2,200-Home Neighborhood Planned For Hays County
ABJ – 2/8/2022
A massive new subdivision is coming to Hays County, from the nation’s largest volume homebuilder. Continental Homes of Texas LP, a subsidiary of Arlington-based D.R. Horton Inc.), is developing about 1,000 acres southeast of Buda’s Sunfield master-planned community in Niederwald. The community will be called Prairie Lakes and ultimately have about 2,200 lots for single-family-homes, as well as apartments and duplexes. Construction of the first phase is scheduled to kick off this month.
Shopping Centers Anchored By Costco, Whole Foods, H-E-B Bought For $189M
ABJ – 2/7/2022
An Illinois-based REIT announced it acquired two Austin-area shopping centers anchored by three major retailers for $189.3 million. The centers changing hands were the 357,000-sq. ft. The Shops at Arbor Trails, anchored by a Costco Wholesale and Whole Foods, and the 168,000-sq. ft. Escarpment Village, where grocer H-E-B is the lead tenant.
American Canning Expands With New Plant And Headquarters In Southeast Austin
Austin American Statesman – 2/7/2022
Austin-based American Canning, a fast-growing craft beverage packaging manufacturer, is expanding with a new plant and a new headquarters. The company said it has signed a long-term lease to occupy an entire 154,786-sq. ft. facility at Trammell Crow Co.’s Park 183 in Southeast Austin. American Canning makes canning supplies for craft brewers through an e-commerce platform.
The company will also move its current headquarters at 8219 Burleson Road to Park 183. American Canning currently employs 75 people and plans to double that within the next year, CEO David Racino said.
1,700-Plus Homes To Spring Up In New Subdivision Called Trinity Ranch
ABJ – 2/10/2022
Two builders — one longtime area player and a newcomer to Central Texas — are partnering on a new massive subdivision just south of the small city of Elgin with the help of a local developer.
Century Communities Inc. out of Colorado and Plano-based Green Brick Partners Inc., which was named the fastest-growing public homebuilder in 2021 by Fortune Magazine, recently bought about 383 acres in the city’s extraterritorial jurisdiction they plan to turn into a community called Trinity Ranch. Work is expected to start on Trinity Ranch during the next month.
Television Shopping Network Starts Design Phase of Future Texas Headquarters
CoStar – 2/4/2022
Television home shopping network Shop LC is beginning the design phase of what it plans to be a “future-forward campus” as it looks to bring C-suite executives, studio hosts and warehouse employees under one roof. The Austin, Texas-based shopping network hired Fuse Architecture Studio to design a LEED Platinum-certified building for its national headquarters on a recently acquired 28-acre tract in Cedar Park, a suburb about 20 miles northwest of downtown Austin.
The cable shopping network could become Cedar Park’s largest employer with Shop LC’s plans to create 1,000 new jobs with an average annual salary of $70,000 as part of its headquarters relocation.
AutoZone to Open 33,000 SF ‘Mega Hub Store’ at Southbridge Plaza in South Austin
REBusiness – 2/9/2022
AutoZone has signed a lease to open a 33,000-square-foot “mega hub store” at Southbridge Plaza in South Austin. The automotive retailer will operate its store, which will feature an expanded selection of parts and accessories, out of a 46,000-square-foot space that formerly housed an H-E-B grocery store. The remaining 13,000 square feet is leased to Hispanic grocer Casa Grande Supermercado.
Shuttered South Austin Hotel Gets New Owner
ABJ – 2/7/2022
A South Austin Wyndham hotel that fell into financial distress during the pandemic and shut down has changed hands. The 210-room Wyndham Garden Austin at 3401 S. I-35 was purchased Jan. 24 by Dreamliner Global Inc., an Arkansas-based firm with operations in Texas and plans to grow in the capital city. It is the company’s first foray into the Austin hospitality market.
Plans For 19 Acres Of Retail, Residential, Hotel Space On Lady Bird Lake Clear Austin Planning Commission
Community Impact – 2/8/2022
A proposal that would bring millions of square feet of residential and commercial space to Austin’s South Central Waterfront moved one step closer to breaking ground Feb. 9 after passing through the Austin Planning Commission. The mixed-use district plan will be reviewed again by city staff and will likely be set to appear before council in the coming months.
Endeavor Real Estate Group’s redevelopment of the Austin American-Statesman property at 305 S. Congress Ave. has been in the works for years. While project plans are not final, the proposal features 1,300-plus apartments or condominiums, a 275-room hotel, and 1.65 million square feet of retail and office space adjacent to public waterfront parkland.