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

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37-story tower planned for downtown Austin block

Austin downtown skyline.

Austin downtown skyline.

Trammell Crow Company plans to build a 37-story tower with office, restaurant and retail uses on a prime downtown Austin block owned by the University of Texas System, documents filed with the city show. …Read Entire Post

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InvenTrust Acquires Grocery-Anchored Center

HEB

InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed. …Read Entire Post

High-end home retailer closes Austin store at Domain

pirchAs it focuses on its profitable stores in California, high-end appliance and kitchen retailer Pirch is shuttering most of its 10 stores in other states — including a showroom at Domain Northside in Austin that opened just four months ago. …Read Entire Post

Retail Center sold in Northwest Austin

The Grove at Lakeline, a 16,253-square-foot retail property in Austin was purchased by a limited liability firm for an undisclosed price. Located at the northwest corner of State Highway 183 and Ranch Road 620; the center houses tenants such as Mattress Firm, T-Mobile and Orangetheory Fitness.

Click here to read the original article: Retail Center sold in Northwest Austin REBusiness 9-11-2017

The Parke finds a buyer

TheParkeThe Parke was recently sold to InvenTrust Properties Corp. for $112 million. The 404,000-square-foot center is anchored by the only Texas location of 365 by Whole Foods Market, the smaller, tech-centric concept from Austin-based Whole Foods Market Inc. …Read Entire Post

Austin's skyline to reach new heights

Austin skyline will feature a new skyscraper.

Austin skyline will feature a new skyscraper.

A skyscraper proposed for 600 Guadalupe St. in downtown Austin is planned to soar more than 60 stories high — perhaps up to 75 — it would be by far the tallest building in the city.

…Read Entire Post

Brew pub inks lease in downtown Austin garage

Austin City Council approved Thursday a 60-month lease with Easy Holly LLC for 3,580 square feet of at 417 Red River Street, inside the city-owned garage that is catty-corner to the convention center. Austin City Council has approved a 60-month lease with a brew pub for space inside the Austin Convention Center parking garage. …Read Entire Post

Summit at Rivery adds tenants as city acts on retail plan

The Summit at Rivery Park, the 32-acre mixed-use development between Rivery Boulevard and Williams Drive, will see new locations for Orangetheory Fitness and Woops BakeShop open by the fall, according to the companies.

The boutique retail development’s owner expects to add several more tenants before the end of 2017, including a brick-oven pizza restaurant, according to Jeff Novak, managing partner with Novak Brothers, the company behind the retail development. …Read Entire Post

Holt Caterpillar retail center spurs additional development projects

By the end of 2018, the heavy-equipment supplier plans to construct a retail center at least 60,000 square feet in size at 2101 Airport Road, Georgetown, north of the intersection of Lakeway Drive and I-35.

Georgetown officials said the project is still in the planning phase, as is a planned expansion of Airport into a four-lane roadway and a new water line. City officials also said they are seeing increased activity and interest in the area near the future retail center due to its proximity to the airport and I-35, and they see the location as a prime spot for future retail and industrial development. …Read Entire Post

Discount European grocery chain eyes Austin area

Discount German grocery chains Aldi Inc. and Lidl Stiftung & Co. KG both have stores planned in the Austin area as they seek to ramp up their share of the U.S. market.

Aldi, which announced June 12 plans to invest $3.4 billion to expand to 2,500 stores nationwide over the next five years, is building a store at 1415 FM 685 in Pflugerville. …Read Entire Post