Belton’s first 3-story office building underway

by / 0 Comments / 638 View / June 27, 2016

By Elizabeth Varville

Builder Major Constructions has recently began construction on Belton’s first 3-story office-focused building, Commerce Marketplace, in the transitioning neighborhood of Lake Road and Commerce. The 22,000 square foot building will feature office spaces on the second and third floors with retail spaces on the main floor; Fairway Independent Mortgage will occupy the majority of the third floor. The project is expected to take approximately one year to complete.
“I see the building as being further evidence that the city of Belton is growing and the city is where businesses want to be. The building is a manifestation of the good things that are happening in Belton,” said Public Information Officer of the City of Belton Paul Romer.
The project differs in the method of a developer.
“We are not utilizing the traditional developer method of an anchor. Meaning, typically a developer will come in with, for instance, a Starbucks as an anchor business and then lease additional space around the anchor with a certain percentage of spaces pre-leased. With us it was an internal demand. We knew of several people that needed offices so we built to that demand. Right now there are no office retail buildings in Belton, there are retail, but there are no office. So a lot of people rent an office space next to a retailer, such as TCBY. So you will typically see a strip retail where you will have a retail business that sells snow cones, ice cream, and sandwiches and then next to it you may have a small business such as law firm or a real estate,” said co-developer David Lee of Stratasys.
Local co-developer David Lee of Stratasys is a very involved Belton resident. He currently is a member of Belton’s City Counsel and has past involvements with Belton’s Chamber of Commerce and Lions Club. He attended Troy High School and graduated from The University of Texas in Austin. In 1995, he started his first business, Harvest Technology, in Austin. The Grand Avenue Theater in Belton is one of his many projects that has helped make Belton the growing city that it is today.
For more information on Commerce Marketplace, please call 254-771-5959.