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

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$40 million Southwest Austin project planned

M&EAustin-based Stratus Properties Inc. said Wednesday that it has secured financing for the first phase of Lantana Place, a mixed-use project in Southwest Austin that will include a 10-screen dine-in movie theater.

The 38,000-square-foot theater, part of the growing Moviehouse and Eatery chain, is expected to open in the second quarter of 2018.

The first phase of Lantana Place will also include a hotel, as well as 99,663 square feet of retail space. Targeted tenants, according to Stratus, will include restaurants, boutiques, spas, fitness facilities and medical offices.

At Southwest Parkway and West William Cannon Drive, Lantana Place is near several new residential and office developments, including some Stratus has built.

The second phase of Lantana Place will feature a pair of office buildings with a combined 140,000 square feet of space. A construction timeline has not yet been revealed.

Click here to read the original article:  $40 million Southwest Austin project planned Austin American Statesman 5-3-2017


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