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

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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

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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

Industrial Space on the way at Southpark Commerce Center

Southeast Austin’s Southpark Commerce Center is set to receive more than 350,000 sf of speculative space from Ridge, Transwestern’s industrial development arm.

The project, recently started on a 24.17-acre site near I-35 and SH 71, will be composed of three Class A buildings—a service center and two warehouses—intended for use by multiple tenants.  …Read Entire Post

$20M Facility Coming to Pflugerville

Flooring Services Southwest is relocating its Central Texas headquarters from Austin after closing on a 30-acre tract in the southern portion of the Commerce Center. The company bought the property from the Pflugerville Community Development Corporation, an economic arm of the city that receives funding through a portion of city sales tax revenue. …Read Entire Post

Retail Parke hits rental market

TheParkeFor people who never venture up to Cedar Park about 30 minutes north of Austin, they might be surprised to learn that one of the largest retail developments in the area recently opened.

The Parke has added 400,000 sf of shops and restaurants to one of the area’s fastest-growing suburbs. The property is located on a 42-acre parcel on the west side of the US 183A toll Rd. just south of the HEB Center at Cedar Park arena. …Read Entire Post

New office building in Round Rock will double available Class A office space

With the ground breaking of Mesa Creek, a new 60,000-square-foot Class A office building to be completed by April or May of 2018, Round Rock will double its available Class A office space. …Read Entire Post

New supermarket in store for downtown Austin

A mixed-use project planned for Seventh and Trinity streets has carved out 27,109 square feet for a grocery store. That would make it the largest grocery store on the east side of downtown Austin.

Although specifics are sparse, we can speculate about what type of grocery store might occupy the space. One possibility is a 365 store, the new low-price format from Whole Foods Market. The fourth 365 store, which opened in late April in Cedar Park, encompasses 30,000 square feet. …Read Entire Post

With Golfsmith’s demise, Golf Galaxy steps into void

golfsmith_logoAustin-based retailer Golfsmith is history, the victim of bankruptcy, but a number of its former stores have been scooped up by a competitor, Golf Galaxy.

That includes one of Golfsmith’s two Austin locations, at 10001 Research Blvd. in the Arboretum area. Following a remodel and sign swap-outs, it debuted this month, becoming the first Golf Galaxy store in Central Texas.

The other Austin Golfsmith store, at 11000 N. Interstate 35 in North Austin, wasn’t one of the stores acquired by Golf Galaxy. …Read Entire Post

$105M entertainment district headed to Hutto

Hutto City Council unanimously voted Thursday night to start negotiations with MA Partners to lead the redevelopment of the Co-Op District, near the intersection of Short Street and Highway 79. The district is centered around a repurposed former cotton gin that operated in the Williamson County town from 1938 to 2001. …Read Entire Post