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RGV, TX MARKET REPORT-

Downtown McAllen gets $6.9M parking garage - 2/15/2008
(McAllen-Edinburg-Mission: Public Facilities)
(McAllen) - The City of McAllen has officially opened the $6.9 million Downtown Parking Garage for business. The five-story, 167,814-sf parking garage has 438 new parking spaces that will alleviate the parking issues in the Downtown area. The ground floor will house the Downtown Services Department Vital Statistics and Passport Divisions, as well as a McAllen Police Department unit.
[Rio Grande Business Weekly]

Alamo Drafthouse, Trenton Crossroads Plaza to open soon - 2/15/2008
(McAllen-Edinburg-Mission: Retail)
(Edinburg) - Trenton Crossroads Plaza, an estimated $12 million, 101,000-sf commercial and retail center that will be anchored by Alamo Drafthouse Cinema, is on track and set to open in March. Alamo Drafthouse Cinema will be the first of its kind in the Valley, and will feature six screens. It will be part of a plaza which also will be distinct for South Texas. Trenton Crossroads Plaza is located on a 20-acre site in southwest Edinburg at the intersection of Trenton and Jackson roads. In addition to the major plaza, another five restaurants and retail outlets are already open for business on commercial pads on the southern side of the site. Paul Garza, the project's developer, said the project will easily exceed the $8 million investment benchmark and 175 job-creation level required by the Edinburg Economic Development Corporation.
[Rio Grande Business Weekly]

Posted Thursday Feb 28