NOTICE OF PUBLIC MEETING - TAX ABATEMENT DAL - FINALNOTICE OF PUBLIC MEETING
TO CONSIDER POSSIBLE TAX ABATEMENT AGREEMENT
REINVESTMENT ZONE NO. 2
CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS
TUESDAY, NOVEMBER 3, 2020 AT 5:30 PM
CITY OF SOUTHLAKE
COUNCIL CHAMBERS
TOWN HALL
1400 MAIN STREET
SOUTHLAKE, TEXAS 76092
The City Council of the City of Southlake, Tarrant County, Texas, at the above described
date, time, and location, will conduct a public meeting where it may consider a proposed
tax abatement agreement for approval applicable to the Reinvestment Zone No. 2, as
described as follows:
Property owners (lessors) / tax abatement agreement applicant:
Property Owner/Applicant: VariSpace Southlake L.L.C.
Name and location of reinvestment zone:
Reinvestment Zone No. 2, generally located at 1900 West Kirkwood Boulevard,
Southlake, Texas
General description of the nature of the improvements included in the agreement:
This project is a new VariSpace Southlake facility that will expand the VariSpace
services. Improvements will be made to vacant building complex with 450,000 total
square feet located at 1900 West Kirkwood Boulevard, improving the City’s commercial
Class A office market by redeveloping an aging property that has been vacant for almost
fifteen years, making it more attractive to users in the marketplace and increasing viability
for occupancy. This complex includes a campus setting with three connected buildings,
two buildings with three floors and one building with five floors. The building will be
renovated as a professional office space, inclusive of individual and group workspaces,
available for lease to tenants with various space requirements. Renovations will include
exterior upgrades, the addition of a fitness center, on-site café coffee bar, shared
conference and training areas, five outdoor courtyard areas and furnishings and
equipment for all office spaces. After renovation, the campus will include approximately
350,000 leasable square feet and accommodate approximately 1500 tenant employees.
Estimated cost of the improvements:
$34,747,400