117-acre mixed-use project slated for Cedar Park

CEDAR PARK – The city council has approved CPM Development’s 117-acre mixed-use project.

The development will include a:

• 250-room hotel with a 30,000-sf convention center,

• 500,000-sf Nebraska Furniture Mart, 

• 700,000-sf warehouse, and 

• 250,000 sf of additional commercial space. 

CPM must invest at least $400 million to build the project, generate $450 million in annual sales, and create 725 jobs to receive $45 million in performance-based tax rebates.

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Source: REBusiness Online