A major multi-use development is coming to one of the busiest parts of College Station.
Texas A&M's Campus Pointe project will go up where the married student apartments are currently located. It will start at the intersection of University Dr. and College Ave., and stretch all the way to the old Plaza redevelopment line.
People who live in the married student apartments have received notice from Texas A&M that they have to move by the end of May.
"That is the plan, for those structures to come down in calendar year 2013," said Phillip Ray, Chief Business Developer for the Texas A&M System.
The Gardens at University Apartments will remain on the property.
Ray says the Midway Development Company out of Houston leased the 60 acre plot of land from Texas A&M in October 2012. Midway Developers will be putting up the money to develop the project, then Texas A&M will eventually get a portion of the revenue generated by the project.
"Multiple green spaces, pedestrian friendly...it's a mixed use urban village," said Ray. "You can get everything from groceries, we contemplate, to entertainment, to hotel stays, and potentially a conference center."
The Campus Pointe project is expected to include:
-a 225 to 250 room full service hotel,
-200,000 sq. ft. of retail space,
-approximately 300 high end apartments,
-36 game day condos for Aggie game day weekends,
-150,000 sq. ft. of office space for businesses.
Officials say details could change as the project develops.
The student housing currently located on the land is tax exempt, so A&M System officials say all the new businesses that come with the project will generate a lot of taxes for College Station and Brazos County.
"We think it's going to bring a lot of jobs to the Brazos Valley," said Ray. "We're very excited about it. We really think it's going to be a tremendous thing for the Brazos Valley region."
The project is called Campus Pointe now, but that name could change. Texas A&M and Midway Developers want the new space to be for the whole community, not just students, so they may opt out of using "campus" in the project's name.
A&M System officials say the development will go up in three phases over the next several years. The contract with Midway Developers says the final phase will go up no later than November 2022.
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