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

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Pollo Tropical closes 30 more stores

The 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.

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$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.

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 […]

Bebe plans to shutter stores, including in Austin area

Bebe 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.

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 […]

Plaza Saltillo won final zoning approval from city council

The deal sets a building height limit of 70 feet for the entire project, which sits on about 10 acres along Capital Metro train tracks, but Endeavor could exercise the option to build a 125-foot office building.

Ten acres around the Plaza Saltillo train stop will soon go vertical after a mixed-use project won final zoning […]

500,000-sf HQ, distribution center delivers

Capitol Wright Distributing’s new 500,000-square-foot headquarters and distribution hub has delivered at 10095 U.S. Hwy. 290 East in Manor, TX.

Capitol Wright formed in 2015 following the merger between major Austin-area beer distributors Capital Beverage Co. and Wright Distributing Co. The recently launched outfit’s $39 million facility broke ground in early 2016 and will serve to […]

GSAM Private Real Estate Acquires Two-Building Office Complex

Goldman Sachs Asset Management (GSAM) Private Real Estate has purchased Quarry Oaks I and II, a two-building office complex located at 10900 Stonelake Blvd. in Austin. Principal Real Estate Investors sold the 292,421-square-foot complex for an undisclosed price. At the time of sale, the property was 100 percent leased to tenants including Forepoint, Microsoft Corp. […]

Yeti Coolers unveils first store

Yeti Coolers LLC is ready to pull the veil off its first retail store at 220 S. Congress Ave. — a major step for the company to directly reach consumers, and a promising development for a long-vacant property at the gateway between downtown and trendy shopping to the south.

Travis County negotiates with developers

County commissioners unanimously voted Tuesday for staff to begin negotiating with one of five unidentified real estate development firms to sell the 300 block of Guadalupe Street just south of Republic Square Park in the heart of downtown Austin.

The property is currently home to a parking lot and, occasionally, a food trailer. But it was […]