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enior Vice President & Director of Research at REOC Austin

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

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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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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

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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

Developer aims to offer hip, urban experience at mixed-use complex

New mixed-use construction coming in July

New mixed-use construction coming in July

A developer behind several area mixed-use projects is planning a residential and retail development off Burnet Road that he says will provide a chic, urban experience in a more walkable and affordable environment than downtown Austin.

The project, which will be known as Sixty Five, is slated to break ground July 1 at 6500 Burnet Rd. and will include 52 residential units and 4,000 square feet of ground-floor retail, said developer Amir Kalantari of The Kalantari Group. …Read Entire Post

H-E-B planning larger Marble Falls store

Larger HEB planned for Marble Falls.

Larger HEB planned for Marble Falls.

A bigger, better H-E-B store is on its way to Marble Falls. The San Antonio-based grocery chain said Wednesday that it will build a new, larger store adjacent to its existing one at 1503 W. FM 1431.

Once the new store opens, the current one, which spans 82,104 square feet, will close and be torn down. H-E-B has increased its land lease to 11.74 acres – up from 5.35 acres – to make the construction project possible.

The exact square footage of the new store, a list of additional features and a projected opening date won’t be available for about a year, H-E-B said, while the grocer studies its options. …Read Entire Post

UPS to build new package distribution facility in Round Rock

UPS distribution facility to begin construction in Round Rock.

UPS distribution facility to begin construction in Round Rock.

UPS will build a new package distribution and warehouse facility in Round Rock following an economic development deal approved by City Council May 12.

The council approved an economic development agreement with United Parcel Service Inc., otherwise known as UPS, to open a warehouse and distribution facility as well as hire at least 314 full-time equivalent employees.

The agreement states UPS will purchase approximately 50 acres of land and invest at least $70 million in facility improvements and personal property. According to a release from UPS, the package processing facility will include automated sorting systems and will house approximately 300 UPS delivery vehicles. The Round Rock building is expected to open at the end of 2018. …Read Entire Post

370,000-sf Parke retail center breaks ground

Endeavor has broken ground on The Parke, a retail center sitting on 42 acres near the southwest corner of Toll Road 183A and New Hope Rd. The Parke will encompass more than 370,000 sf, 270,000 of which is already leased.

Tenants include 365 by Whole Foods, Nordstrom Rack, ULTA, Old Navy, DSW, Michael’s, Marshall’s, Dick’s Sporting Goods, Field and Stream, Red Robin, Starbuck’s, Petco, and Tuesday Morning.

Endeavor is negotiating leases with Amplify Credit Union, Chuy’s restaurant, Freebirds, Massage Heights, Mattress Firm, Orangetheory Fitness, Palm Beach Tan, and Twin Liquors. The Parke’s grand opening is slated for second quarter 2017.

Click here to read the full article: Tech Is Not The Only Game In Town (GlobeSt.com, 4-28-2016)

405 Colorado! Austin's next office tower?

austin_405 ColoradoBrandywine Realty Trust has revealed the distinctive design it has chosen for an office tower it plans to build in downtown
Austin.

The building will be 25 stories tall and have about 210,000 sf of space. The design will feature glass-enclosed office levels atop 12 stories of structured parking wrapped with terra-cotta tiling.

…Read Entire Post

Prelim plans unveiled for Plaza Saltillo in East Austin

PlazaSaltilloPreliminary plans have been unveiled for the Plaza Saltillo – a mixed-use project on a ten-acre site that runs six blocks east of I-35 between East Fourth and Fifth Streets in East Austin.

The land is owned by Capital Metropolitan Transportation Authority, which operates the Capital Metro Red Line—the commuter rail that runs from Leander to Downtown Austin.

The mixed-use project is expected to include residential, office, retail and open space. No public parking is planned.

Construction will start in 2017, and the project likely will take six to seven years to be completed.  …Read Entire Post