Nack Development is proceeding with plans for a 55,000-square-foot mixed-use project in Celina, supported by a public incentive package totaling $3 million. The project, called Trackside Junction, is designed as a two-building development that will combine retail, restaurant, office, event and residential space across its footprint.
According to details reported by Community Impact, the first structure at Trackside Junction is planned as a four-story, 40,000-square-foot mixed-use building. The ground floor of this building is expected to house 10,000 square feet of retail and restaurant space, with three upper floors dedicated to office use. This layout positions the primary building as a multi-tenant environment serving both commercial and office users.
The second building in the project is planned at 15,000 square feet. Its ground floor will add another 5,000 square feet of space for retail and restaurant operators, while the upper level is slated for residential units. Together, the two buildings bring the project’s total commercial area to 55,000 square feet, split between office and street-level retail and restaurant uses, with residential space incorporated above the smaller building’s ground-floor commercial component.
The incentive package backing Trackside Junction includes several components. The city has agreed to sell a parcel of land valued at $1 million to Nack Development for $1. In addition, the agreement provides a $1.7 million contribution through a tax increment reinvestment zone and a $350,000 grant. These elements combine to form the $3 million in public support for the project.
In exchange for the incentives, Nack Development has committed to invest at least $15 million in Trackside Junction. The developer is required to begin construction by the start of next year and to complete both buildings by the middle of 2028. As part of the arrangement, Nack Development will also be responsible for funding certain traffic improvements associated with the project, aligning the public support with infrastructure and private capital commitments.
With its programmed mix of retail, restaurant, office, event and residential space, Trackside Junction is structured as a compact, vertically integrated project rather than a single-use property. The combination of substantial private investment requirements, a defined construction and completion timeline, and a package of land, grant and tax increment support reflects a negotiated public-private framework intended to bring a new mixed-use node to Celina.
