NEQ US 281 & EAST MONTE CRISTO ROAD EDINBURG, TX 78542 - THOMAS TYNG - LoopNet
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NEQ US 281 & EAST MONTE CRISTO ROAD EDINBURG, TX 78542 THOMAS TYNG
TABLE OF CONTENTS SECTION I. . .. . .. . .. . .. . .. . .. . .. . EXECUTIVE SUMMARY SECTION II. ... ... ... ... ... ... ... MAPS SECTION III . .. . .. . .. . .. . .. . .. . .. AERIALS SECTION IV. .. . .. . .. . .. . .. . .. . .. SITE PLAN/MASTER PLANS SECTION V. ... ... ... ... ... ... ... RENDERINGS SECTION VI. .. . .. . .. . .. . .. . .. . .. EDINBURG HIGHLIGHTS SECTION VII. . .. . .. . .. . .. . .. . .. . RIO GRANDE VALLEY OVERVIEW SECTION VIII. . .. . .. . .. . .. . .. . .. . ARTICLES SECTION IX . .. . .. . .. . .. . .. . .. . .. DEMOGRAPHICS SECTION X . ... ... ... ... ... ... ... AGENCY DISCLOSURE The information contained was obtained from sources believed reliable, however, REATA Real Estate Services, LP, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this project is submitted subject to the errors, omissions and change of price or conditions prior to lease or withdrawal. RESACA MARKET ©REATA REAL ESTATE SERVICES, LP
EXECUTIVE SUMMARY
PROPERTY HIGHLIGHTS Proposed 400,000 SF mixed-use development at
the NEQ of I-69 (US 281) and East Monte Cristo Road
in Edinburg, TX. This project is part of La Sienna, a
586-acre master planned community which will in-
clude single and multi-family, sports, entertainment
and dining components.
Located at the heart of a booming Texas-Mexico bor-
der region in the Rio Grande Valley, Edinburg has ex-
perienced dramatic growth in recent years. Accord-
ing to the 2015 census, the city’s population grew at
a rate of 11.3% between 2010 and 2014.
LOCATION NEQ I-69 (US 281) & East Monte Cristo Road
Edinburg, TX 78542
GLA 500,000 SF (approximate)
TRAFFIC COUNTS I-69 (US 281) 30,550 CPD
Business 281 (Closner Road) 12,100 CPD
East Monte Cristo Road 14,561 CPD
DEMOGRAPHICS 3 Miles 5 Miles 7 Miles 10 Miles
2017 Estimated Population 24,739 90,612 140,859 281,884
2017 Estimated Households 6,503 25,798 39,915 81,301
Daytime Population 4,774 24,780 37,636 69,768
Average Household Income $48,561 $50,133 $59,180 $63,875
CONTACT THOMAS TYNG, PARTNER
210.841.3222
ttyng@reatares.com
RESACA MARKET SECTION I
MAP
RESACA MARKET
RESACA MARKET
RESACA MARKET SECTION II
MAP
VICINIT Y MAP - MISSION + MCALLEN + EDINBURG + PHARR
1 EDINBURG REGIONAL AIRPORT 4.5MI N
2 SANTANA TEXTILES 3MI N
3 DON HUGO PRODUCE TERMINAL 2.5MI N
4 UT-RGV EDINBURG 3.5MI SW
5 COUNTY COURT HOUSE 3MI SW
6 EDINBURG CITY OFFICES 3MI SW 1
7 NEW WALMART 3.5MI S
8 PROPOSED VIPER SPORTS ARENA 3.5MI S
9 SHOPPES AT TRENTON 3.5MI S
JCPENNY, ACADEMY, MCDONALD’S, 3
TJ MAXX, TACO PALENQUE, IHOP
2 LA SIENNA
10 NEW HEB SITE 3.5MI S DEVELOPMENT
11 DOCTOR’S HOSPITAL
AT RENAISSANCE 4.5MI SW 6
12 CINEMARK MOVIE BRISTO 4.5MI SW 45
13 PAPPADEUAX 4.5MI S
14 MCALLEN AIRPORT 15MI S 7
11 12 9
15 CIMARRON AND SHARYLAND 21 10
PLANTATION 20MI SW 8
16 PALMS CROSSINGS 15MI SW Option 2, page 3
PF CHANGES, BEST BUY,
SALTGRASS, BARNES & NOBLE 13
16 17
17 MERCEDES BENZ SAN JUAN 11MI SE resacas resacas resacas
SIE NNA SIENNA SIENNA 18 19
AT LA AT LA AT LA
15 20
18 RANGE ROVER SAN JUAN 11MI SE NOSTALGIC + CASUAL + ELEGANT
14
19 AUDI SAN JUAN 11MI SE
20 LAS TIENDAS 10MI S resacas esteros
SIE NNA SIE NNA
LA ATAT
LA LA ATAT
LA
BEST BUY, JASONS, OFFICE DEPOT,
HOOTERS, ACADEMY, STEINMART,
PER
PET SMART, LESLIE’S POOL
resacas esteros
21 EDINBURG REGIONAL HOSPITAL LA ATAT
SIE NNA
LA
LA
SIE NNA
ATAT
LA
AND CHILDREN’S HOSPITAL 3.5MI SW
RESACA MARKET resacas esteros
origoworks
CONCEPTUAL DESIGN | JUNE 1, 2014 LA ATAT
SIE NNA
LA LA
SIE NNA
ATAT
LA
ARCHITECTURE W CONSTRUCTION
SITE CONTEXT MAP
O
RESACA MARKET SECTION III
1
W
AERIAL
C
RESACA MARKET
C
14,561 C
PD
CPD
30,550
D
12,100 CP
107
107
RD Y
N SHAR
107
336
ST
N 10TH
C
RESACA MARKET SECTION III
AERIAL
33,822 CPD
RESACA
MARKET
SILO @ LA SIENNA
198 UNITS
24,061 CPD COMING SOON
14,955
CPD LA SIENNA APTS
288 UNITS
3Q 2017 OPENING
EDINBURG NORT
H
TRUMAN HIGH SCHOOL
D
12,100 CP
ELEMENTARY
SCHOOL
BOYS AND GIRLS CLUB
OF RIO GRANDE VALLEY
MEMORIAL MIDD
LE
SCHOOL
RESACA MARKET SECTION III
MASTER PLAN RESACA MARKET SECTION IV
MASTER PLAN
THE SILOS
AT LA SIENNA
EXISTING
ELEMENTARY
WATE
SCHOOL R
MULTIFAMILY
WATE
R
FUTURE
LOT-13
MIDDLE
38.26 ac. 628'
SCHOOL FUTURE RESIDENTIAL
WATER
SINGLE FAMILY LOTS
R
WATE
LOT-3
1317.0'
FUTURE WATE LOT-1
1273.6'
R
R 10.46 ac.
