A long-unused area in Argyle, Texas, is set for development after R.Y. Properties received approval for a $160 million mixed-use project. The 123-acre site 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 project moved forward following the Argyle Town Council’s approval of an economic development agreement after several months of rezoning discussions. R.Y. Properties, led by Robert Yu, will invest $25 million in infrastructure such as roads, water systems, wastewater management, and drainage. In exchange, the developer could receive up to $20 million in performance-based sales tax reimbursements.
Jim Wills, who manages the land for R.Y. Properties, said there is a “very good possibility” that Baylor Scott & White Health will locate a campus on the site—a concept discussed during earlier meetings with town officials. Retail negotiations are ongoing with both local and national businesses.
An H-E-B grocery store will not be part of this project. Wills explained that talks with H-E-B ended when the grocer chose a location across the street within Hillwood’s Landmark development instead. He added that this outcome allows for a wider range of retailers to be considered for the site.
Argyle and surrounding communities have seen significant residential growth recently. Nearby developments include Hillwood’s Harvest community with 4,000 homes. A report cited by town officials notes that more than 61,000 people live within ten minutes of the new project site; average home values exceed $730,000 and median household incomes are above $150,000.
Infrastructure challenges previously delayed development on this land due to lack of sanitary sewer access—a problem resolved through work with state transportation authorities and regional water agencies.
Only 123 acres were rezoned during this phase out of approximately 195 acres owned by R.Y. Properties; additional phases may follow in future years. Town Manager Mike Sims described it as “a phasing issue.”
Argyle estimates that this mixed-use project could generate about $127 million in sales tax revenue over time—helping reduce reliance on property taxes as part of efforts to transition from a bedroom community into a regional destination.
