPENING SOON FOR BUSINESS)))

LA ESPERANZA DE ALTON  

A ground breaking ceremony will held on May 6, 2015 for an 80 unit multi-family complex on Stewart Road in Alton Texas called La Esperanza De Alton. This is two of three housing complexes that will be developing this year utilizing housing tax credits. Construction is estimated to take eleven to fourteen months to complete.

Back in February 2014 the City and the City of Alton Development Corporation (CADC) supported an application for Casa Linda Development Corporation to the Texas Department of Housing and Community Affairs (TDHCA) for 2014 competitive nine-percent housing tax credits to develop La Esperanza De Alton apartment complex to be located along Stewart Road just South of Mile 5.

The capital investment for this project is approximately 11 million in private investments. The CADC approved a loan commitment to Case Linda Development Alton, L.P., in the amount of $160,000.00 in the form of a permanent loan. The loan was utilized to comply with TDHCA requirements in order to qualify for the maximum points under the rules for the Housing Tax Credit Program (HTC).

This ten acre gated development will host an 80 unit mixed income development with 1, 2, and 3 bedroom rentals. Some of the amenities that will be included will be a full perimeter fence with controlled access gates, swimming pool, picnic tables, grills, fully equipped playground with green areas.

The Community Center will host a business center with computers. Units will have covered entries and patios and apartments will also have 9’ ceilings. The City of Alton is the place to live in 2016.

New 140 Unit Multi-Family gated community complex being developed in Alton 

((( OPENING SOON FOR BUSINESS)))

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ORCHARD ESTATES GATED COMMUNITY 

Picture from left to right: Roel Gomez, USDA RD Area Director, Jean Latsha, Director of Multifamily Finance TDHCA, Kathryn Saar, Competitive Tax Credits Program Administrator TDHCA, Arturo Galvan Jr., Mayor Pro-Tem City of Alton, Steve Lollis, President Texas Grey Oaks Develop, Salvador Vela, Mayor City of Alton, Felipe Gomez, GACC President, Ricardo Garza, CADC President, Emilio Cantu, City Commissioner City of Alton, Calixto Hernandez, CADC Vice President, Steve Pena, CADC CEO.  Not in the picture but present was Julio Cerda, Sharyland School Board Member. 

A ground breaking ceremony was held on April 9, 2015 for a 140 unit multi-family complex on Stewart Road in Alton Texas called Orchard Estates. This is one of three housing complexes that will be developing this year utilizing housing tax credits. Construction is estimated to take eleven to fourteen months to complete this project.

Back in February 2014 the City and the City of Alton Development Corporation (CADC) supported an application for Orchard Estates housing development to the Texas Department of Housing and Community Affairs (TDHCA) for 2014 competitive nine-percent housing tax credits to develop Orchard Estates apartment complex to be located along Stewart Road just North of Mile 4.

The capital investment for this project is approximately 18 million in private investment. The CADC approved a loan commitment to Orchard Estates in the amount of $257,280.00 in the form of a permanent loan. The loan was utilized to comply with TDHCA requirements in order to qualify for the maximum points under the rules for the Housing Tax Credit Program (HTC).  This investment was a good one for the City, as the project will bring a sanitary sewer lift station to an area that is mostly undeveloped. The hope is that the entire area will see an increase in development activity with the upgrade in both sewer and water services (provided by Sharyland Water Supply Corporation) that this project is bringing. 

This ten acre gated development will host a 140 unit mixed income development with 1, 2, and 3 bedroom rentals. Some of the amenities that will be included will be a full perimeter fence with controlled access gates, swimming pool, picnic tables, grills, fully equipped playground with green areas.

The Clubhouse will have a management office that will be facilitated by the Texas Grey Oaks Management Team. This local team has extensive experience in managing housing developments of this nature. This is the same investment/management team that created similar projects in Weslaco and Penitas. The latter project is closing on its construction finish.