O
HIGH WATE
R 19 ac.
A
RETAIL
SINGLE FAMILY LOTS
D
SCHOOL LOT-11
E.I.S.D.
9.63 ac. WATER
SENIOR LIVING LOT-12
RD
9.9 ac.
FUTURE SCHOOL CAMPUS SENIOR LIVING
N JA
S
589'
MAN 73
'
IST O
RD
FUTURE WATER
589'
E.I.S.D. EXISTING 5 LOT-2
T- c.
73
475'
TE CR
'
ER
STADIUM LO1.7 a AT 6.92 ac.
410'
W
FUTURE RETAIL
DEVELOPMENT
R O A 1 (FUTURE DEV'T.)
D
G
B U R
MON
G
B U R
E DI N
651'
E DI N
LOT-9 LOT-10
D
EXISTING
R O A
9.33 ac. 16.03 ac. PROPERTY
E
BY OTHERS
LOT-4
LOT-14 APPROX.15 ac.
29.63 ac.
54.8 ac.
LOT-6 PAD SITES
R O A D
FUTURE DEVELOPMENT WATER
E B
LOT-15 R O A
D 61.12 ac. WATER
40.09 ac.
UR
UNIVERSITY PARK RESACA
NS
MIXED-USE PROJECT MARKET
RD
4.76 ac.
LOT-7 LOT-8
11.57 ac. 12.35 ac.
RETAIL RETAIL
281
ADDITIONAL
AY
PARKING
W
ESS
PR
EX
N
RD
IST O
BUS
TE CR
MON
RESACA MARKET
E
SECTION IV
0 200 400 600 800 1000 FT
MASTER PLAN
FUTURE
E.I.S.D
SCHOOL CA MPUS
THE SILOS
AT LA SIENNA
(MULTIFAMILY)
FUTURE TENNIS CENTER
RETAIL
LOTS
FUTURE
DEVELOPMENT
N EXPRESSWAY 281
RESACA MARKET SECTION IVRENDERINGS RESACA MARKET SECTION V
RENDERINGS
STREET VIEW
O 5
W
BOARDWALK VIEW
O 6
W
RESACA MARKET SECTION VEDINBURG HIGHLIGHTS
EDINBURG, TEXAS
Edinburg attracts international and local visitors alike who come Edinburg Facts
for the world-class shopping, medical facilities and affordable
housing. Edinburg is a city poised for growth. • New $62.2 million Convention Center to be constructed along
U.S. 281/I69C in south Edinburg
Located in the Rio Grande Valley and centrally located within one
of the largest trade corridors in the world, Edinburg lies at the • More than $200 million in new construction for the University
epicenter of one of the most dynamic regions in North America, a of Texas-Rio Grande Valley’s School of Medicine in Edinburg
booming Texas-Mexico border region with a population that has
• Healthcare explosion in the area – hospitals with 8,000+
been growing at huge rates for the past 20 years. As of January 1,
employees; projected to grow 12% annually
2012, the U.S. Census Bureau estimated the population of the Rio
Grande Valley at 1,305,782. A four-county area that includes the • New $54 million, city-owned 8,500-seat arena, home to the
counties of Hidalgo, Starr, Willacy and Cameron, the region, which NBA-affiliated Rio Grande Valley Vipers professional basketball
is 70 to 80 miles wide, is almost twice the size of Delaware and team, as well as host to major concerts and other large
four times the size of Rhode Island. gatherings
Edinburg is the county seat of Hidalgo, the seventh largest county • Edinburg boasts largest school district with more square
in Texas and home to the University of Texas-Pan American, the footage and 40,000 students
state’s tenth largest public university. Geographically, the county
ranges from farm and pasture lands to busy city landscapes. • A strong consumer base of 10.3 million within an 150-mile radius.
