LITTLE ELM, Texas--(BUSINESS WIRE)--Nov 20, 2024--
Davidson Bogel Real Estate (“DB2RE”) announced a nearly 225,000 square-foot Target-Anchored shopping center will be coming to the north side of Little Elm, Texas along US HWY 380. Dallas based, Weber & Company purchased the property on November 14th. David Davidson, Jr. and Edward Bogel with DB2RE represented the family who has owned the property for 157 years.
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The future retail development is located at the intersection of US HWY 380 & Ryan Spiritas Parkway. Weber & Company will tribute the family’s history in North Texas by naming the shopping center, Bates Towne Crossing, in their honor. The Reverend William Edmunds Bates acquired the property in 1867. Reverend Bates founded numerous Methodist churches including Oak Grove Church on FM 720 which is located west of the Future Target. Bates Towne Crossing will provide for nearly 225,000 square-feet of retail, and be home to a Target store.
Target plans to open within the center in the Summer of 2026. Weber & Co. has been developing in North Texas for over 50 years, including numerous anchored shopping centers with users such as Target, Lowe's, Walmart, Kroger, and Home Depot.
DB2RE will continue to be involved in the project with Ryan Turner and Jonathan Cooper leading the leasing of the Shopping Center.
This is the second grocery anchored development announced at the intersection this year. Earlier this year, GBT announced their plans to develop a Sprouts-Anchored shopping center on the northeast corner.
HEB owns the land directly west of the future Target but has not released timing for developing the land.
For more information about this transaction or to inquire about available space in Bates Towne Crossing, please contact:
info@db2re.com
db2re.com
About DB2RE
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principal of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
About Weber & Company
Led by NTCAR Hall of Fame inductee John Weber, Weber & Co. has developed over 35 shopping centers totaling more than 11 million square feet of retail space in Texas. The company's centers have attracted major retail tenants such as Home Depot, Kroger, Lowe's, Target and Albertsons among many others.
Target-Anchored Shopping Center Planned for US HWY 380 in Little Elm, Texas (Photo: Business Wire)
States will share $10 billion for rural health care next year in a program that aims to offset the Trump administration's massive budget cuts to rural hospitals, federal officials announced Monday.
But while every state applied for money from the Rural Health Transformation Program, it won't be distributed equally. And critics worry that the funding might be pulled back if a state's policies don't match up with the administration's.
Officials said the average award for 2026 is $200 million, and the fund puts a total of $50 billion into rural health programs over five years. States propose how to spend their awards, and the Centers for Medicare and Medicaid Services assigns project officers to support each state, said agency administrator Dr. Mehmet Oz.
“This fund was crafted as part of the One Big Beautiful Bill, signed only six months ago now into law, in order to push states to be creative," Oz said in a call with reporters Monday.
Under the program, half of the money is equally distributed to each state. The other half is allocated based on a formula developed by CMS that considered rural population size, the financial health of a state’s medical facilities and health outcomes for a state’s population.
The formula also ties $12 billion of the five-year funding to whether states are implementing health policies prioritized by the Trump administration's “Make America Healthy Again” initiative. Examples include requiring nutrition education for health care providers, having schools participate in the Presidential Fitness Test or banning the use of SNAP benefits for so-called junk foods, Oz said.
Several Republican-led states — including Arkansas, Iowa, Louisiana, Nebraska, Oklahoma and Texas — have already adopted rules banning the purchase of foods like candy and soda with SNAP benefits.
The money that the states get will be recalculated annually, Oz said, allowing the administration to “claw back” funds if, for example, state leaders don't pass promised policies. Oz said the clawbacks are not punishments, but leverage governors can use to push policies by pointing to the potential loss of millions.
“I've already heard governors express that sentiment that this is not a threat, that this is actually an empowering element of the One Big Beautiful Bill," he said.
Carrie Cochran-McClain, chief policy officer with the National Rural Health Association, said she’s heard from a number of Democratic-led states that refused to include such restrictions on SNAP benefits even though it could hurt their chance to get more money from the fund.
“It’s not where their state leadership is,” she said.
Oz and other federal officials have touted the program as a 50% increase in Medicaid investments in rural health care. Rep. Don Bacon, a Republican from Nebraska who has been critical of many of the administration’s policies but voted for the budget bill that slashed Medicaid, pointed to the fund when recently questioned about how the cuts would hurt rural hospitals.
“That’s why we added a $50 billion rural hospital fund, to help any hospital that’s struggling,” Bacon said. “This money is meant to keep hospitals afloat.”
But experts say it won't nearly offset the losses that struggling rural hospitals will face from the federal spending law's $1.2 trillion cut from the federal budget over the next decade, primarily from Medicaid. Millions of people are also expected to lose Medicaid benefits.
Estimates suggest rural hospitals could lose around $137 billion over the next decade because of the budget measure. As many as 300 rural hospitals were at risk for closure because of the GOP’s spending package, according to an analysis by The Cecil G. Sheps Center for Health Services Research at the University of North Carolina at Chapel Hill.
“When you put that up against the $50 billion for the Rural Health Transformation Fund, you know — that math does not add up,” Cochran-McClain said.
She also said there's no guarantee that the funding will go to rural hospitals in need. For example, she noted, one state’s application included a proposal for healthier, locally sourced school lunch options in rural areas.
And even though innovation is a goal of the program, Cochran-McClain said it's tough for rural hospitals to innovate when they were struggling to break even before Congress’ Medicaid cuts.
“We talk to rural providers every day that say, ‘I would really love to do x, y, z, but I’m concerned about, you know, meeting payroll at the end of the month,’” she said. “So when you’re in that kind of crisis mode, it is, I would argue, almost impossible to do true innovation.”
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
FILE - Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, speaks during an event about drug prices with President Donald Trump, Thursday, Nov. 6, 2025, in the Oval Office of the White House in Washington. (AP Photo/Evan Vucci, File)
