It will be the only commercial property on the Rio Grande in New Mexico, according to Zack Snyder with @Rio developments.

"Have a coffee, have lunch, have dinner, bring your friends out here spend a weekend or a day out on the Rio Grande. You'll be able to rent canoes, you'll be able to float down the river's edge too," said Snyder.

Snyder says both private and public partners will be sensitive to environmental concerns along the Bosque.

"We're working very closely with government agencies to make sure that we get their input before anything is finalized," said Snyder.

Officials hope to have the project complete in late 2019.