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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.

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

The 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.

$40 million Southwest Austin project planned

Austin-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.

Two companies select Austin suburb for regional HQs

More 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.

Austin suburb lands new grocery store anchored retail center

More 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 […]

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 […]

REOC Releases 4Q 2016 Industrial Market Report

The Austin industrial market ended 2016 on a strong note with marked improvement in the citywide vacancy rate tightening to 5.2%. The current citywide vacancy rate is down compared to the 6.1% recorded in the third quarter and 6.9% in the previous year.

At the close the fourth quarter only 193,600 square feet of new space […]

As Austin economy cools, fewer apartments in pipeline

Though Austin’s economic growth continues to slow, the foundations of the regional economy remain strong, according to the Federal Reserve Bank of Dallas. But the report also noted a sharp decline in the number of apartment permits issued in 2016 compared to a year earlier.

“Despite the low vacancy, permits for multifamily construction slowed notably in […]

CSW Development Sells Office Property

Linda Scott-MyStatesman.com

CSW Development has completed the disposition of an office property located at 2711 W. Anderson Lane in Austin. Paydar Properties Inc. acquired the two-story, 29,000-square-foot property for an undisclosed price. The buyer plans to redevelop the property into 27 Eleven, a mid-rise multifamily and mixed-use development in the near future.

Click here to read […]

Health care system plans to build Pflugerville's first hospital

Baylor Scott & White Health has submitted a proposal to construct a facility at 2600 E. Pflugerville Parkway on 149 acres next to the Falcon Pointe subdivision, Community Impact reports. Pflugerville City Council rezoned the land, near State Highway 130 toll road and East Pflugerville Parkway, in October.