A new commercial development is in the works on the property next to Little Joe’s Farmstead on US 377.
At the September 15 meeting, the Argyle Town Council unanimously tabled approval of a Municipal Development District grant of up to $300,000 for the project so that town staff could further review it with the developer and property owner, Colo Development Partners.
An overview
According to town papers, the proposed Argyle Market Place project will consist of three newly constructed retail buildings totaling approximately 23,000 square feet.
Parking spots will be provided for stores, tenants, and visitors to the Argyle Nature Trail, which is located on the next land.
The construction will incorporate pedestrian routes connecting the retail center to the park, as well as increased electrical service to support park services and community events such as the monthly farmers market.
According to municipal papers, the shop is expected to generate $280,000 in sales tax revenue each year, and the project will cost $9.6 million to construct.
Town staff will bring the topic back to the October 20 meeting, according to Town Manager Mike Sims.
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Argyle authorities are seeking a $200,000 reimbursement grant to help the municipality afford the development of the Argyle Nature Trail on Cook Street.
According to Harrison Wicks, Director of Community Development, the Argyle Nature Trail will be a quarter-mile loop covered with concrete on the interior and a brick-paved path going onto the trail.
The route is expected to bring people to local businesses along US 377 and FM 407, according to the grant application. It will cover 4.6 acres of Cross Timbers woodland and may host future programs such as field trips, walks, and ecology classes.
At the Sept. 15 meeting, Council accepted the grant application, and town staff will submit it to the Denton County Development District No. 4, a government agency seeking to boost economic activity in the district, to request the funding, Wicks said.
According to town papers, lighting for the Argyle Nature Trail is projected to cost the town $457,759 in total. If lights are not included, the cost drops to $310,659.
“If we get the grant, good news, we get to have the lighting,” Sims exclaimed. “If we don’t get the grant then you’re going to remove the $147,100 in lighting.”
According to town papers, these expenses are based on park committee recommendations and a Westwood Engineering feasibility assessment. The funding would be used to clear vegetation, grade roads, build trails, plant landscapes, and install signage.
“Westwood has done a really close look to try to avoid as many healthy trees as possible [when constructing the trail],” Wicks told me. “Some of the alignment is going to be adjusted to move around some trees that we want to preserve specifically.”
Wicks stated that the town administration will request the Argyle Nature Trail funding at the Denton County Development District No. 4 meeting on October 6.
According to town papers, building is scheduled to begin in January or February and end in the fall of 2026.
