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

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Diamond Building at Mueller is not your typical commercial space

muelleraustin_planThe first spec office building at Austin’s master-planned, mixed-used Mueller neighborhood, The Diamond Building is in some ways an ode to bohemia with its unconventional zigs and zags. None of the 37,198-square-feet has been pre-leased but that might change overnight — once would-be tenants realize that the views and location are outstanding.

Mueller includes 140 acres of parks and open space that mitigate heat islands created by asphalt and concrete. USGBC has ranked Mueller as gold certified for neighborhood development under a pilot program. It’s one of the largest communities under development in the world to earn the honor and the first in Texas to receive the designation in the Neighborhood Development category.

Click here to read the full article: Diamond Building at Mueller is not your typical commercial space Austin Business Journal 11-28-2016

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Goodnight mixed-use development to add 3,500 homes, retail, parks

goodnightAU_logo

The first 107 of 3,500 homes completed as of June, much more to come in the following years.

Members of the Goodnight family and Benchmark Development have begun constructing the first lots of what will be 3,500 homes in the Goodnight mixed-use development on East Slaughter Lane in the Onion Creek area in May.

Goodnight, formerly known as Goodnight Ranch, is a 700-acre development with homes for sale in various price ranges, 225,600-square-feet of retail and business space and land for a future Austin ISD school. Construction of the development is expected to take 10-15 years.

…Read Entire Post

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Many retailers joining Sky Cinemas in Dripping Springs.

Many retailers joining Sky Cinemas in Dripping Springs.

The creators of Violet Crown Cinema will unveil Sky Cinemas at the 90-acre mixed-use development near U.S. Highway 290 and Nutty Brown Road.

Crescent Communities and Endeavor Real Estate Group, which are jointly building Belterra Village, also announced Monday that Breed & Co., a hardware and homeware store, will open its third Austin area location there. Thus far, about 85,000 square feet of retail has been secured. …Read Entire Post

Austin's rising rents mapped

Austin’s rising rents, like overall housing prices in the region, are not slowing down. Austin was the 20th-most expensive city in the U.S. for renters in April, according to a blog post from real estate website Zumper.com. A map from real estate website Zumper shows the relative median rent in areas of Central Austin

According to the post, one-bedroom units had a median price of $1,150 per month, while two-bedroom units came in at a median price of $1,500. That’s an 11 percent increase over the year-before period for single-bedroom units and a 9 percent increase for two-bedroom units.

It breaks down the median one-bedroom rent in several neighborhoods. The most expensive area is downtown Austin with median rents hovering around $1,900. Lower rents can be found near the University of Texas, where the median rent was $990.

Click here to read the full article: Austin’s rising rents mapped Austin Business Journal (5-24-2016)

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

Lake Travis area alive with activity

lakewaySignWith plans in the works for major projects in Bee Cave, Lakeway, Hudson Bend and Four Points, a wave of new construction along the RR 620 corridor during 2014 points to continues growth for the region in the coming year.

Some of the highlights are listed below but read the entire article for more details.

Lakeway

Oaks at Lakeway (175,000 sf) – Neighborhood Center anchored by H-E-B; to open Oct. 30th

Lakeway Medical Village – Under Construction  …Read Entire Post

New Round Rock HEB expected to open in fall

H-E-B company officials confirmed the coming fall as the anticipated opening date for a new grocery store on University Avenue in Round Rock.  The new 120,000-square-foot location will encompass the second phase of development of the University Commons shopping center, an H-E-B representative recently confirmed. The store will be located on the north side of University Avenue between University Oaks Boulevard and Oakmont Drive. …Read Entire Post

Leander expands with large annexation

City of Leander

The City of Leander recently annexed the largest single piece of land in the city’s history.  The property, known as Crystal Falls West is located near FM 1431 and Nameless Rd. on the city’s southwest edge and spans 1,831 acres (approximately 2.86 square miles).  

Although most of the land is currently undeveloped, the owner, Texas developer Lookout Partners, has plans for future development featuring residential with commercial and multi-family zones along major thoroughfares with some land set aside for future schools, park use and a fire station.

Click to read full article: Leander annexes largest property in city’s history (Community Impact News, 5-3-12)

Crystal Falls was listed among the 50 top-selling U.S. master plans in 2011.  For more information, visit the Crystal Falls website or click to read Grand Plan for Leander (Austin Business Journal)

Details emerge for Lamar Plaza redevelopment

Alamo Drafthouse at Lamar Plaza

A site plan filed at Austin City Hall contains new details about the planned redevelopment of Lamar Plaza, which is home to iconic businesses such as the South Austin Gym, Alamo Drafthouse and The HighBall nightclub.  The shopping center was built in the 1950s and sources said that when it’s redeveloped, Alamo Drafthouse and The Highball will have newer — possibly larger — homes.  …Read Entire Post

Central Health breaks ground on new facility

North Central Health Clinic

Construction is underway on The North Central Health Center – a 50,000-square-foot facility located on seven acres at 1210 W. Braker Lane.  Completion of Central Health‘s new facility is scheduled for the fall of 2011.  …Read Entire Post