The developer of a planned Schulman's Movie Bowl Grille in Sherman got the last approval from the city needed before being able to start construction on the entertainment complex. City Manager Robby Hefton said Mark Schulman's development at the southeast corner of U.S. Highway 75 and FM 1417 will likely begin moving dirt at the site by the end of May or beginning of June.
Addressing a pair of Schulman's-related items at the start of its budget planning meeting Friday afternoon, the Sherman City Council formally approved the final plat for the 13.215 acres of land for the first phase of the Schulman's development. Plans provided to the city show the complex is expected to encompass 72,995 square feet with multiple bowling lanes, eight movie screens offering dine-in viewing, arcade and dining options through a Billy's Grille and Bar.
The other item approved was an amendment to a development agreement the council approved with Schulman's 58 Aggie Development LLC last year.
“What this does is reflect the changes to the development that are going on in that entire part of town,” Hefton said of the amendment. “Specifically, a city boulevard that will be proposed to be built that will start south of (FM) 1417, on the northbound (Hwy. 75) service road.”
Earlier this year, Hefton explained the planned roadway, which he said Friday will probably be called Legacy Boulevard, will run along the southern boundary of the Schulman's development tract. He said it will head east around the hotel convention center area planned for the second phase of the development on the east side and curve to the north to intersect with FM 1417. It could also provide access to a more than 200-acre development being considered by private developers to the east of the Schulman's site, Hefton said.
“We wanted some clarity to our agreement, just to make sure everybody knew who was doing what part of that project,” Hefton said of the agreement amendment. “For economy's sake, we will likely be doing that part of the concrete work and the roads as the other stuff is being done because we can get a better price on the concrete and whatnot doing that at the same time.”
Hefton told the council Schulman has done a “tremendous” amount of engineering and architectural design work on the project already.
“We've been working closely with his engineers,” Hefton said of his staff. “They've been working with their engineers to get those things rolling. And he (Schulman) is making progress on getting tenants for the rest of the pad sites.”
The agreement approved last year will provide a cash grant of 50 percent of the sales tax generated by the planned commercial development over a seven-year period. However, the agreement puts a $1.5 million cap on the cash grant, and the agreement expires once the seven-year period ends.
City staff said the commercial and retail center development is expected to bring around $25 million in capital investments to the location and generate hundreds of thousands of dollars in annual sales tax revenue for Sherman.
Fire station incentive
Hefton said Schulman's and the Sherman Economic Development Corp. closed on its sale of the land for phase one of the project this week.
The council tabled a resolution earlier this year that would have offered a $30,000 incentive to Crossland Construction Inc. of Prosper for completing the work on the new fire station 30 days ahead of schedule. The council opted to hold off on considering the incentive until after the property sale closed.
At the time, Assistant City Manager Steve Ayers said the early relocation of the fire station would be beneficial for Schulman's plans, but the incentive offer was not a suggestion made by the entertainment company to move things along more quickly.
“They say they're ready to move forward,” Ayers said. “It's going to make things a lot better for them logistically if that fire department's out of the way, so they can do their dirt work and such.”