Developers Announce $130 Million Retail Power Center in Marble Falls, Texas

Marble Falls, Texas — A group of developers doing business as Flatrock Development Partners LLC has announced plans for The Shops at Flatrock Crossing, a $130 million retail center in Marble Falls, about 50 miles northwest of Austin. Developers include Bob Berryhill of Empirita Development (developer of record) and Bobby Johnson of Twenty Two 10 Group. Academy Sports + Outdoors will anchor the 330,000-square-foot center. Other tenants will include T.J. Maxx, Ulta Beauty, Five Below, Famous Footwear, James Avery and Maurices. Construction is scheduled to begin in early June. United Commercial Realty, an Ohio-based firm led by Mark Escaja, has arranged permanent financing for the project through KeyBank Real Estate Capital. Security State Bank provided the original construction loan for the project. The site has been part of the Roper Family ranch for more than 100 years, and members of the family have partnered with real estate professionals on the project.