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

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High-rise development destined for another downtown Austin block

The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. …Read Entire Post

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Whole Foods’ new 365 concept set to make Central Texas debut

365_WF_Logo_COLORThe 30,000-square-foot store – the first 365 location in Texas and the first 365 store anywhere to be built from the ground up – is set to open its doors at 9 a.m. Wednesday. It’s in The Parke, a new shopping center at 5001 183A toll road. …Read Entire Post

Developers Break Ground on 231,030 SF Flex Campus

Developers IGX Brushy Creek LLC and American National Insurance Co. Eagle LLC have broken ground on Brushy Creek Corporate Center, a two-building, 231,030-square-foot flex/industrial campus in the northern Austin suburb of Cedar Park. …Read Entire Post

Pollo Tropical closes 30 more stores

pollo tropicalThe parent company of the Pollo Tropical restaurant chain, Fiesta Restaurant Group, is shuttering 30 locations, including two in the Austin area, as it prepares to relaunch the brand.

Fiesta also owns the Taco Cabana chain of Tex-Mex fast-food restaurants. Five of the Pollo Tropical locations in Texas could be rebranded as Taco Cabana units. …Read Entire Post

$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. …Read Entire Post

Two companies select Austin suburb for regional HQs

pflugervilleMore than 100 jobs and $8.8 million in capital investment are headed to Pflugerville after officials approved incentive agreements to lure two regional headquarters to the suburban city just north of Austin. …Read Entire Post

Austin suburb lands new grocery store anchored retail center

oak meadows_georgetownMore retail development is headed to Georgetown, Cypress Equities of Dallas started construction Thursday of the 77,050-square-foot Oak Meadows Marketplace, a shopping center on 11.2 acres at the southwest corner of Williams Drive and Jim Hogg Road that will be anchored by a Randalls. The stores are expected to open in December 2017.

Two additional tenants have been secured for Oak Meadows: Organic Nails & Spa has signed for 2,097 square feet and Natural Pawz, a pet supply and grooming business, has signed for 1,700 square feet. That leaves about 16,000 square feet of retail space up for grabs. …Read Entire Post

Bebe plans to shutter stores, including in Austin area

bebe_logoBebe Stores Inc. is planning to shutter its locations and become an online-centric retailer, according to Bloomberg.

Citing unnamed sources, the report says the Brisbane, California-based women’s retailer is trying to close the stores without filing for bankruptcy. Bloomberg’s sources say, however, that a Chapter 11 filing will be necessary if landlords aren’t willing to negotiate. …Read Entire Post

St. David's selects general contractor for $58M hospital expansion

St. David’s HealthCare has upped the price tag for the expansion of its South Austin hospital and selected a general contractor for the job.

It now expects the major renovations at St. David’s South Austin Medical Center to cost $58 million, the Austin American-Statesman reports. DPR Construction Inc. will oversee the project, with work expected to start in mid-2017 and finish in early 2019. …Read Entire Post

Austin Oaks in limbo as it awaits zoning approval

Austin City Council has postponed consideration of a planned unit development rezoning that would transform a Northwest Austin office park into a mixed-use center with offices, stores and apartments.

City Council was slated to vote a second time on the Austin Oaks rezoning at its March 2 meeting. But a long debate on the planned Plaza Saltillo redevelopment meant that Council did not get to Austin Oaks until after midnight. …Read Entire Post