The clubhouse will host a business center with computers, fitness room with equipment, meeting room, food preparation area with a fully furnished common area lounge. Units will have covered entries and patios, refrigerators with ice makers, self cleaning ovens, microwaves, kitchen disposal units and apartments will also have 9’ ceilings making the City of Alton the place to live in 2016.

 

New Stars Restaurant being developed in Alton 

((( OPENING SOON FOR BUSINESS)))

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STARS DRIVE IN RESTAURANT

A ground breaking ceremony was conducted on April 2, 2015. Those in attendance from left to right are; Steve Pena, CEO CADC, Albert Aguirre, Stars Supervisor/Partner, Semolina Bali, Stars Managing Partner, Felipe Gomez, GACC President, David Aguirre, Stars Supervisor/Partner, Mayor Salvador Vela, Calixto Hernandez, CADC Vice Present, Ricardo Garza, CADC President, Emilio Cantu, City Commissioner, Elias Medina, Stars Assistant Manager.

Stars Restaurant LLC has purchased lot 9A in the Alton Business Park # 1 from the CADC to construct a restaurant facility.  Approximately fifty construction jobs will be created during construction and fifteen to twenty permanent jobs will be created to facilitate the new restaurant. Total annual wages to be paid will be in the range of $225,000 to $250,000. Projected monthly taxable sales are being estimated at $70,000 according to Greg Barrett CEO for Stars LLC. This job creation and the expected increase in Sales Tax and the City’s Property Tax base brought about support from the CADC. 

 

New SALON & SPA constructed  in Alton 

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The INSTYLE Salon & Spa located on the corner of Mile 5 and Austin Street located in the Alton City Centre Plaza will be the first SPA in Alton to be developed.  Information: INSTYLE Salon & Spa, 306 East Main Street, Suite 15, Alton, Texas 78573, 956-585-4247.  For services and prices go to  www.saloninalton.com

 

New Lone Star National Bank being developed in Alton 

((( OPENING SOON FOR BUSINESS)))

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LONE STAR NATIONAL BANK

LSNB has purchased Lot 10 out of the Dawes Subdivision, also called the city hall complex, to commence construction of a ATM.  Ground breaking was held on March 31, 2015.  In picture from left to right:  Jeffery Worstell, EVP & Chief Credit Officer, David Navarro, EVP & Senior Lending Officer, David Penoli, EVP & Chief Operating Officer, S. David Deanda, President LSND, Mayor Salvador Vela, Mayor Pro-Tem Arturo Galvan Jr., CADC Vice President Calixto Hernandez, CADC CEO Steve Pena.  New facility will be located along Alton Blvd and Dawes Street.  We welcome LSNB and its staff to the City of Alton.  Thank you for choosing our site for development.   

 

New Pollo Regio restaurant constructed in Alton 

((( NOW OPEN FOR BUSINESS))) 

Pollo Regio was founded by Mr. Juan Bazaldua in Austin, Texas.  He set up a special trailer that was outfitted with a charcoal grill, over which he cooked his special recipe marinated chicken.  The demand for his chicken was so great that it was not unusual for him to have sold everything he brought with him by noon each day and have people placing orders for the next day.  It became obvious that Mr. Bazaldua needed more space so he moved into a regular storefront.  He has since expanded in Austin, the Dallas-Fort Worth area, Houston, Waco and now the Rio Grande Valley.  We welcome Mr. Bazaldua and his chain of grill chicken restaurants.  Establishment is located along Alton Blvd.   

 

…..Developments In 2013-2014……………………………..

Jr.’s supermarket develops new plaza in Alton

(((NOW OPEN FOR BUSINESS)))

* Mr. Felix Chavez Jr., owner of Juniors Supermarkets has completed the new construction of his Juniors Supermarket in Alton located at the corner of Alton Blvd (SH 107) and Main Avenue (Mile 5 FM 676). This development has been in the mix for the past three years and now has come to fruition. Initially, Juniors was looking at an expansion of the current building, but when the new census numbers came in, they studied the area and decided a bigger investment was in order.

