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

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Susan Sarandon's proposed downtown Austin ping-pong bar

Spin Austin — a ping pong-themed restaurant and bar with similar locations in other tech-heavy cities around the nation — is bouncing along with plans to occupy two buildings on the southeast corner of Fifth and Lavaca streets.

The remodeling of 209 and 213 W. Fifth Street was registered with the Texas Department of Licensing and Registration by Robert Hersch with Mastodon Ventures Inc., an Austin-based advisory firm focused on the restaurant industry. A request for interior demolition permit is active in the city’s development services department. …Read Entire Post

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Summit at Rivery adds tenants as city acts on retail plan

The Summit at Rivery Park, the 32-acre mixed-use development between Rivery Boulevard and Williams Drive, will see new locations for Orangetheory Fitness and Woops BakeShop open by the fall, according to the companies.

The boutique retail development’s owner expects to add several more tenants before the end of 2017, including a brick-oven pizza restaurant, according to Jeff Novak, managing partner with Novak Brothers, the company behind the retail development. …Read Entire Post

Holt Caterpillar retail center spurs additional development projects

By the end of 2018, the heavy-equipment supplier plans to construct a retail center at least 60,000 square feet in size at 2101 Airport Road, Georgetown, north of the intersection of Lakeway Drive and I-35.

Georgetown officials said the project is still in the planning phase, as is a planned expansion of Airport into a four-lane roadway and a new water line. City officials also said they are seeing increased activity and interest in the area near the future retail center due to its proximity to the airport and I-35, and they see the location as a prime spot for future retail and industrial development. …Read Entire Post

Pharma giant gets state incentives to build IT hub in Austin

merck-coThe New Jersey-based pharmaceutical giant will receive $6 million from the Texas Enterprise Fund, according to a Monday announcement from Gov. Greg Abbott. …Read Entire Post

Stantec to move north for new Austin HQ

Stantec, the international engineering and design company, will occupy most of the new Diamond Building at Mueller. The move to 26,000 square feet at 1905 Aldrich St., expected to be completed by the end of the year, will house the majority of Stantec’s 150 Austin employees and allow for expansion to as many as 200. …Read Entire Post

Work starts on Plaza Saltillo development

Construction began recently on a mixed-use project years in the making that will reshape a slice of East Austin directly across I-35 from the Central Business District. …Read Entire Post

Austin real estate investment firm buys 3M campus

3m-logo3M Co. has agreed to sell its 156-acre Northwest Austin campus and shift operations to a major office park rising on the northeast side of the city.

The new building to be home to 3M will be in the Parmer business park, near Parmer Lane, Howard Lane and Harris Ridge Boulevard. The development, east of I-35 and the Shops at Tech Ridge, is being built by Trammell Crow Co. and Los Angeles-based Karlin Real Estate. …Read Entire Post

HomeAway Building 16-Story Tower in Austin

homeawaylogoHomeAway, a vacation home rental firm, will move its headquarters and 2,000 employees into a new 16-story office tower that will be built in The Domain development in Austin.

The 315,000-SF building is being developed by Dallas-based TIER REIT in partnership with Austin-based Endeavor Real Estate Group. Construction will begin this summer, with completion expected in early 2019. …Read Entire Post

Discount European grocery chain eyes Austin area

Discount German grocery chains Aldi Inc. and Lidl Stiftung & Co. KG both have stores planned in the Austin area as they seek to ramp up their share of the U.S. market.

Aldi, which announced June 12 plans to invest $3.4 billion to expand to 2,500 stores nationwide over the next five years, is building a store at 1415 FM 685 in Pflugerville. …Read Entire Post

Westlake set for new office building

Davenport 360, a 33,911-square-foot Class A office building slated for about a 3.4-acre tract at 6001 Bold Ruler Way, Austin, is on target to open next summer. …Read Entire Post