LOCKHART, TX-A new freeway section may bring 1.7 million squarefeet of retail, industrial and residential to this city, as part ofthe new Centerpoint at Lockhart project. Local developers JohnTrube and J.P. Newman look to build a $120 million project inmultiple phases along the new State Highway 130, which should opento the public in 2012.

The developers said that they’ve purchased 271 acres at the fourcorners of the intersection of 130 and State Highway 142, which isalso known as West Main Street. The property was annexed by thecity of Lockhart, which has pledged to provide utilities to thesite. Zoning and entitlements have been secured for about 750,000square feet of retail (including a hotel), one million square feetof industrial and flex facilities and 500 single-family andmultifamily housing units.

The property is adjacent to entrance and exit ramps to 130, anew tollway that will connect Austin and San Antonio. Lockhart isclose to the middle of both cities, Newman tells GlobeSt.com.“There’s not going to be a lot of frontage development along theroad, just at nodes like this,” he says. “Our goal is to have phaseone, which will include retail such as a hotel, restaurants,convenience stores and gas stations, complete when this part of theroad opens in 2012.”