Centerville Marketplace
Development Opportunity
Centerville Marketplace is located at the intersection of Centerville Road and IH 635 and represents a key gateway into Garland. The City's overall strategy for this area is to selectively redevelop underutilized properties to increase density and quality. New opportunities here will focus on redevelopment and revitalization. Residential development potential will likely be smaller-scale but this Catalyst Area is well-located to attract workforce renters and buyers. New residential development will improve the area's overall image and help to attract the appropriate type of replacement retail. Professional and other smaller-format office users can take advantage of the IH 635 access and would also benefit from quality new residential design.
Key Assets
- Ample vacant/underutilized parcels
- Proximity to major employment concentrations
- Regional access and visibility (IH 635)
Market Opportunity: Mid- to Long-Term
As shown, market potential within the Centerville Marketplace Catalyst Area suggests demand for residential (attached ownership and rental) uses with support neighborhood retail and local service office space. This Area represents a mid- to long-term (7 to 10 years) redevelopment opportunity.