This type of development is actually what we have been working so hard for, stated Mayor Salvador Vela.  Like a pebble in a still pond, this will create a ripple effect for the entire community.  So far, eight (8) pad sites and two retail plazas are included in this site plan. They will be available for potential food franchisers or retailers to select from. The pad sites front both Main Street (Mile 5) and Alton Boulevard (SH 107).

AS OF 05/01/15

  • Construction on Jr’s Supermarket has been completed and is open for business.
  • Currently McDonald’s has been completed and is open for business.
  • Chapa Development is proposing construction of plaza on the lot North of the McDonald’s

Mr. Chavez, owner of the development, will be constructing a whole new design on his current supermarket, making it the premier store in his chain. Las Fuentes Plaza will be able to accommodate a variety of eateries and retail outlets for an enjoyable shopping experience. Mr. Pete Diaz III with B-Kan Realty will be brokering the deals for the new development and R.E. Garcia & Associates has been selected for engineering services.

Las Fuentes Plaza Final amended Plat

  • Jr’s Supermarket has been constructed on Lot 1 Block 3
  • McDonald’s has been constructed on Lot 3 Block 3
  • Chapa Development is proposing construction on Lot 2 Block 3 and Lot 3 Block 1

 

 

 

 

 

New McDonald’s restaurant now opened

(((NOW OPEN FOR BUSINESS)))

*The city of Alton has its first McDonald’s restaurant located at the Las Fuentes Plaza on the corner of Mile 5 (FM 676) and Alton Blvd (SH 107). Since 1955 McDonald’s has been serving great food to the public. We are proud to have this chain development within the city of Alton. WELCOME MCDONALD’S!!

 

New Domino’s restaurant now opened

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Domino's Pizza

*The city has its first Domino’s Pizza located at the Alton City Centre Plaza on the corner of Mile 5 (FM 676) and Austin Street. This restaurant will be delivery and take out only. This local Franchisee has decided to bring this great chain into our town where residence and all can enjoy great food that the whole family can enjoy. WELCOME DOMINO’S!!

 

Old Clinicas gets redone into new Plaza

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* Dr. Sarojini Bose MD as purchased the old Las Clinicas Plaza located on the corner of Los Ebanos and Mile 5. This new development will be called Alton Ashley Plaza. For further information on leasing space you can call Mr. Rudy Leal, Business Manager for Ashley Pediatrics at Office: 956-259-0400 x 1417 or Cell: 956-975-8104.

 

 

Golden Chick peaks its way into emerging Alton market

(((NOW OPEN FOR BUSINESS)))

* Still pushing forward from its small town vibe, Alton is a fast growing city attracting business owners from across the State. Mr. Calixto Hernandez, owner of the new Golden Chick located on the corner of Adams Street and Alton Blvd (SH 107), has decided to develop his new franchise within our great city. This will be the first food franchise for Alton. This delightful chicken chain has been serving up delicious tenders for more then 50 years. Based out of Dallas, the restaurant chain has close to 100 locations throughout Texas and Oklahoma.

Golden Chick is a Southern style restaurant known for its signature Original Golden Tender, marinated whole chicken tenderloin that’s hand battered and cooked to a delicious golden perfection. With the help of his sons, Calixto and David, Mr. Hernandez plans to run his new franchise as a family owned and operated business. NOW OPEN FOR BUSINESS.

 

 

 

 

 

 

 

 

New Subway restaurant now opened

(((NOW OPEN FOR BUSINESS)))

 

 

 

 

 

 

 

 

 

*The City of Alton has its first Subway restaurant located at Alton City Centre Plaza located on the corner of Mile 5 (FM 676) and Austin Street. This local Franchisee has decided to bring this great chain into our town where residence and all can enjoy nutritious meals that the whole family can enjoy.

 

Current Development:

Future Development:

Archived Presentations: