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Smart Austin Realty Group is pleased to announce that Ultra Hospitality LLC is developing two hotels on 6.1 acres in Manor. The first, a four-story Hampton Inn & Suites, will cost approximately $11.5 million and feature 100 rooms. Construction is scheduled to begin in June and be finished in Ju
EastGroup Properties will soon begin construction on a new development project in Round Rock, TX. 350 Texas Industrial, a 128,716-square-foot industrial building, will consist of two warehouses on nine acres of land located at 350 Texas Ave. Both warehouses will have 28-foot clear heights. Pross Des
CENTRAL TEXAS HOUSING MARKET SET PRICE RECORDS, SHIFTED TOWARDS BUYERS IN 2022 CENTRAL TEXAS HOUSING REPORT EXECUTIVE SUMMARY: • In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Ma
The Texas Real Estate Research Center's (TRERC) research team has attempted to make predictions for the 2023 economy by utilizing their collective understanding of current economic and market conditions and analyzing past market trends. However, it is essential to note that making economic forecasts
Smart Austin Realty Group is excited to share that Apple will begin the second phase of construction on their Parmer Lane campus next month. The new building, called Capstone Phase Two AC09, will feature four stories and span 203,941 square feet, with an estimated cost of $120 million. It is schedul
Smart Austin Realty Group is pleased to share that construction is set to begin on Paseo, a 48-story, 557-unit multifamily tower in the Rainey Street District in Austin. The project, scheduled to begin in the first quarter of 2023, will offer one-, two-, and three-bedroom floor plans, with approxima
Tesla is making a major expansion to its Austin Gigafactory located at 1 Tesla Rd. The $717 million investment consists of four separate buildings. The largest of these is Cell 1, a 693,093-sf facility. The other buildings are a 423,032-sf Drive Unit, a 321,186-sf Cathode, and a 2,560-sf Cell Test L
Smart Austin Realty Group is excited to announce that IDI Logistics is developing the Sunrise Commerce Center, a 465,660-square-foot industrial project located at 2380 Oakmont Rd in Round Rock. The project will consist of two phases: phase one will include three buildings totaling 311,000 square fee
Thinking about investing in residential real estate? You're not alone. For many people, real estate is a reliable and lucrative investment option that offers the potential for long-term growth and a steady stream of passive income. But with so many different investment strategies, it can be tough to
GEORGETOWN – Bridge Logistics Properties has purchased 92.5 acres at 5501 S. I-35 for the development of a seven-building industrial property. Bridge Business Park will include at least one million sf of industrial space and 30,000 sf of office space. The two largest buildings will be 298,08
AUSTIN – Apple has filed plans for another project within its three million-sf Parmer Lane campus. The project, called Capstone Phase 2 AC12, will be a 33,000-sf multi-story building. It will cost around $22 million. Construction begins Oct. 1, 2024, and will wrap up in August 2025.
ROUND ROCK – CP Capital and ZOM Living are developing Azola Avery Centre, a 359-unit garden-style apartment complex within the Avery Centre master-planned community. It will have studios and one- and two-bedroom floor plans. Amenities will include a clubhouse, game room, fitness center, pet spa,
BUDA – CLD Realty is developing Corner on Main, a 48,000-sf retail center on 5.7 acres at 2260 Main St. The $8 million project will have seven one-story buildings. It was designed by Runa Workshop. Construction begins in March 2023 and will last a year.
AUSTIN – Inspire Development Real Estate LLC has broken ground on The Eden, a 306-unit multifamily complex. It will have one-, two-, and three-bedroom apartments ranging from 678 to 1,511 sf. Amenities will include a fitness center, rooftop lounge deck, golf simulator room, dog spa, coworking lo
AUSTIN – Trammell Crow Company is developing a 20-story apartment tower in The Domain. The $145 million project will span 700,000 sf across 416 units. Amenities will include a fitness center, amenity deck, and clubroom. ESG designed the building. Construction begins in April 2023 and will tak
AUSTIN – Blakefield is developing Thomas Ranch, a 2,200-acre master-planned community near Lake Travis. The multi-phase project will have thousands of homes, apartments, a resort hotel, and 250,000 sf of retail, dining, and office services. Construction begins in 2023.
AUSTIN – Sixth and Chicon, a 34,264-sf micro-housing development at 1812 E. Sixth St., has topped out. The six-story development will have 60 apartments ranging from 252 to 465 sf. Watershed Development Group, Mark Odom Studio, Cadence McShane Construction, Civilitude, Leap Structures, and Nic
PFLUGERVILLE – Wilson Capital is developing The Bowerly, a 294-unit multifamily complex at 100 Dessau Rd. The three-building project will have one-, two-, and three-bedroom floor plans ranging from 650 to 1,400 sf. Clark Wilson Builder is the general contractor. Construction begins in Febr
GEORGETOWN – The Georgetown Planning and Zoning Commission approved plans for a Costco Wholesale store and warehouse at 2201 N. I-35. Construction on the 160,437-sf project will begin by the end of the year.
GEORGETOWN – The W.D. Kelley Foundation is developing Bridge Business Park, a 1.1 million-sf development at 5501 S. I-35. The 92.2-acre campus will have office and flex space across seven buildings. There will also be an outdoor amenity space and 1,500 parking spaces. Construction begins next y
LOCKHART – Titan Development Ltd. is developing Lockhart Industrial Park 130, a 170,000-sf industrial project. The four-building speculative development will be on roughly 57 acres near SH 130. Construction begins in the next few weeks.
AUSTIN – McWhinney is nearing completion on the Hyatt Centric Congress Avenue Austin, a 31-story hotel at 721 Congress Ave. The hotel will have 246 rooms, five suites, and 2,560 sf of meeting and event space. Nelsen Partners designed the project, which will open in February 2023.
SAN MARCOS – Long View Equity is developing Wonder World Apartments, a 313-unit multifamily and retail complex at 1250 Wonder World Dr. The complex will have one-, two-, and three-bedroom units. Amenities will include a pool, cabana, and dog park. Construction begins in early 2023 and will wrap in
ROUND ROCK – The St. David's Round Rock Medical Center at 2400 Round Rock Ave. is receiving a $53.1 million expansion that will add two floors to the hospital. Additions will include a 34-bed patient care unit, four operating rooms, and support spaces. Once complete, the hospital will have five