Celina agreement outlines $7.5 million in downtown redevelopment

Two downtown properties are the focus of a Celina economic development agreement announced September 9: 102 N. Ohio Street and the historic Mayer Building at 313 W. Pecan Street.

The city says the partnership with Celina Real Estate, LLC anticipates $7.5 million in private investment. Plans call for a roughly 12,400-square-foot, two-story building at Ohio and Walnut streets, combining restaurant, retail and office space. The Mayer Building renovation would provide at least 5,000 square feet of restaurant space.

The agreement makes the projects eligible for up to $2.3 million in combined incentives, tied to construction and verified investment. Funding would come through downtown’s Tax Increment Reinvestment Zone No. 11.

These are development commitments, not announced restaurant openings. The stated completion deadlines extend to June 2029 for the Mayer Building and March 2030 for the Ohio Street project. Residents following downtown changes can use the city’s announcement to distinguish the planned spaces from businesses already operating.

Source: Read the original announcement or official community resource.

Prepared with AI assistance from the linked source. Cover: AI-generated community illustration, not a photograph of the reported event.