Celina Council Greenlights $90 Million Shopping Center

Celina City Council approved a $90 million commercial development that will bring the city's first Target store to the area.

The project, named Celina Towne Crossing, is planned for the northeast corner of Preston Road and Outer Loop. The council voted to sign an economic development agreement on Nov. 10.

Celina has recently seen a rise in major retail players. The city already hosts its first Walmart Supercenter and a Costco location. This new development adds to that existing retail base.

The site covers approximately 45 acres and will add 359,000 square feet of commercial space. The centerpiece is a 145,000-square-foot Target. Three junior anchor stores, two full-service restaurants, and four strip retail centers will join the big-box store. The plans also include a detention pond that will be landscaped into a water feature, along with space for public art and monuments.

The city will waive approximately $7.5 million in building and impact fees. In exchange, the developer must invest at least $90 million in buildings and infrastructure. The Target and the three junior anchors must be delivered by June 1, 2029. The two restaurants and four strip centers must be delivered by Dec. 1, 2029.

Anthony Satarino, president of the Celina Economic Development Corp., said the deadlines do not necessarily represent official opening dates. He stated the city expects to more than double its investment within 10 years.