Feeding into a strong El Paso housing market and overall economy, a local developer has announced plans to build a 550,000 square-foot mixed-use property.
The commercial development firm Prestige Development Group has purchased for $11 million a 20-acre mostly undeveloped site in the city that will soon be home to everything from apartments, retail space, offices, restaurants, and even hotels.
What is being called the Gateway will go up at 6767 Gateway West Boulevard, not far from Airway Boulevard, running parallel with Interstate 10.
As proposed, the project will be virtually a small city with four buildings fronting I-10 and housing stores and restaurants.
There will also be two offices buildings of three floors each, and, finally, an eight to ten-story structure with apartments on the top levels and parking space in the middle of the building.
The $50 million project will be located less than a mile from the Cielo Vista Mall, one of the most popular retail destinations in metropolitan El Paso.
It its more than two decades in El Paso, Prestige Development has spearheaded any number of shopping center, restaurant, and medical space projects.
Current plans call for work to begin on the Gateway in early 2020, with a general completion date of sometime in 2023.
By Garry Boulard
