Schulman’s Movie Bowl Grille is set to break ground on its nearly 73,000-square-foot entertainment complex at the southeast corner of U.S. Highway 75 and FM 1417 on Thursday morning.
The groundbreaking comes nearly two months after developer Mark Schulman received the last approval from the city needed before being able to start construction on the entertainment complex, which 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 Sherman City Council formally approved the final plat for the 13.215 acres of land for the first phase of the Schulman’s development in late April. In addition to the Movie Bowl Grille, plans for the full 22-acre development show a Lone Star Food Store will be the gas station and convenience store at the hard corner of the Hwy. 75 service road and FM 1417 and there are two open pad site to the south of that business along the service road. The second phase of the development will include the construction of a hotel/conference center on the site’s east side, past the creek that runs through the land.
Earlier this year, City Manager Robby Hefton explained a planned roadway, which he said 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.
When the council approved the final plat, Hefton told the council Schulman had 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.”
A development agreement approved by the council 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.