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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Austin suburb lands new grocery store anchored retail center

oak meadows_georgetownMore retail development is headed to Georgetown, Cypress Equities of Dallas started construction Thursday of the 77,050-square-foot Oak Meadows Marketplace, a shopping center on 11.2 acres at the southwest corner of Williams Drive and Jim Hogg Road that will be anchored by a Randalls. The stores are expected to open in December 2017.

Two additional tenants have been secured for Oak Meadows: Organic Nails & Spa has signed for 2,097 square feet and Natural Pawz, a pet supply and grooming business, has signed for 1,700 square feet. That leaves about 16,000 square feet of retail space up for grabs. …Read Entire Post

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City moves forward with design for Downtown West development

Georgetown city staff is moving forward with detailed design work for Downtown West, a project that would consolidate city offices into a civic center just west of the Square, after receiving direction from City Council to proceed with a $13 million overall budget at its Aug. 23 workshop session.

The project, which was outlined in the city’s 2003 and 2014 downtown master plans, will repurpose the former library at 808 Martin Luther King Jr. St. to serve as City Hall, and the Georgetown Communications and Technology building at 510 W. Ninth St. would become the municipal court and City Council chambers. A green space would also be added. A future phase would include renovating the Historic Light and Waterworks building at 809 Martin Luther King Jr. St. …Read Entire Post

Three of Top 15 fastest growing U.S. cities located in Austin area

Texas cities are among the fastest growing in the nation according to the latest data released by the U.S. Census Bureau.  For the year ending July 1, 2013, seven of the top 15 fastest-growing cities in the U.S. are in Texas (cities included must have at least 50,000 residents).

Three of the Top 15 are located in Central Texas. San Marcos topped …Read Entire Post

New retailers opening at area shopping centers

Two Simon Property Group properties have added several new retailers to its tenant lineup.  The Arboretum located at 9333 Research Blvd. in North Austin gained The Orvis Company Inc. (8,800 sf), Blue Baker (6,519 sf) and Z Gallerie Inc. (8,712 sf).  Wolf Ranch Town Center located at the southwest corner of Interstate Highway 35 and State Highway 29 in Georgetown announced the addition of Gold’s Gym Express (16,522 sf) and Ross Stores Inc. (27,639 sf).

Click to read full article: New retailers opening at area shopping centers (Austin Business Journal, 2-2-12)

Drywall, acoustical supplier expands to the Austin area

NAI Austin Industrial Specialist Mark Milstead negotiated the sublease of 8040 sq. ft. at 110 Market Street to Gypsum Supply, Ltd. Gypsum is a Dallas company that specializes in drywall and acoustical supplies.

Started in 1991, Gypsum Supply, Ltd. helped created Amarok, a co-op that joins the resources of independent gypsum dealers. Amarok now has over 170 members and 300 locations nationwide. Gypsum Supply, Ltd. is looking to expand in Texas and was bought by the Wright Family in 2006.