SPRINGFIELD BUSINESS JOURNAL · 17 JAN. 29-FEB. 4, 2024 FOCUS ECONOMIC DEVELOPMENT walking trails, according to past reporting. Officials estimate the project to be $35 million-$40 million, with Phase I’s cost roughly $15 million. The final design phase is expected to begin this summer in advance of construction starting by late spring or early summer 2025. A grand opening is targeted for spring 2026. “We’re going to take our time on these projects – we’re going to do them right,” Keeling said, adding the message is communicated daily to staff. “Really, these three major capital improvement projects will set the tone for the Parks department for generations to come.” All three Parks projects are being funded by one of the city’s quarter-cent sales taxes used for capital investments. Voters in 2022 approved renewal of that tax, along with another quarter-cent sales tax that funds general park operations. Both have a new 25-year sunset, extending revenue collection to 2049. Developments update Beyond city projects, several other private sector mixed-use development projects are moving along, officials say. Stone Creek Falls, a 93-acre residential and commercial development on the edge of Republic at U.S. Highway 60, is under construction. While developer Sean Coatney of Countryland Homes Inc. didn’t return phone calls seeking an update on the project, Nelson said 360 apartment units are under construction among 12 buildings. The city has yet to issue building permits for the commercial lots. Nelson said roughly 240 of the apartments are expected to receive a certificate of occupancy by the end of the year. Over at Highway MM and Sawyer Road near the Amazon fulfillment center, the $65 million Iron Grain District mixeduse development is gradually announcing commercial tenants. Magers Management Co. officials in August announced The Roost Bar & Grill as its first restaurant tenant. The Roost is targeting a spring opening for its restaurant, which will mark its third location, joining two others in Springfield, according to past reporting. Shannon Handwerker, vice president of operations for Magers Management, said Eagle Stop was the first official tenant for Iron Grain, which opened last year nearby at 2804 N. Brookline Ave. She said the city recently approved infill construction drawings for another restaurant, Habaneros Mexican Cantina, which was announced in November as a new tenant. An unidentified medical provider also is coming to the development, she said. “We anticipate a summer opening,” she said of Habaneros, though she declined to disclose lease terms. Handwerker said the residential portion of the project is designed with more than 200 one-, two- and three-bedroom apartment units, over 20 townhomes and a pool, dog park, clubhouse and walking trails. The city has approved the building permit for the first phase of apartments, with construction expected to begin soon. Phase I will include 96 units, the clubhouse, pool and dog park. Plans also call for a hotel on the site, which Handwerker said would be a part of a future phase. • Republic: Multiple private-sector developments also underway in the city Continued from page 11 Proud Employees providing Quality Care Home Health • Hospice • Private Duty Care • Private Duty Nursing Department of Mental Health • In-Home Medicaid •Consumer Directed Services Comprehensive Disease Management At Phoenix we take pride in hiring the best caregivers and clinicians to provide you and your family with the best care right in the comfort of your home. 1839 E Independence Ave, Suite K, Springfield, MO 65804 417-881-7442 www.phoenixhomehc.com LOCALLY OWNED AND OPERATED BY DOUG & ANDREA WINDSOR © 2023 Five Star Painting SPV LLC. All rights Reserved. Commercial & Residential Painting 417.720.2376 FiveStarPainting.com 255 Single-family housing permits issued in 2023 by city of Republic Shannon Handwerker: Habaneros plans a summer opening at Iron Grain District. Work continues for the mixeduse Iron Grain District at Highway MM and Sawyer Road. TAWNIE WILSON
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