Economic Development Projects

CPM Development, LLC plans to invest a minimum of $400 million to build a hotel and convention center anchored by a superregional retail and entertainment destination. At a minimum, the company plans to build:

• A full-service, 250-room hotel
• 30,000 square feet of convention space to be owned by the city 
• 250,000 square feet of high-quality commercial development 
• 500,000 square feet for an NFM (Nebraska Furniture Mart) retail store 
• 700,000 square feet of warehouse space to service the NFM retail store
• Located on land behind H-E-B Center, along the north side of New Hope Drive
• Construction could start in 2024; NFM has announced it tentatively plans to open in 2025

Shop LC – a television and leading online retailer of jewelry and lifestyle products brings $50 million capital investment and 1,000 new jobs to Cedar Park. 

• 1700 N Bell Boulevard – on the east side of the highway- north of Whitestone Boulevard, south of New Hope Drive 
• Construction is about to start. Planned completion in 2024

Perfect Game is the world’s largest, most comprehensive baseball and softball scouting organization. It’s a legacy project that will be located on what was the Krienkes’ ranch. It is located just south of the East New Hope Drive extension that’s under construction and just east of Ronald Reagan Boulevard. This project brings a $4M capital investment, $20 million new net revenue to the City, and 150,000 hotel room nights by year 10. It is anticipated to open in 2025.