Edinburg offers a unique cultural experience, including historical In 2013, the McAllen-Edinburg-Mission MSA had retail sales of
landmarks, museums, attractions, outdoor recreation and approximately $13 billion
exceptional scenic beauty. It is a pro-business community with
an excellent quality of life, educational facilities and strong civic • An additional 50,000 travelers and visitors are estimated to be
pride. A great city to live and work, Edinburg has played a key in the MSA every day due to the new Interstate 69 Central
role in supporting the development of Resaca Market, a project
that reflects the unique culture of the Rio Grande Valley.
11.3% Population Change 28.6 Median Age 41% Population
2010−2014 (2015 Census) 25−45 Age Demographic
“Resaca Market could bring in as much as
$300 million a year into the city’s economy.”
AGUSTÍN “GUS” GARCÍA · EXECUTIVE DIRECTOR,
EDINBURG ECONOMIC DEVELOPMENT CORPORATION
RESACA MARKET SECTION VI
A Place to Work. 5RIO GRANDE VALLEY OVERVIEW
Resaca Market An additional 50,000 travelers and visitors are
estimated to be in the MSA every day due to the new Interstate 69
THE VALLEY ECONOMY
For many years, if not decades, a major influx of Mexican Facts about Mexican National shoppers
Nationals have been pouring into the Rio Grande Valley,
• High level of brand loyalty
generating substantial economic activity in the region. It has
• Price conscious
long been known that the large amount of spending by Mexican
• Like U.S. products (technological advancement, price
visitors drives the local Valley economy.
competitiveness, high quality)
• Enjoy a more civilized shopping environment
A recent study commissioned by the San Antonio Hispanic
• Pay predominantly in cash
Chamber of Commerce determined that Mexican visitors spent
more than $13 billion across a 20-county area covering the
* Information provided by the Economic Development
Texas-Mexico border and South Texas in 2013. And in Hidalgo
Corporation of Edinburg
County along, home to Edinburg and Resaca Market, shoppers
spent upwards of $2.4 billion dollars.
Given the magnitude of the economic impact in the area from
Mexican National spending, Resaca Market is in a key position
to cater to wealthy Mexican shoppers who primarily come from
Mexico’s second largest city, Monterrey, which is only 2 hours away.
To make it even more inviting, there is now a brand new highway
directly connecting Monterrey to the Mission-McAllen shopping
districts. In addition to shopping, Mexican visitors also come to the
U.S. for medical care and to buy homes and invest in businesses.
10
RESACA MARKET SECTION VIIRIO GRANDE VALLEY OVERVIEW
VALLEY SALES
Bankers call it a “Shadow Economy,” because much of the
spending by Mexican Nationals in the Valley has not been
documented until recently. But the numbers don’t lie. McAllen’s
largest mall at the south end of town generates $1,000 or more
per square foot of retail sales. Considering that the national
average in a mall is typically in the range of $200 to $250 per
square foot, these numbers are astounding.
A few miles away, an outlet mall generates $650 per square foot
of retail sales; an outdoor mall generates $500 per square foot
and yet another smaller mall in the area generates $350 to $400
per square foot of retail sales.
These are undoubtedly some of the most impressive numbers in
the entire country, and the reason they are so high is because of
the Mexican National shopper coming from Monterrey spending
their money in the U.S. One mall alone in McAllen generated
$1 billion in retail sales in a year. And, 60% of the sales were paid
for in cash. Nationally, malls tend to generate their money from
80% credit card use. Resaca Market is located on 50 acres that is part of
the master plan of La Sienna’s 726 acre tract of land.
Any retailer looking to open a new store needs to carefully
consider the Rio Grande Valley, because the numbers being • 200,000 sq. ft. of retail
generated are very difficult to come by in any other place in the
• 100,000 sq. ft. of dining
country. As evidence, top producing retail stores, including Super
• 300,000 sq. ft. of multi-family residences
Walmart, Pappadeaux Seafood Kitchen, H-E-B supermarkets and
• 100,000 sq. ft. of office space
major clothing and shoe stores generate some of their best square
foot sales in the McAllen and Mercedes malls.
Pad sites also available for future hotel, movie theater,
* Regional sales data provided by the Economic Development and other big box retailers.
Corporation of Edinburg
RESACA MARKET SECTION VIIRIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
RIO GRANDE VALLEY OVERVIEW RESACA MARKET SECTION VII
ARTICLES
$70 MILLION WORTH OF ROAD EXPANSION SET TO
CONNECT TRES LAGOS TO EDINBURG, MCALLEN
BY KRISTEN MOSBRUCKER , STAFF WRITER
THE MONITOR — SEPTEMBER 23, 2015
Monte Cristo between project that’s not shov- fered $10 million towards
McColl and 10th Street el ready yet so we pro- the facility and $8 million
into a four-lane highway longed it for another year. worth of infrastructure.
with a turning lane. It was We’ve got to take care of The university indicated
projected to cost $8 mil- our local streets in the that it aims to open its
lion back in 2014, accord- city now.” doors by 2017 with about
ing to the Hidalgo County 100 students, but has
Edinburg city council de-
Metropolitan Planning plans to expand to 750
cided to earmark $4.5
EDINBURG — About $70 Organization, and was students over five years.
million to work on local
million worth of new road listed at about $9.4 mil-
streets in its capital im-
construction and expan- lion in 2015.
sion was fast tracked as provement budget adopt-
But the state and federal ed for 2016. The $1 mil-
one condition for the new
government is slated to lion for the Monte Cristo
Texas A&M campus slated
cover most of the bill, and expansion is projected to
to be built inside the Tres
Lagos development in the local match is antici- be taken out of the 2014-
McAllen. pated to be about 20 per- 15 budget and Palacios
cent – or $2.1 million split argued that the shovels
“This corridor is critical,” between the City of Edin- are coming soon.
said Joseph Palacios, burg and Hidalgo County.
