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AUSTIN-ROUND ROCK HOUSING MARKET SEES MIXED RESULTS FOR JANUARY 2023, WITH EXISTING HOME SALES STRUGGLING AND NEW CONSTRUCTION SURGING CENTRAL TEXAS HOUSING REPORT As we begin the new year, the Austin-Round Rock housing market is showing a continued trend of slowdown in the existing home market whil
Smart Austin Realty Group is pleased to share the news that Stream Realty Partners has begun the Buda Commerce Center, a 986,475-square-foot industrial project in Buda. The development will include five buildings on 70 acres, with buildings featuring 32- to 36-foot clear heights and dock-high loadin
Smart Austin Realty Group is pleased to report that Freehill Development Co. is making progress on an expansive industrial property located at 1310 Westinghouse Rd. in Georgetown, TX. The multi-building project will span 176,546 sq. feet and feature a variety of office, showroom, and warehouse space
Smart Austin Realty Group is pleased to share news that Jackson-Shaw has acquired 67 acres of land at the intersection of SH 130 and Elroy Road. The project will include four buildings with a total size of 602,400 square feet. The largest building will be 207,180 square feet and the smallest 80,365
![New Development Coming to South Congress Avenue in Austin [7900 S. Congress Ave.]](https://res.cloudinary.com/df1fv7hko/image/upload/v1764706772/localteam/localteam/2023_02_Austin-Graham-Developers.jpg)
The LKQ Pick Your Part auto salvage yard at 7900 S. Congress Avenue in Austin, TX will be transformed into a vertical mixed-use development. This new project will include more than 1,200 multifamily units, 210,000 square feet of office space, and a 136,000-square-foot shopping center. Additionally,
Smart Austin Realty Group is pleased to announce the sale of Franklin Park, a 76-unit assisted living and memory care community located at 4155 Teravista Club Dr. in Round Rock. Representing the seller, a partnership between Franklin Park Senior Living and an institutional investor, was Cushman
Buying a home is one of the most significant financial investments you will make in your lifetime. It is a decision that requires careful consideration of all the costs involved, including the monthly mortgage payment. With mortgage rates having increased recently, many potential homebuyers are feel
Elon Musk is venturing into real estate development as he has partnered with Lennar to build a 110-home subdivision on former farmland in Bastrop, Texas. This neighborhood is close to where Musk moved his Boring Company operations and where he is constructing a SpaceX facility. The homes, which may
Construction is underway on a new 85,000-square-foot high school campus in Manor, Texas, part of the larger $174 million academic development initiative by the Manor Independent School District. The new campus is expected to be completed in time for the 2023-24 school year and will be able to accomm
We hope you're all doing well after the recent ice storm that hit Central Texas. With the storm now behind us, it's time to turn our attention to the cleanup effort. As residents of Homes in Austin, Texas work together to clear away the storm debris, we've put together a table that provides disposal
Smart Austin Realty Group is excited to announce that Cambria Hotels has opened the Cambria Hotel Austin Uptown Near the Domain, a five-story, 135-room hotel at 13205 Burnet Rd. The hotel features luxurious amenities including an outdoor pool and sundeck, fitness center, more than 5,500-sf of multif
Central Texas has just suffered from an ice storm that damaged many of our majestic oak trees, and as residents begin to assess the damage, it is crucial to be aware of another threat to trees in the area: oak wilt. This fungal disease can impact entire communities and cause significant harm to the
A 1031 exchange, also known as a "like-kind exchange" or "tax-deferred exchange," is a real estate transaction in which a property owner can defer paying capital gains taxes on the sale of a property by exchanging it for another investment property. The Internal Revenue Service (IRS) allows this typ
Smart Austin Realty Group is pleased to share news that Trez Capital recently sold two apartment communities in Pflugerville to TerraCap Management. The two communities, Dalton and The Beacon, were completed in 2021 and 2022 respectively and offer one-, two-, and three-bedroom units. Residents of bo
The Del Valle Independent School District has purchased 149 acres in Whisper Valley for a total of $25 million. Surveying of the site has already begun and construction of the high school is scheduled to commence later this year. The land will be used for two separate educational institutions – a mi
Smart Austin Realty Group is pleased to share the news that Johnson Development Corp. has begun the final phase of their 530-acre Bryson residential community in Leander. The master-planned development, which will be completed by 2024, currently has 918 homes, and will include an additional 66 three
As a thriving city known for its tech industry, music scene, and outdoor spaces, Austin, Texas, is filled with options for home buyers and renters. Whether you're interested in purchasing a resale property, a brand-new home, or renting an apartment or house, the Austin real estate market has somethi
Smart Austin Realty Group is excited to share the news that Oni Studios, a 30,000-square-foot production and content creation hub, has opened its doors in Cedar Park, TX. The expansive facility cost $10 million to build and boasts an impressive collection of amenities, including a large-set producti
Travis County Commissioners have approved a contract worth $35 million with Mobile Loaves & Fishes, a non-profit organization, for the development of housing for people experiencing homelessness. The Burleson Village complex will feature 640 housing units, which will be divided into two section
The Austin Housing Finance Corporation, The Vecino Group, and Caritas of Austin are collaborating on a $53 million affordable housing project called The Libertad Austin. The project will include 198 units in three four-story buildings located at 900 Gardner Rd. It will feature a variety of different
Smart Austin Realty Group is pleased to report that Prologis Inc. has announced plans to construct a five-building industrial complex on 75 acres of land along Brushy Creek Rd. in Cedar Park, Texas. The two parcels, one of 68 acres and one of seven acres, were sold by National Instruments Corp. Cons
Smart Austin Realty Group is excited to report that EVO Entertainment is constructing a new venue in Townwest Commons! The venue is projected to cost $25 million and will be 53,300 square feet in size. The complex will feature eight theaters, ten bowling lanes, 7,200 square feet of gaming space, a b
The Morgan Group Inc. is set to begin construction on Pearl Burnet MF, a seven-story, 400,543-square-foot multifamily property located at 11901 Burnet Rd. in Austin, Texas. The project is expected to cost around $70 million and will be completed in February 2025. The 345-unit tower will feature a fo
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