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

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95 acres near Austin airport to be transformed into industrial space

park183Trammell Crow Co. and Clarion Partners announced Monday that they will jointly build Park 183 — a nearly 1 million-square-foot industrial park at the southwest corner of U.S. Highway 183 and Burleson Road in Southeast Austin.

Park 183 ultimately will include seven buildings at the southwest corner of U.S. Highway 183 and Burleson Road. Construction will begin on two of the buildings shortly after the Christmas holidays. …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

Medical Facility Development in Metro Austin

bee-cave-medicalHat 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

Central Health seeks Brackenridge redevelopment plan

central-health-austin

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

The Domain’s Final Phase, Northside, Is Almost Here

domainAU

Much anticipation is following as the Domain Northside is nearing completion.

The final phase of the Domain, called Domain Northside, is set to have its grand opening in September – and the project is already close to 80 percent leased.

The final Domain phase will include a boutique hotel, a Nordstrom department store, and several high-end retailers, including a new Restoration Hardware concept and Austin favorites like Eliza Page and Second Bar + Kitchen.

Northside, which spans 43 acres, will also include 563 apartment units and office space. …Read Entire Post

Florida firm buys Austin’s eight-building Riata Corporate Park complex

Riata Corporate Park

Riata Corporate Park

A Florida firm has purchased Riata Corporate Park, 12331 Riata Trace Pkwy, an eight-building office campus in Northwest Austin close to Apple Inc.’s new campus.

Accesso Partners, based in Hallandale Beach, Fla., acquired the 688,432-square-foot complex on 51 acres from Spear Street Capital, based in San Francisco. The purchase price was not disclosed. …Read Entire Post