Hidalgo County com- “We are in a two- to three-
missioner for Precinct 4, Palacios spoke during year window to have ev-
regarding several road public comment at a re- erything ready – those
expansion projects along cent City of Edinburg infrastructure projects
Monte Cristo and Ware council meeting request- were precursors to Tex-
roads, near the entrance ing the city pay its share as A&M in addition to the
of Tres Lagos, a master of the bill after not sub- TIRZ (tax increment rein-
planned development in mitting payment back in vestment zone),” he said.
far northwest McAllen. It March – a month after the
Texas A&M leaders signed
also includes expansion interlocal agreement had
a letter of intent to devel-
of 10th Street that will been signed.
op about 100 acres within
link Highway 107 to Mon- Edinburg leaders said the Tres Lagos devel-
te Cristo Road. they delayed the decision opment, owned by Mike
“This is really going to en- to chip in a $1 million lump Rhodes – the same de-
hance mobility and defer sum after dealing with veloper of Bentsen Palm
a lot of the traffic that the torrent of rain and in Mission and the near-
normally utilizes Trenton flooding which impacted by Donna bridge. The
Road to continue north the city this spring. McAllen master planned
bound and take that “With all the rains that community is more than
route along Monte Cris- happened in the past few 2,500 acres and is slated
to,” Palacios said. months we had to priori- to feature an IDEA char-
The first stretch sched- tize which roads to work ter school and Edinburg
uled for expansion by the on,” said Homer Jasso school district campuses
end of 2017 is an $11 mil- Jr. mayor pro-tem for the too. The City of McAllen
lion project that will turn city of Edinburg. “It’s a and Hidalgo County of-
RESACA MARKET SECTION VIIIARTICLES
RESACA MARKET TO BRING JOBS, SHOPS,
MOVIES, RECREATION TO EDINBURG
BY MAY ORTEGA , STAFF WRITER
THE MONITOR — FEBRUARY 15, 2016
with the soon-expanding ed success won’t be lim-
La Sienna community, ited to Edinburg, accord-
which neighbors the fu- ing to the EDC executive
ture market site. director.
“As there’s more rooftops, “I don’t think it’ll just …
as land becomes less and meet the needs for those
less available, there’s go- individual residents in
ing to be service centers that area,” he said. “I
all around that area,” he think it’s going to meet
said. “As you know, with the needs for people
people living out there throughout the region.”
right now, it has been a
successful development.” One of those needs is job
EDINBURG — Canoeing, the surrounding area,” creation, which Garcia
outdoor concerts, dozens said Gus Garcia, execu- La Sienna residential said there will be plenty of.
of new shops and thou- tive director of the city’s area, off U.S. Highway
sands of jobs will be read- Economic Development 281 near Davis Road, has While the entire project
ily accessible if all goes as Corporation. “We plan two subdivisions totaling will cost $250 million
planned for the upcom- on having outdoor enter- about 250 homes, Gar- when completed, it has
ing Resaca Market. tainment. There’ll be ac- cia said. That area will yet to require a single
tivities in the water (like) also experience some taxpayer dollar. The city
Ground was broken for
the, $250 million, 45- kayaking.” construction with the will contribute about $10
acre project off U.S. High- The market is not de- addition of another sub- million, which will be re-
way 281 near Monte Cris- signed like usual indoor division, adding up to 150 imbursed over a 25-year
to Road about six months malls, but rather as an houses. period.
ago. Digging is underway “outdoor lifestyle center,” La Sienna and the Resa- Garcia could not give
for a lake-like body of wa- as Garcia called it. Al- ca Market are both being an estimate on when
ter, called a resaca, which though La Plaza Mall has orchestrated by the Edin- the entire Resaca Mar-
the market is named after. had tremendous success, burg-based Burns Broth- ket will be complete be-
The lake will serve as he said, such projects are ers, LTD. The upscale cause that depends on
the area’s centerpiece. It becoming pricier. Resaca community totals about initial retail tenants and
will be surrounded by a Market will differ because 700 acres. how soon others take up
movie theater, boardwalk, of the additional ameni- The idea for the market space there as well. Still,
jogging trail, a hotel and ties it will offer. was born in 2007 follow- he trusts the Rio Grande
dozens of retail outlets. “Not only will you have the ing La Sienna’s creation. Valley will receive the
Stores will have 350,000 shops, but you’re going However, Garcia said project with open arms.
square feet to work with, to have recreational and plans for the center were
“The citizens in the com-
but specific companies entertainment value to it, halted when the Great
munity, they want more.
taking up residence there which is really exciting for Recession hit in late 2007.
