A 123-acre site in Argyle, Texas, is set for major development after R.Y. Properties received approval for a $160 million mixed-use project. The land, located at the southwest corner of Robson Ranch Road and I-35 West, will include retail space and potentially a medical and wellness campus, according to an announcement from the town.
The Argyle Town Council approved an economic development agreement with R.Y. Properties following months of rezoning discussions. As part of the agreement, the developer will invest $25 million in infrastructure such as roads, water, wastewater systems, and drainage. In exchange, R.Y. Properties may receive up to $20 million in performance-based sales tax reimbursements—a method that has become more common among fast-growing suburbs in North Texas seeking to expand their tax base without providing upfront incentives.
Jim Wills, who manages the land for R.Y. Properties, said there is a “very good possibility” that Baylor Scott & White Health could establish a campus on the site. Retail negotiations are ongoing with both local and national businesses.
Wills also noted that while there were talks with H-E-B about opening a store on the property, those discussions ended when H-E-B chose a location across the street within Hillwood’s $10 billion Landmark development. He said this outcome allows for a wider range of retailers to be considered for the project.
The timing of this development aligns with significant residential growth in Argyle and nearby areas. Developments such as Hillwood’s 4,000-home Harvest community are contributing to population increases. According to a Retail Strategies report cited by the town, over 61,000 people live within a 10-minute drive of the site; these residents have an average home value above $730,000 and median household income exceeding $150,000. The area is also near Hillwood’s Alliance development, which has created tens of thousands of jobs.
Infrastructure improvements were necessary before moving forward with construction. The land previously lacked access to sanitary sewer services—a problem resolved through coordination with the Texas Department of Transportation and Tarrant Regional Water District.
Although R.Y. Properties owns approximately 195 acres in total at this location, only 123 acres were rezoned during this phase of development. Town Manager Mike Sims described it as a phasing issue and indicated further development could occur later.
Argyle officials estimate that once complete, the project could generate around $127 million in sales tax revenue. This supports efforts by local leaders to reduce reliance on property taxes and position Argyle as more than just a bedroom community.
“Very good possibility” that Baylor Scott & White Health will locate a campus on the site,” Jim Wills told the outlet.
— Eric Weilbacher
