El Paso to use public-private partnership for mixed-use facility
A new mixed-use project is being planned at the site of an old mall in El Paso. Dubbed “Metro 31,” the project (as seen in accompanying artist’s rendering) is on a 31-acre site. The project will feature retail and residential space and will include more than 370 apartment units, 75 affordable units and 43 live/work units. There will also be retail space for both offices and a grocery store. A Sun Metro bus terminal will be a central figure of the project. The current terminal on the property is small.
The public-private partnership, between the city of El Paso and developer Hunt Development Group, includes $13.7 million in property and sales tax rebates. El Paso County will be approached by the developer for a similar incentive agreement.
There will be five phases for the project. The first phase will include beginning work on the Sun Metro bus terminal. The entire project could take up to four years. Final design decisions are expected by Sept. 1, 2015.