They want everybody
are being kept under us because a lot of these When the coast seemed
to do better. They want
wraps. citizens want that,” he clear about three years
more opportunities and
“We’ve got these really said. “It’ll be the first type ago, he said talks were more choices, and I think
neat cooling towers that of mall like that.” renewed. that they’re anxious to
cool the ambient air — He added the venture fits The endeavor’s anticipat see it happen.”
RESACA MARKET SECTION VIIIARTICLES
CINERGY ENTERTAINMENT GROUP, INC. ANNOUNCES A NEW
LOCATION OPENING EARLY SUMMER 2018 IN EDINBURG, TX
The new entertainment center will feature cinemas, bowling, multi-level laser tag, elevated ropes course, ful-
ly-loaded game floor, escape rooms, premium food offerings, a full-service bar, multiple event rooms, reserved
ticketing, luxury recliner seating, and a Cinergy EPIC auditorium.
CINERGY ENTERTAINMENT GROUP, INC.
JANUARY 25, 2017
DALLAS, Jan. 25, 2017 / amazing large-screen ex- guests’ expectations by and yet-to-be-announced
PRNewswire/ -- Cinergy perience using the most offering their favorite uses, the location in Re-
Entertainment Group, Inc. advanced technology amenities and going be- saca Market could not be
announces a new loca- and techniques available. yond with new thrilling any more ideal for a suc-
tion to open in Edinburg, EPIC is the ultimate in enhancements, including cessful cinema entertain-
TX at Resaca Market at La movie immersion and Cinergy’s first escape ment center.”
Sienna. The new 90,000 comfort. Featuring a rooms. An escape room
square foot entertain- massive 64’ x 35’ silver is a physical adventure Mayor Richard Garcia
ment complex will begin screen, Dolby Atmos® game in which players stated, “Edinburg is ec-
construction this summer sound system with over must use elements of the static about the opening
with a target opening of 62 channels, stunning room to solve a series of of Cinergy Cinemas &
May 2018. clarity, bright digital im- puzzles to escape within Entertainment at Resa-
ages utilizing a 4K projec- a set time limit. The ex- ca Market. The project
Cinergy Entertainment
tion system, ultra-plush perience will be one-of- offers just one more en-
will boast 10 state-of-
electric leather recliner a-kind; this is the future tertainment option along
the-art auditoriums, 18
seating, and the newest of the movie going and the ever-expanding I-69
lanes of upscale bowl-
movies every week, you’ll entertainment industry,” corridor, which is sched-
ing with sophisticated
be lifted from your seat states Jeffrey Benson, uled to include a slew of
design and seating, two
and taken straight into Cinergy’s CEO. shopping, dining, and
full-service bars, multi-
ple escape rooms, a ful- the movie. All auditori- Cinergy’s foray into the entertainment venues in
ly-loaded game floor with ums will feature luxury Rio Grande Valley is a cal- the form of a $250 mil-
more than 110 interactive electric recliner seating culated effort to expand lion mega-retail project
games, redemption store, with swivel table and ex- its geographic footprint in North Edinburg. This
premium dining options, tra wide space between within Texas. Per Jamie new venue is an import-
a multi-level laser tag rows for maximum com- Benson, Co-Founder, “We ant new addition to the
arena, Sky Walker with fort, making the dine-in know how fast Edinburg growing retail and qual-
a zip line (a gravity-de- theatre experience that and The Valley in general ity-of-life corridor along
fying, black light over- much better. “This new are growing. With all the 1-69. With Resaca Mar-
head ropes course), and location will exceed our other exciting tenants ket, HEB Park, and Bert
multiple event rooms.
Auditoriums will show-
case large wall-to-wall
screens, enhanced sound,
and spacious electric re-
cliner seating. The new
Edinburg complex will
feature Cinergy’s premi-
um large-format audito-
rium, EPIC “Experience
Perfection in Cinema.”
The EPIC auditorium was
developed to provide an
RESACA MARKET SECTION VIIIARTICLES
Ogden Arena, the Edinburg I-69 capital investment. Stay tuned, we screens and 18 lanes of bowling.
corridor is fast becoming a major have more announcements com- The company has three additional
entertainment, lifestyle, and shop- ing soon,” quoted Gus Garcia, Edin- locations under development rep-
ping destination in Hidalgo County.” burg’s EDC Executive Director. resenting 28 screens and 53 lanes
“The Edinburg EDC is pleased to of bowling. All Cinergy centers fea-
ABOUT RESACA MARKET
announce this great new venue for ture dine-in cinemas serving alco-
Resaca Market is the first phase of
the RGV. The sheer size of this new holic beverages and a tempting ar-
retail within the La Sienna master
90,000 square foot venue coupled ray of restaurant quality food and
planned project in Edinburg that
with the mix of entertainment op- beverages. In addition to upscale
includes retail, single family and
tions along this corridor continues cinema amenities, all Cinergy loca-
multi-family homes, along with fu-
to solidify it as a regional desti- tions feature a unique selection of
ture hotels and sports venues. La
nation site. Edinburg, which is lo- interactive games and a variety of
Sienna is a Burns Brothers devel-
cated along this corridor, is now a other amenities, including bowling,
opment under the leadership of Mr.
place where you can unwind, take billiards, full bars, laser tag, and
Kent Burns.
