T
he Celina Economic Development Corporation (EDC) has successfully acquired a significant plot of land for mixed-use development, including hotels, retail spaces, and more. The land, spanning approximately 32 acres, was purchased for around $13 million from the Martinek family, who have been operating grain elevators, warehouses, and feed stores in North Texas for years. The family will lease six acres on the northern part of the property for their silos and office space for the next five years. Once the lease expires, the entire site can be developed, according to Anthony Satarino, the executive director of economic development at Celina EDC.

    The transaction was facilitated by Frisco-based REX Real Estate's Caleb Lavey on behalf of the Martinek Family, while Specialty Land Services' Buddy Minett represented Celina EDC in the negotiations. This acquisition marks Celina EDC's first land purchase, funded through the city's half-cent sales tax.

    The property is one of the last large parcels adjacent to downtown and is considered crucial for future growth. Potential development options include park space, boutique hotels, entertainment venues, and retail establishments. According to Celina Mayor Ryan Tubbs, "This will serve as the entrance into our inner downtown area, leading to our current and future entertainment district as it expands."

    A significant aspect of the plan is the integration of the newly acquired land with the proposed Ousley Park, a 30-acre linear park and trail system. The property, which features a creek system connecting both the new land and Ousley Park, will feature walking and biking trails that connect to Sunset Boulevard.

    While planning and preparation could take more than two years, the city and EDC are committed to seeking public input. A public-private partnership model will guide the development, with the city selecting one or more developers to bring the project to fruition. As per Anthony Satarino, "We will be looking at a public-private partnership model, either choosing one developer or multiple developers to partner with."

    The acquisition of this land is a significant step forward for Celina's economic development, as it opens up new opportunities for growth and development in the area. With careful planning and collaboration between public and private entities, this project has the potential to transform the city's landscape and attract new businesses and residents alike.