THE AUSTIN READING ROOM
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SOLD: 2040 Flintshire Dr, New Braunfels, TX 78130 ASKING PRICE $365K Excellent Opportunity in highly desired Park Ridge Estates. This 4 bedroom, 2 bath home has been meticulously cared for by the owner, with brand new hardwood flooring and new appliances. The owner also built a small doorway conn
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
GEORGETOWN – LRIC Properties has sold the Republic Square shopping center at 900-930 N. Austin Ave. to a California-based partnership. The 113,772-sf center is almost 93 percent leased, housing tenants such as Dollar Tree, Harbor Freight, Starbucks, Chipotle, Pizza Hut, and more. Disney Investment G
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.
AUSTIN – Tesla has filed plans with the city to build a 500,000-sf addition to its newly opened Gigafactory at 13101 Tesla Rd. The current facility, which opened in April, spans over four million sf. The expansion will include two new assembly lines.
COLLEGE STATION – Sales of luxury homes – those priced at $1 million or more – have risen significantly from pre-pandemic levels in Texas’ four largest metros, with Austin showing particularly strong momentum. The number of luxury homes sold in Austin in the first five months of 2022 was almost twic
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-ROUND ROCK MSA BEGINS RETURN TO PRE-PANDEMIC HOUSING MARKET ACTIVITY CENTRAL TEXAS HOUSING REPORT AUSTIN, TX — According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory
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 – Houston-based Disrupt Equity has purchased Cascade, a 198-unit multifamily complex at 1221 Algarita Ave. Built in 1971, Cascade has one-, two-, and four-bedroom options ranging from 484 to 1,188 sf. Amenities include multiple pools, recreation centers, onsite laundry facilities, and a fitne
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.
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
NEW BRAUNFELS – An Austin-based investment and management firm has sold 722 multifamily units in New Braunfels and Corpus Christi. The portfolio comprises studio and one- and two-bedroom units across multiple properties. David B. Norton Inc. arranged a $15.5 million preferred equity investment behin
AUSTIN – Tide Equities has purchased Park at Stone Creek from Turner Impact Capital. Built in 1983, the 420-unit multifamily community at 9200 N. Plaza has one- and two-bedroom units averaging 750 sf. Amenities include a community park, business center, sports court, fitness center, picnic areas,
LEANDER – Wood Partners has opened Alta Leander Station, a multifamily complex at 348 Main St. north of Austin. The community offers 276 studio and one- and two-bedroom units. Amenities include a resort-style pool, sundeck, kitchen and grilling areas, pet play area, clubhouse, and fitness center.
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
AUSTIN – Rex LLC is planning a $100 million expansion of Hotel Ella at 1900 Rio Grande St. The expansion will boost the historic hotel from 47 to 213 rooms. A rooftop garden, underground parking, cigar and scotch bar, basement wine bar, and restaurant will also be added.
AUSTIN – Wan Bridge has opened Georgetown Heights, a built-to-rent (BTR) community at 512 Northwood Dr. The community offers three- and four-bedroom duplexes ranging from 1,400 to 2,100 sf. Residents benefit from two-car garages, private yards, smart home packages, and 24-hour maintenance. George
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 – Fairfield University's Marion Peckham Egan School of Nursing and Health Studies will expand to Austin if approved by the New England Commission of Higher Education. JLL secured a ten-year, 23,040-sf lease at 7951 Shoal Creek Blvd. on Fairfield's behalf. This is the Connecticut university's