Deep Eddy set to construct second distillery in Buda.
After Deep Eddy Vodka’s distillery building near Dripping Springs had been bought by an out-of-state investor, the spirits company is expanding east, drawn by a large unused space and economic incentives.
Deep Eddy would open within months a second distilling facility inside a vacant 194,000-square-foot facility in Buda, south of Austin. Deep Eddy pledged Tuesday afternoon to continue operating its original distillery and tasting room in Dripping Springs. …Read Entire Post
Data Foundry Inc. is ready to break ground on Texas 2, a 325,000-square-foot data center in Southeast Austin. When completed, the facility will be valued at $200 million, according to company officials.
The campus is located at 4100 Smith School Road near East Stassney Lane and Burleson Road and encompasses 40 acres. Texas 1 and 2 are co-location centers — that is, they will provide data center services to multiple clients. Texas 2 is projected to deliver in third quarter 2017. …Read Entire Post
After voters last November rejected a $292 million bond measure to fund new construction, county officials apparently decided to sell the highly coveted location — currently a surface parking lot at 308 Guadalupe St.
The 77,215-square-foot site is one of the few remaining vacant parcels in downtown Austin that’s available for significant development. A key element: The Capitol View Corridor will not hinder this site, which could allow for a 25:1 floor area ratio — a high density. The Capitol View Corridor, meant to preserve views of the Texas Capitol, limits height and width on several central sites. …Read Entire Post
Hat Trick Development plans to build a medical office project known as the Medical Towers at Bee Cave. Alive and Well wellness center will be the lead tenant at the property, occupying 8,000 square feet.
The 80 percent-leased development is located on a 2.1-acre site off the northwest corner of RM 620 and State Highway 71 in Bee Cave. Tenants in the 23,000-square-foot project will include Lone Star Podiatry and River City Docs. Adam Metcalf is the owner of Alive and Well. …Read Entire Post
Austin-based JTM Development will break ground next week on Walsh Tarlton Overlook, a 55,000-square-foot office building in southwest Austin. Located just north of Capital of Texas Highway (Loop 360) and west of the Barton Creek Square Mall the three-story building is located at 2530 Walsh Tarlton Lane. …Read Entire Post
The 220,000-square-foot Wal-Mart Supercenter near Concordia University, located at 8201 N. RR 620, was sold to PacVentures Inc., a California-based commercial real estate company.
The store closed Jan. 28. “We are looking at converting [the building] into offices and nontraditional uses such as recreational facilities,” Founding Principal Andrew Kaplan said. …Read Entire Post
Central Health seeking a developer to renovations.
A huge opportunity for developers gets formally underway Sept. 1 when Central Health releases its request for qualifications for the redevelopment of the Brackenridge campus. The redevelopment of University Medical Center Brackenridge could create significant height and density near the Texas Capitol. …Read Entire Post
3M selling large campus in Austin.
Materials company 3M, best known for its Post-it notes and Scotch tape, is selling its main 156-acre campus in Austin, the company has confirmed.
The company declined to reveal the list price for the property, which includes 1 million square feet of office space. The 3M land, at RM 620 and RM 2222, is home to employees who work in 3M’s “electronics and energy” group, as well as its research and development facility. A separate manufacturing facility is off Research Boulevard and is not part of the sale. …Read Entire Post
New headquarters coming to Austin.
The 13-year-old tech company, which last year reported helping cargo transporters big and small generate over $150 million in sales through its online marketplace, is constructing a three-story, 45,000-square-feet campus at 205 E. Riverside Drive.
Most of the new jobs to come online will be software developers and sales professionals, executives said. The company will stay put at two downtown sites — one on Brazos Street and one on Congress Avenue — until at least the end of the year. …Read Entire Post
Walton Development and Management moved a step closer recently to starting work on a major mixed-use community in Hays County as part of its vast plans for Central Texas. The 763-acre Pecan Woods project passed a key hurdle Aug. 17 when Kyle City Council approved a development agreement to create a public improvement district, Community Impact reports. …Read Entire Post