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100-acre mixed-use project launches in Cedar Park

UnderConstruction_CraneAustin-based Riverside Resources has started the first phase of a project in Cedar Park that will have lofts, offices, shops, restaurants and a hotel on 100 ares on Parmer Lane.

The first phase of the campus, called Presidio, will have 74,000 square feet of office space, a 100-room hotel, 320 urban lofts and 21,000 square feet of retail and restaurant space. The initial phase spans 26 acres off the southeast corner of Parmer Lane and Ranch Trails Court. The remaining 74 acres is on the other side of Ranch Trails Court, running north and west along Parmer Lane backing up to Brushy Creek.

The large size of the project means Presidio will be able to accommodate a major office campus with upwards of 500,000 square feet of space, along with additional lofts, retail and restaurant space, said Win Smith with Riverside Resources, one of Austin’s most active developers.

The project is being designed to bring a more urban, walkable mixed-use campus to Parmer Lane and Cedar Park that will include a trail system, local restaurants, a park, and a food trailer court.

Smith said Riverside Resources said the project is an extension of the area’s technology corridor that has continued to grow in the northwest part of the region. The Parmer Lane location is northwest of major technology companies like Apple Inc. and Google.

The first phase office building has been 50 percent pre-leased to American Constructors and will be ready for occupancy in the fall of 2016.

The NRP Group LLC, based in Cleveland, Ohio, will build Cedar Park’s first urban loft concept, featuring 320 units for lease in a four-story complex with Hill Country views. The campus will also include a 100-room hotel.

The office, restaurant/retail, urban lofts, and hotel will all be connected via a pedestrian paseo.

Click to read entire article: 100-acre mixed-use project launches in Cedar Park (Austin American-Statesman, 01-12-16)

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