REOC Austin
 
Commercial Real Estate Since 1975

Moderator

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

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

Downtown novelty: $6M sky bridge to connect hotel, Austin Convention Center

austin-sky-bridge

Rendering of the planned Austin sky bridge.

A 33-foot, $6 million aerial walkway surrounded by foliage will connect the forthcoming Fairmont Austin hotel and the Austin Convention Center as part of a partnership between the hotel and a nature conservancy. Work recently began on the walkway and completion is estimated in May 2017.

The unique sky bridge was designed by New York-based Thomas Phifer and Partners. Along with Thomas Phifer and Partners, Michael Van Valkenburgh & Associates Inc. is also designing Waller Creek Conservancy’s revitalization of the 37-acre urban park. …Read Entire Post

FacebookTwitterGoogle+Share

Austin company to break ground on $200 million data center

data-foundry-2Data 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

Huge project on the horizon south of Austin

Pecan Woods Location MapWalton 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

County sets stage for major E. Austin mixed-use development

wildhorse-ranch

Plans for Wildhorse Ranch mixed use project.

A massive and long-delayed master-planned community east of Austin is showing signs of life. Travis County commissioners on Tuesday approved the boundaries for a public improvement, which would bring residential and commercial development to 1,450 acres near Walter E. Long Metropolitan Park. …Read Entire Post

With Goldman Sachs on board, downtown high-rise set to break ground

austin proper logo

Austin Proper is soon to break ground on former water treatment facility.

The 33-story Austin Proper Hotel & Residences is expected to break ground in the next few weeks after Goldman Sachs & Co. brought its hefty Wall Street weight to the table in support of the project on the site of the former Green Water Treatment Plant.

The Kor Group is close to moving dirt, the Austin American-Statesman reports. The merchant banking division of Goldman Sachs is now a capital partner, according to an Aug. 2 announcement. The Austin Proper Hotel & Residences are planned to rise 32 stories on the site of the former Green Water Treatment Plant. …Read Entire Post

Schwab starting $86 million project in North Austin

schwab logo

Project is set to break ground by the end of the year.

Charles Schwab Corp. is poised to break ground on two buildings totaling roughly $86 million in new construction. Schwab purchased the property in August 2014, including the 187,000-sf Tivoli Building, which it recently spent about $14.5 million renovating. That building now houses between 800 and 900 technology personnel.  …Read Entire Post

Oracle's Southeast Austin campus begins development, site work

Oracle breaks ground on it's enormous project.

Oracle breaks ground on it’s enormous project.

Oracle Corp. has started site work at its new Southeast Austin campus, the next step in a project that will transform a once-neglected section of the city that has experienced rapid gentrification in recent years.

The 25-acre site is near Lakeshore Boulevard and Pleasant Valley Road in the East Riverside Drive corridor. The parcel has been cordoned off by chainlink fencing and green tarps. The Northern California software giant declined to comment on the project. …Read Entire Post

Water park, hotel and conference center slated for Round Rock

Kalahari water park, resort coming to Round Rock.

Kalahari water park, resort coming to Round Rock.

The city of Round Rock announced June 15 it is working with a company to bring a destination hotel, conference center and water park to the city in a move that city leaders are saying could turn Round Rock into a tourist destination.

The Round Rock location will feature up to 1,000 guest rooms, indoor and outdoor water parks, and a convention center. The development will also include additional entertainment, recreation and other mixed uses on 334 acres on Hwy. 79 across from the Dell Diamond and Old Settlers Park, according to city documents. …Read Entire Post

Austin: TxDOT breaking ground on I-35 improvements

New construction breaking ground on I-35.

New construction breaking ground on I-35.

The Texas Department of Transportation is breaking ground on its Mobility35 program to add between $4.3 billion and $4.5 billion worth of improvements to I-35 in Central Texas. TxDOT plans to break ground June 29 on I-35 improvements from Stassney Lane to William Cannon Drive in South Austin.

Mobility35, which TxDOT launched in 2011 in partnership with the city of Austin, the Capital Area Metropolitan Planning Organization, and other local leaders and agencies, are planned for 65 miles on I-35 from SH 130 in Georgetown to Posey Road in San Marcos. …Read Entire Post

Mobility Authority, TxDOT break ground on $743 million 183 South project

183 South Project

183 South Project

Upon completion in 2020, the 183 South project will quadruple the capacity to drivers east of downtown Austin and open access regionally to the Austin-Bergstrom International Airport.

Construction will begin in May on the $743 million project, which will include building three tolled lanes in each direction on US 183 between Hwy. 290 and SH 71 and also include three nontolled lanes in each direction with bike lanes and a shared-use path.

The first phase of the project between Hwy. 290 and Techni Center Drive is anticipated to be finished in 2019 with full completion of the project in 2020.

…Read Entire Post