THE AUSTIN READING ROOM
Search Austin real estate advice and local reporting. Keep useful historical context separate from the source checks you need for your next move.
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Development & business · Publication date, newest first · Page 24 of 26
BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA industrial park, has been sold. The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60 trailer parking spaces, and 678 parking s
AUSTIN – Park7 Group is developing a 30-story tower at 2200 San Antonio St. near the University of Texas. The 246,000-sf building will have 216 multifamily units. Rhodes Partners is the design firm. Construction begins in early 2024 and wraps in May 2025. [
AUSTIN – Pearlstone Partners LLC is developing Montage, a 175-condo complex at 2323 S. Lamar St. There will be one- and two-bedroom options ranging from 1,400 to 1,900 sf. Prices range from $499,000 to $999,000. Completion is slated for fourth quarter 2024. [
AUSTIN – LV Collective will start work soon on [80 Rainey](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26708), a 49-story, 550-ft-tall residential tower at 80 Rainey St. The 644-unit project will have studios to three-bedroom floor plans. At least 20 units will be designated as af
CEDAR PARK – TIG Real Estate Services Inc. is developing Scottsdale Crossing Buildings E & F. The two-building, 45,000-sf project will have two riser rooms, eight hollow metal doors, and five storefronts with six glass doors. Cadence McShane is the general contractor. Sudio8 Architects desi
CEDAR PARK – Fruition Developments is developing The Shoppes at Bell Boulevard, a 34,200-sf mixed-use development at 1804 N. Bell Blvd. The $15 million project will have retail, office, and restaurant space. Construction begins in spring 2023 and wraps in 2024.
AUSTIN – Foundation Communities is turning the Townplace Suites at Marriott into an affordable housing community called Balcones Terrace. The $26.5 million project will have 123 efficiency units. Thirty-one will be for those earning at or below 30 percent of the median family income, 31 for those
AUSTIN – New York-based Related Companies is planning a 15-story office tower called One Ladybird Lake. It will be at 208 Barton Springs Rd. on the current site of the Hyatt Regency Austin's parking lot. Construction begins late next year with completion slated for late 2025.
AUSTIN – Industry ATX is developing a townhome project on Keilbar Ln. called Industry Soma. Industry Soma will have three- and four-bedroom options averaging 1,100 sf. The 23 attached townhomes will be reserved for residents making 80 percent or less of the area median income. Mark Odom Studio
BUDA – Alliance Industrial has started construction on a 157,450-sf speculative project called the Corridor Commerce Center. Located on 12 acres along I-35, the building will have 32-ft clear heights, two drive-in doors, and an ESFR sprinkler system. Seeberger Architecture designed the proje
AUSTIN – Gearspace is developing a six-acre project consisting of 68 multi- purpose, individually owned garage condos. The project at 14714 Fitzhugh Rd. will have condos ranging from 1,600 to 3,500 sf. Each unit will include a 14-ft by 14-ft garage door and a mezzanine with 12 ft of clearance
AUSTIN – The Geyser Group is developing a 250-unit apartment complex with 125 affordable-housing units. The project at 2900 Oak Springs Dr. will have studio and one-, and two-bedroom units ranging from 450 to 1,100 sf. Manhard Consulting Ltd. is the civil engineer. Construction begins in first
LOCKHART – West Virginia-based The Ziegenfelder Co. is planning a 42,000-sf frozen treat manufacturing facility. The $30 million project will make over 2.5 million Budget Saver Twin Pops a day and create over 100 jobs. In April, the company purchased the seven-acre site in the 130 Industria
AUSTIN – Lincoln Property Company and Kairoi Residential have broken ground on Waterline, a 74-story high rise at 98 Red River St. At 1,022 ft, the project will be the tallest tower in Texas, beating out Houston's JPMorgan Chase Tower by 20 ft. Waterline will have 352 apartment units, 700,00
GEORGETOWN – Molto Properties has started construction on Blue Springs Business Park, a 604,064-sf industrial park at 610 Blue Springs Blvd. The project will have three buildings ranging from 124,914 to 310,366 sf. Buildings will have 32- to 36-ft clear heights, 180- to 210-ft truck court depths
AUSTIN – Beacon Capital Partners has purchased The Foundry from Tishman Speyer. The two-building, 240,000-sf office complex was 96 percent leased at the time of sale. Cushman & Wakefield represented Tishman Speyer, which purchased the two buildings in [January 2021 ](https://www.recenter.ta
AUSTIN – Generational Commercial Properties and DivcoWest are developing a seven-story office tower at 218 S. Lamar St. Called Zilker Point, the project will have 192,000 sf of office space, 15,000 sf of retail space, and 635 parking spaces. Amenities will include a fitness center, community art
SAN MARCOS – SafeHand Holdings LLC has picked up a 681-acre development site along SH 142 called Turner Crest. The site will house residential and commercial space. Walton Global was the seller. TRE Commercial represented SafeHand.
AUSTIN – Kittle Property Group is developing a 363,000-sf multifamily community near Samsung's new semiconductor factory. The $31.4 million property will have 12 residential buildings, nine garage buildings, and a clubhouse. Construction begins this fall and will be finished in 2025. [![texaslo
ROUND ROCK – IDI Logistics is developing Sunrise Commerce Center, a 465,660-sf industrial project at 2380 Oakmont Rd. Phase one will include three buildings totaling roughly 311,000 sf. Phase two includes two build-to-suit buildings totaling155,000 sf. Construction begins in September 2022. Adol
AUSTIN – Habitat for Humanity has received a $4 million loan from the Austin Community Fund to construct 150 affordable single-family homes. The homes are designated for residents making from 60 percent to 120 percent of the area median income. Donors include St. David’s Foundation, Tito’s Handmade
AUSTIN – Utah-based REIT Extra Storage Space has acquired Woodland Self Storage at 1620 S. I-35. Built in 2019, the 92,288-sf climate-controlled facility has 952 units ranging from 25 to 300 sf. It was 70 percent occupied at the time of sale. JLL brokered the deal. Endeavor Real Estate Group was t