your shoes off and enjoy a morning, Sky Walker ropes course. Ciner-
day, and night of entertainment. ABOUT CINERGY ENTERTAINMENT gy is privately held by the Benson
We are extremely excited for La Dallas, Texas-based Cinergy Enter- family, the founders of Movie Tav-
Sienna and the Resaca Market, and tainment Group, Inc. is a visionary ern, the largest nationwide chain
we couldn’t have asked for a better industry innovator and regional of dine-in cinemas. For more infor-
anchor tenant. The project will cre- operator with three Texas cinema mation, visit Cinergy on the web at
ate 375 new jobs and 29 million in entertainment centers with 29 www.Cinergy.com
RESACA MARKET SECTION VIIIFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Rescaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2017 Estimated Population 24,739 90,612 140,859 281,884
POPULATION
2022 Projected Population 26,133 95,909 148,933 297,898
2010 Census Population 21,144 79,945 120,730 247,421
2000 Census Population 13,071 54,991 78,439 166,653
Projected Annual Growth 2017 to 2022 1.1% 1.2% 1.1% 1.1%
Historical Annual Growth 2000 to 2017 5.3% 3.8% 4.7% 4.1%
2017 Estimated Households 6,503 25,798 39,915 81,301
HOUSEHOLDS
2022 Projected Households 7,013 27,922 43,152 87,817
2010 Census Households 5,482 22,484 33,659 70,227
2000 Census Households 3,235 14,968 21,228 46,325
Projected Annual Growth 2017 to 2022 1.6% 1.6% 1.6% 1.6%
Historical Annual Growth 2000 to 2017 5.9% 4.3% 5.2% 4.4%
2017 Est. Population Under 10 Years 19.5% 18.0% 18.4% 18.3%
2017 Est. Population 10 to 19 Years 18.2% 17.2% 17.5% 17.6%
2017 Est. Population 20 to 29 Years 16.8% 18.3% 17.0% 16.1%
2017 Est. Population 30 to 44 Years 19.1% 19.5% 20.1% 20.1%
AGE
2017 Est. Population 45 to 59 Years 14.6% 14.7% 15.0% 15.5%
2017 Est. Population 60 to 74 Years 8.6% 8.5% 8.4% 8.7%
2017 Est. Population 75 Years or Over 3.2% 3.8% 3.7% 3.7%
2017 Est. Median Age 26.5 27.5 27.7 28.2
2017 Est. Male Population 49.4% 50.2% 49.7% 49.3%
MARITAL STATUS
2017 Est. Female Population 50.6% 49.8% 50.3% 50.7%
& GENDER
2017 Est. Never Married 37.2% 38.9% 37.2% 35.3%
2017 Est. Now Married 43.8% 40.8% 42.9% 45.0%
2017 Est. Separated or Divorced 13.9% 15.8% 15.5% 15.6%
2017 Est. Widowed 5.1% 4.5% 4.3% 4.2%
2017 Est. HH Income $200,000 or More 1.2% 1.6% 2.3% 3.5%
2017 Est. HH Income $150,000 to $199,999 1.8% 2.6% 3.8% 3.9%
2017 Est. HH Income $100,000 to $149,999 7.4% 8.9% 12.0% 11.9%
2017 Est. HH Income $75,000 to $99,999 11.4% 10.1% 11.5% 11.7%
2017 Est. HH Income $50,000 to $74,999 15.7% 14.9% 15.5% 17.0%
INCOME
2017 Est. HH Income $35,000 to $49,999 16.7% 14.2% 13.4% 13.0%
2017 Est. HH Income $25,000 to $34,999 13.7% 11.8% 10.8% 10.7%
2017 Est. HH Income $15,000 to $24,999 10.5% 13.5% 12.6% 12.2%
2017 Est. HH Income Under $15,000 21.7% 22.3% 18.0% 16.2%
2017 Est. Average Household Income $48,561 $50,133 $59,180 $63,875
2017 Est. Median Household Income $37,817 $39,378 $48,193 $51,455
2017 Est. Per Capita Income $12,784 $14,698 $17,089 $18,592
2017 Est. Total Businesses 355 1,882 2,953 6,600
2017 Est. Total Employees 4,774 24,780 37,636 69,768
©2017, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 3 Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography
RESACA MARKET SECTION IXFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Rescaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542
2017 Est. White 93.4% 87.2% 86.6% 86.7%
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2017 Est. Black 0.6% 1.6% 1.5% 1.4%
RACE
2017 Est. Asian or Pacific Islander 0.3% 1.0% 1.7% 1.9%
2017 Est. American Indian or Alaska Native 0.2% 0.4% 0.4% 0.3%
2017 Est. Other Races 5.4% 9.8% 9.9% 9.7%
2017 Est. Hispanic Population 23,485 83,546 128,138 253,127
HISPANIC
2017 Est. Hispanic Population 94.9% 92.2% 91.0% 89.8%
2022 Proj. Hispanic Population 95.3% 92.6% 91.4% 90.3%
2010 Hispanic Population 95.0% 92.0% 90.7% 89.0%
2017 Est. Adult Population (25 Years or Over) 13,153 49,337 77,222 156,610
2017 Est. Elementary (Grade Level 0 to 8) 22.9% 19.7% 18.1% 17.3%
(Adults 25 or Older)
EDUCATION
2017 Est. Some High School (Grade Level 9 to 11) 16.0% 13.9% 12.4% 12.0%
2017 Est. High School Graduate 22.4% 23.8% 22.9% 22.4%
2017 Est. Some College 18.2% 19.5% 19.6% 19.6%
2017 Est. Associate Degree Only 3.8% 4.4% 4.7% 5.5%
