REOC Austin
Commercial Real Estate Since 1975


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

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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


Goodnight mixed-use development to add 3,500 homes, retail, parks


The first 107 of 3,500 homes completed as of June, much more to come in the following years.

Members of the Goodnight family and Benchmark Development have begun constructing the first lots of what will be 3,500 homes in the Goodnight mixed-use development on East Slaughter Lane in the Onion Creek area in May.

Goodnight, formerly known as Goodnight Ranch, is a 700-acre development with homes for sale in various price ranges, 225,600-square-feet of retail and business space and land for a future Austin ISD school. Construction of the development is expected to take 10-15 years.

…Read Entire Post

Goodnight Ranch's new dawn: housing, mixed-use project to South Austin

Goodnight Ranch development plans

Goodnight Ranch development plans

Some 3,500 homes are poised to be built during the next decade or two on the former dairy farm near East Slaughter Ln. and Old Lockhart Rd, across I-35 from Southpark Meadows, the largest shopping complex in the region.

Retail and commercial office development are part of Goodnight Ranch’s mix—at least 226,000 sf. Apartments and condos will be added. One elementary school is already built to serve the community and another school site has been set aside. …Read Entire Post

Thirsty Planet Brewing Co. buys South Congress property

thirsty-planetSouthwest Austin-based Thirsty Planet Brewing Co. has purchased property on South Congress Avenue for a tasting room and brewery.

The new, 60,000 square-foot location is capable of producing 30,000 barrels of beer per year, triple the amount it makes at its 11600 Circle Drive location, the company said in a March 28 news release. The company has not specified the exact location of the new brewery.  …Read Entire Post

Greystar developing 1 MSF mixed-use community

Greystar Real Estate Partners is developing Lamar Union, a 1-million-square-foot mixed-use community located south of downtown Austin, Texas.

Situated on nine acres at 1100 South Lamar Boulevard and Treadwell Street, the three multi-story buildings feature seven restaurants, 442 apartment units and more than 86,000 square feet of retail space. The space was once the home of retail center Lamar Plaza, and its original tenant, Alamo Drafthouse Cinema, remains at Lamar Union.

The three new multi-story residential buildings will include an addition 47,078 …Read Entire Post

Developer completes Lamar Plaza purchase

Lamar Plaza

Greystar recently completed its purchase of Lamar Plaza at 1201 S. Lamar and has plans to redevelop the aging South Austin strip mall into a mixed-use project.  Development plans include more than 400 apartments, 85,000 sf of retail space, restaurants and an expanded Alamo Drafthouse movie theater.  The project is schedule to be complete by the end of 2014.

Click to read entire article: Developer completes Lamar Plaza purchase (Austin American-Statesman, 9-18-12); for more information, read Lamar Plaza is Dead.  Long live Lamar Plaza! (Austin Post, 9-19-12)

Austin Outdoor Studio to fill 4310 Willow Springs Road

Austin Outdoor Studio, a welding and fabrication shop, leased 15,300 square feet to fill the concrete building located at 4310 Willow Springs Road.  Perry Horton of REOC Austin represented the landlord and Chris Horne with Stratford Property Group represented the tenant.

South Lamar shopping center gets remodeled

2300 S Lamar

2300 South Lamar, a shopping center south of Oltorf Street in South Austin, has received a facelift.  The remodeling is part of an effort to reposition the shopping center as a more trendy specialty shop destination.  Symcox Development was in charge of renovating the full exterior of the 14,570 square foot building.

Click to read the entire article: South Lamar shopping center gets remodeled (Austin Business Journal, 9-21-11)

Details emerge for Lamar Plaza redevelopment

Alamo Drafthouse at Lamar Plaza

A site plan filed at Austin City Hall contains new details about the planned redevelopment of Lamar Plaza, which is home to iconic businesses such as the South Austin Gym, Alamo Drafthouse and The HighBall nightclub.  The shopping center was built in the 1950s and sources said that when it’s redeveloped, Alamo Drafthouse and The Highball will have newer — possibly larger — homes.  …Read Entire Post

S. Austin Alamo Drafthouse to open early 2012

Parkside Village

Alamo Drafthouse Cinema LLC’s newest theater — at Parkside Village near the corner of Slaughter Lane and Mopac Expressway in South Austin — is set to open in early 2012.

Parkside Village is being developed by Stratus Properties Inc.  Alamo Slaughter Lane will include an eight-screen theater with seating for more than 800.

Click to read entire article ~ S. Austin Alamo Drafthouse to open early 2012 (Austin Business Journal Austin Blogs, 9-1-11).