PILLAR: Growing
AGENDA DATE: September 23, 2026
COUNCIL DISTRICT(S): 10
DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a tax increment financing (“TIF”) development agreement and all other necessary documents (“Agreement”) with TyGra Walnut Hill, LLC and/or its affiliates (“Developer”) in an amount not to exceed $1,188,662.00, payable from current and future Skillman Corridor TIF District funds (“TIF Subsidy”), in consideration of The Highlands Village Retail & Office Redevelopment Project (“Project”) on 0.477 acres of property currently addressed as 9715 Walnut Hill Lane (“Property”) in Tax Increment Reinvestment Zone Number Fourteen (“Skillman Corridor TIF District”), in accordance with the Economic Development Incentive Policy – Not to exceed $1,188,662.00 – Financing: Skillman Corridor TIF District Fund
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
The Highlands Village Retail & Office Redevelopment Project (“Project”) is planned to replace an outdated and underutilized full-service car wash built in 1976 with a new mixed-use building featuring ground floor retail and second floor office space totaling approximately 7,220 net leasable square feet. The Property is approximately 0.447 acres currently addressed as 9715 Walnut Hill Lane located approximately 200 feet west of northwest corner of Audelia Road and Walnut Hill Lane.
The proposed scope of the Project includes the following:
full demolition of the existing building, site clearing, and new ground-up construction of a 2-story mixed-use (retail and office) building (totaling approximately 7,220 net leasable square feet); and
site improvements including water, wastewater, storm drainage, new paving, landscaping, signage, lighting (site and pedestrian); and
sidewalk and streetscape improvements along the Walnut Hill frontage of the Property
Deve...
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