2017 Est. Bachelor Degree Only 12.1% 13.8% 16.0% 16.6%
2017 Est. Graduate Degree 4.7% 4.9% 6.1% 6.6%
2017 Est. Total Housing Units 6,944 27,161 41,911 85,684
HOUSING
2017 Est. Owner-Occupied 70.3% 56.6% 62.4% 64.8%
2017 Est. Renter-Occupied 23.4% 38.4% 32.8% 30.0%
2017 Est. Vacant Housing 6.3% 5.0% 4.8% 5.1%
2010 Homes Built 2005 or later 0.1% 1.2% 1.2% 1.1%
HOMES BUILT BY YEAR
2010 Homes Built 2000 to 2004 45.3% 35.5% 37.7% 37.3%
2010 Homes Built 1990 to 1999 31.0% 24.4% 26.5% 26.5%
2010 Homes Built 1980 to 1989 20.2% 19.7% 18.8% 19.8%
2010 Homes Built 1970 to 1979 8.8% 12.0% 11.7% 12.0%
2010 Homes Built 1960 to 1969 3.0% 7.0% 6.2% 5.8%
2010 Homes Built 1950 to 1959 2.5% 3.9% 3.3% 2.7%
2010 Homes Built Before 1949 2.0% 4.3% 3.6% 2.5%
2010 Home Value $1,000,000 or More - - - 0.1%
2010 Home Value $500,000 to $999,999 2.2% 1.4% 1.3% 1.6%
2010 Home Value $400,000 to $499,999 0.5% 0.3% 0.6% 0.7%
2010 Home Value $300,000 to $399,999 1.9% 2.0% 3.0% 3.4%
HOME VALUES
2010 Home Value $200,000 to $299,999 5.0% 6.5% 9.2% 9.3%
2010 Home Value $150,000 to $199,999 10.2% 11.6% 14.3% 15.4%
2010 Home Value $100,000 to $149,999 24.3% 23.3% 27.1% 28.1%
2010 Home Value $50,000 to $99,999 47.4% 45.3% 39.7% 35.6%
2010 Home Value $25,000 to $49,999 23.3% 19.9% 16.9% 14.9%
2010 Home Value Under $25,000 7.2% 7.8% 7.3% 7.0%
2010 Median Home Value $79,945 $87,750 $98,019 $103,928
2010 Median Rent $588 $541 $569 $598
RESACA MARKET
©2017, Sites USA, Chandler, Arizona, 480-491-1112 page 2 of 3
SECTION IX
Demographic Source: Applied Geographic Solutions 04/2017, TIGER GeographyFULL PROFILE
DEMOGRAPHICS
2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.3545/-98.1484
RF1
Rescaca Market
3 mi radius 5 mi radius 7 mi radius 10 mi radius
4905 N Expressway 281, Edinburg, TX 78542
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
2017 Est. Labor Population Age 16 Years or Over 17,252 65,316 100,368 200,254
2017 Est. Civilian Employed 52.8% 54.5% 56.4% 57.0%
LABOR FORCE
2017 Est. Civilian Unemployed 5.1% 4.1% 4.0% 4.0%
2017 Est. in Armed Forces 0.3% 0.1% 0.1% 0.1%
2017 Est. not in Labor Force 41.8% 41.3% 39.6% 38.9%
2017 Labor Force Males 48.7% 49.8% 49.3% 48.6%
2017 Labor Force Females 51.3% 50.2% 50.7% 51.4%
2010 Occupation: Population Age 16 Years or Over 9,173 35,706 56,188 113,793
2010 Mgmt, Business, & Financial Operations 9.3% 10.1% 11.1% 11.6%
2010 Professional, Related 13.7% 17.0% 19.8% 20.2%
OCCUPATION
2010 Service 23.8% 23.8% 22.3% 21.4%
2010 Sales, Office 23.1% 25.0% 24.9% 25.7%
2010 Farming, Fishing, Forestry 1.4% 1.3% 1.1% 0.9%
2010 Construction, Extraction, Maintenance 16.3% 11.5% 10.2% 9.8%
2010 Production, Transport, Material Moving 12.3% 11.3% 10.5% 10.3%
2010 White Collar Workers 46.2% 52.1% 55.8% 57.5%
2010 Blue Collar Workers 53.8% 47.9% 44.2% 42.5%
2010 Drive to Work Alone 76.4% 75.6% 77.1% 78.6%
TRANSPORTATION
2010 Drive to Work in Carpool 11.0% 10.9% 10.3% 9.6%
TO WORK
2010 Travel to Work by Public Transportation 0.1% 0.9% 0.6% 0.5%
2010 Drive to Work on Motorcycle 0.1% - - 0.1%
2010 Walk or Bicycle to Work 0.9% 2.1% 1.6% 1.3%
2010 Other Means 5.7% 5.3% 5.3% 5.0%
2010 Work at Home 5.9% 5.2% 5.1% 5.0%
2010 Travel to Work in 14 Minutes or Less 23.6% 29.2% 29.7% 29.9%
TRAVEL TIME
2010 Travel to Work in 15 to 29 Minutes 45.7% 46.7% 48.6% 51.3%
2010 Travel to Work in 30 to 59 Minutes 20.8% 21.0% 21.4% 20.1%
2010 Travel to Work in 60 Minutes or More 7.5% 6.2% 6.1% 5.7%
2010 Average Travel Time to Work 20.5 20.0 20.0 19.6
2017 Est. Total Household Expenditure $279 M $1.13 B $1.94 B $4.16 B
2017 Est. Apparel $9.84 M $39.6 M $68.4 M $147 M
CONSUMER EXPENDITURE
2017 Est. Contributions, Gifts $16.5 M $68.5 M $123 M $269 M
2017 Est. Education, Reading $9.76 M $41.0 M $73.0 M $158 M
2017 Est. Entertainment $15.4 M $62.2 M $108 M $232 M
2017 Est. Food, Beverages, Tobacco $44.7 M $179 M $304 M $649 M
2017 Est. Furnishings, Equipment $9.03 M $36.8 M $64.7 M $140 M
2017 Est. Health Care, Insurance $25.0 M $101 M $170 M $364 M
2017 Est. Household Operations, Shelter, Utilities $86.8 M $351 M $604 M $1.29 B
2017 Est. Miscellaneous Expenses $4.14 M $16.7 M $28.5 M $60.9 M
2017 Est. Personal Care $3.64 M $14.7 M $25.3 M $54.2 M
2017 Est. Transportation $54.1 M $216 M $372 M $795 M
©2017, Sites USA, Chandler, Arizona, 480-491-1112 page 3 of 3 Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography
