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Development & business · Publication date, newest first · Page 25 of 26
DRIPPING SPRINGS – Long View Equity and Endeavor Real Estate Group have purchased 5.6 acres for Sawyer Ranch, a 27,000-sf commercial project. The property will have 13,000 sf of office space and 14,000 sf of retail space. Sawyer Ranch is currently 55 percent preleased. Construction starts in firs
AUSTIN – Global Student Accommodation has purchased Waterloo Tower, a 796-bed student housing community at 2400 Seton Ave. Built in 2020, the 30-story tower has one- to six-bedroom floor plans ranging from 286 to 1,695 sf. It will be renamed Yugo Austin Waterloo. Amenities include a coffee sho
AUSTIN – Stratus Properties is developing The Saint George, a 316-unit multifamily community near the University of Texas. Plans call for a pool, fitness center, rooftop deck, and communal workspaces. About 10 percent of units will be allocated as affordable housing. Comerica Bank provided a fou
BEE CAVE – The city council has approved the rezoning of 22 acres for the construction of a 340-unit multifamily complex in this city west of Austin. Developer The Morgan Group plans for the community to span ten buildings with 340 apartment units and 59 attached townhomes. Three-and-a-half acres w
MANOR – The city council has unanimously voted to rezone 63 acres south of US 290 for a 335-townhome project. The community will have mostly three- and four-bedroom townhomes ranging from 1,100 to 1,700 sf. All homes will have a backyard and garage. Amenities include a clubhouse, gym, pool, and
GEORGETOWN – The city council has approved construction of two self-storage facilities spanning a combined 250,000 sf. The properties will be at 1301 NE Loop and 2701 E. University. Plans for both sites call for three-story buildings and over 120,000 sf. The University site will have an additional
AUSTIN – Pearlstone Partners is planning a 48-story residential tower on two vacant tracts at 62 and 64 East Ave. The development will have 245 condominiums. Construction begins in 2023 and will wrap up in 2026.
SAN ANTONIO – The city has begun construction on The Link, a public pathway connecting the San Antonio Riverwalk and the San Pedro Creek Culture Park. Universal Services Group's $400 million project will include green spaces, water features, and public art. A Dream Hotel will anchor one end of the p
GEORGETOWN – California-based solar roofing company GAF Energy LLC is developing a 450,000-sf manufacturing, research, and office facility at the corner of I-35 and SE Inner Loop. The city council unanimously approved the $100 million project July 12. The facility could create at least 265 jobs over
AUSTIN – Cadence McShane is bringing a 378-unit multifamily housing and retail development to 13621 Lyndhurst St. The development comprises two four-story buildings. The first will have 165 units and 2,000 sf of retail space, the second will have 213 units and 5,000 sf of retail space. Amenities in
AUSTIN – PayPal has leased 60,000 sf of office space in the top two floors of Domain Tower 2 at 1025 Alterra Pkwy. PayPal now represents 20 percent of the building's occupancy. The 330,000-sf tower is the fifth in developer Stonelake Capital Partners' plan for the south side of The Domain.
AUSTIN – H-E-B LP is adding 27,000 sf to its store at 500 Canyon Ridge Dr. The $18 million expansion includes a new front façade, curbside pickup station, and in-store True Texas BBQ. Construction begins in April of next year and will wrap in June 2024.
NEW BRAUNFELS – Continental Automotive Systems is nearing completion on a 215,000-sf manufacturing facility. The $110 million facility, which will be used to make advanced driver assistance systems, will create 130 jobs when operations begin in September.
AUSTIN – Austin Habitat for Humanity has broken ground on its second affordable housing project in Travis County at 6301 Círculo De Amistad. The .69-acre townhome project will consist of six buildings and 12 units. Construction on the first three buildings begins in 2023. Homes from the organizatio
AUSTIN – Geyser Group is partnering with Sabot Development and Cadence McShane Construction on The Goodwin, a 363-unit multifamily project with 2,400 sf of retail space. Thirty-seven of the units will be affordable housing units. Amenities will include a dog park, multiple entertainment spaces, an
AUSTIN – New York-based Galesi Realty Group LLC has broken ground on Hillside on Partner Ln., a Class A, 300-unit complex in northeast Austin. The community will have one-, two-, and three-bedroom units ranging from 784 to 1,491 sf. Construction finishes in March 2024.
AUSTIN – Development 2000 Inc. has broken ground on phase one of Omni Business Park, a 26-acre speculative project near Austin-Bergstrom International Airport. The project represents a $30 million investment and will be built in three phases. The finished site will have 13 warehouses ranging from
KYLE – California-based Outer Aisle Gourmet LLC has leased a 117,000-sf manufacturing facility in the works at 19200 Marketplace Ave. Construction begins in January 2023 and will take 9-12 months. The facility will create 150 jobs. Buildout will cost under $25 million.
AUSTIN – Artificial intelligence solution developer DISCO has opened a 46,000-sf headquarters within the One Eleven Congress building downtown. Forty percent of the company's 600 employees will occupy the space at 1 Congress Ave. Atlanta-based Cousins Properties owns the building.
AUSTIN – The Geyser Group and The Sephira Group have broken ground on The Johnny, a multifamily complex at 613 W. St. John's Ave. The property comprises 76 studio and one- and two-bedroom units. Sixteen are allocated for residents making less than 60 percent of the median area income. Amenities in
AUSTIN – AEW Capital Management LP has purchased the 164,976-sf Class-A office building at 1412 E. 5th St. The building, Centro South, was 96 percent leased at the time of sale. PGIM Real Estate provided the $77 million acquisition loan. The developer, Riverside Resources, will continue to manag
AUSTIN –1 Hotels announced plans to open a luxury hotel within a 74-story tower being constructed at 98 Red River St. The hotel will consist of 251 rooms. The mixed-use tower will also house 352 apartments and 686,000 sf of office space. Dallas-based Lincoln Property Company and San Antonio-based Ka
BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement. Innovative Industrial Properties Inc. acquired the property for $12 million. The 85,0000-sf industrial and hybrid greenhouse facility is currently under construct
MANOR – Developer Butler Family Partnership Ltd. has begun securing approvals for Manor Crossing, which would bring 95 acres of living and shopping space to the city. Located at the corner of US 290 and FM 973, the development will have 600 multifamily units and 425,000 sf of commercial space. The p