RESACA MARKET SECTION IXAGENCY DISCLOSURE
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: transaction. The written agreement must state who
• A BROKER is responsible for all brokerage activities, will pay the broker and, in conspicuous bold or under-
including acts performed by sales agents sponsored lined print, set forth the broker’s obligations as an in-
by the broker. termediary. A broker who acts as an intermediary:
• A SALES AGENT must be sponsored by a broker and • Must treat all parties to the transaction impartially
works with clients on behalf of the broker. and fairly;
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW • May, with the parties’ written consent, appoint a dif-
(A client is the person or party that the broker represents): ferent license holder associated with the broker to
• Put the interests of the client above all others, includ- each party (owner and buyer) to communicate with,
ing the broker’s own interests; provide opinions and advice to, and carry out the in-
• Inform the client of any material information about structions of each party to the transaction.
the property or transaction received by the broker; • Must not, unless specifically authorized in writing to
• Answer the client’s questions and present any offer do so by the party, disclose:
to or counter-offer from the client; and › that the owner will accept a price less than the writ-
• Treat all parties to a real estate transaction honestly ten asking price;
and fairly. › that the buyer/tenant will pay a price greater than
the price submitted in a written offer; and
A LICENSE HOLDER CAN REPRESENT A PARTY IN A › any confidential information or any other informa-
REAL ESTATE TRANSACTION: tion that a party specifically instructs the broker
AS AGENT FOR OWNER (SELLER/LANDLORD): The in writing not to disclose, unless required to do so
broker becomes the property owner’s agent through by law.
an agreement with the owner, usually in a written list- AS SUBAGENT: A license holder acts as a subagent
ing to sell or property management agreement. An when aiding a buyer in a transaction without an agree-
owner’s agent must perform the broker’s minimum ment to represent the buyer. A subagent can assist
duties above and must inform the owner of any ma- the buyer but does not represent the buyer and must
terial information about the property or transaction place the interests of the owner first.
known by the agent, including information disclosed to
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN
the agent or subagent by the buyer or buyer’s agent.
YOU AND A BROKER SHOULD BE IN WRITING AND
AS AGENT FOR BUYER/TENANT: The broker becomes CLEARLY ESTABLISH:
the buyer/tenant’s agent by agreeing to represent • The broker’s duties and responsibilities to you, and
the buyer, usually through a written representation your obligations under the representation agreement.
agreement. A buyer’s agent must perform the bro- • Who will pay the broker for services provided to you,
ker’s minimum duties above and must inform the buy- when payment will be made and how the payment
er of any material information about the property or will be calculated.
transaction known by the agent, including information LICENSE HOLDER CONTACT INFORMATION: This no-
disclosed to the agent by the seller or seller’s agent. tice is being provided for information purposes. It does
AS AGENT FOR BOTH — INTERMEDIARY: To act as not create an obligation for you to use the broker’s
an intermediary between the parties the broker must services. Please acknowledge receipt of this notice be-
first obtain the written agreement of each party to the low and retain a copy for your records.
Regulated by the Texas Real Estate Commission. Information available at www.trec.texas.gov IABS 1-0 02/16/16
REATA Real Estate Services, LP 9002891 ttyng@reatares.com 210.930.4111
Licensed Broker/Broker Firm Name or License Number Email Phone
Primary Assumed Business Name
Thomas C. Tyng, Jr. 0406718 ttyng@reatares.com 210.930.4111
Designated Broker of Firm License Number Email Phone
Sales Agent License Number Email Phone
Sales Agent License Number Email Phone
Sales Agent License Number Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
RESACA MARKET SECTION VIIYou can also read
