News Detail

Austin News Update February 27th, 2022


February 27, 2022

Developer Trammel Crow has started work on the final phase of Park 183, an industrial complex in southeast Austin.   (See story below.)

Texas Dominates List of 2022’s Hardest-Working Cities

Recon – 2/23/2022

Four Texas cities have landed on WalletHub’s list of the top ten hardest-working cities in the U.S. No. 5 Irving was the highest-ranked city in Texas with Austin at No. 8. The top four cities on the list are Anchorage, AK; Washington D.C.; Virginia Beach, Va.; and San Francisco.


John Deere Opens Technology Hub Near Downtown Austin

ABJ – 2/24/2022

While Austin may not be especially fertile farming terrain, it’s stocked with the type of tech talent Deere & Company wants to attract. With that in mind, the company is opening a 10,000-SF technology office at 1333 S. Congress. The company plans to hire 75 to 100 people in the next year or so.


Final Phase Of Huge Southeast Austin Industrial Park Begins

Austin American Statesman – 2/25/2022

Developer Trammell Crow says it has started work on the last phase of Park 183, an industrial development adjacent to Austin Bergstrom International Airport that will have nearly 1 million square feet of space to the Central Texas market when it opens this year in southeast Austin.

The fourth phase will have two buildings with a combined 308,484 square feet of space, according to Trammell Crow.  Construction on the final phase of the project starts as strong demand for industrial space continues in the Austin metro area, which saw record leasing activity in that real estate sector last year.


Elon Musk’s Boring Company Wants To Build A Warehouse In Bastrop Just Outside Austin

ABJ – 2/25/2022

Representatives from Elon Musk’s The Boring Co. are seeking approval from the Bastrop County Commissioners Court for a new permit to build an 80,000-square-foot warehouse and manufacturing facility at 130 Walker Watson Rd. in Bastrop. Job postings for Central Texas have outlined that the Bastrop site could be used to develop a tunneling technology called “Prufrock.”


La Cima Apartments in San Marcos will total 304 units.

Cybertruck Outfitter To Open R&D Office In Austin

ABJ – 2/25/2022

Stream It, Inc., which makes a high-tech camper topper for the forthcoming Tesla Cybertruck, said it has relocated its R&D facility from Las Vegas to a 6,000-square-foot location off U.S. Highway 183 -— less than 10 miles from Tesla Inc.’s new headquarters. The manufacturing facility expects to add 60 to 100 new hires next year.


Thorofare Capital Provides Acquisition Financing for Austin Office Project

Connect Media – 2/25/2022

Thorofare Capital has provided acquisition financing to Urbana Partners for its purchase, renovation, and lease-up of an office project located at 7501 North Capital of Texas Highway in Austin.  The asset, which was primarily leased to, will potentially be 100% vacant in September of 2022, allowing the sponsor to complete a full capital improvement plan.


Housing Boom Translates To Rapid Growth For Upstart Mortgage Lender

ABJ  – 2/24/2022

Austin-based mortgage company LendFriend Home Loans has experienced meteoric growth over the past three years. The company’s employee count and the value of its loans ballooned, as the pandemic brought an unprecedented flood of housing demand to Central Texas. Executives say they plan to hire up to 20 additional employees in the near future. On March 1, the company plans to move into new office space at 11000 N. MoPac Expy. The 16,200-square-foot space is about four times the size of its previous office.


Summit At Rivery Park Apartment Complex Trades Hands

Recon  – 2/23/2022

Old Three Hundred Capital has acquired Summit at Rivery Park, a 228-unit apartment community at 1400 Rivery Blvd.  Built on 32 acres in 2015, the property has one- to three-bedroom units.  JLL arranged financing through QuadReal Finance Inc. on behalf of the borrower.


Austin Airport Gets New International Route, This Time To Vancouver

Austin American Statesman  – 2/22/2022

As global travel begins to bounce back, Austin has landed another international nonstop flight. Air Canada plans to offer direct service between Austin-Bergstrom International Airport and Vancouver International Airport beginning June 1.


Gabriela’s Owners Expand Their Budding Food Empire To New Texas City

Community Impact  – 2/21/2022

Gabriela’s Group will soon embark on a new market, expanding its small chain of modern Mexican restaurants to Houston.  The Austin-based company’s 9,600-square-foot Houston site will be at 1910 Bagby St. and is slated to open in the spring.


Funding Wrap: Icon Secures Another Huge Funding Haul; Capital Raised For Speech Therapy, Software, Cocktails

ABJ – 2/22/2022

In a little over a week, six companies based in the Austin area reported a combined total of $254.2 million in funding secured.
‣  Startup Icon is back in the headlines with a new $185 million round of funding.
‣ Austin supply chain software startup SourceDay Inc. announced a $31.5M series C venture capital round.
‣ CherryCircle Software Inc., which makes knowledge management software for the pharmaceutical industry, announced a $15 million series A funding round.
Click below to read more.


Builder Announces New Multifamily Development At La Cima

SM Corridor News – 2/23/2022

The development of a garden-style multifamily project in San Marcos in La Cima has recently closed in an equity investment partnership with Trez Capital and Thompason Realty Capital, LLC.

The La Cima project is located in Hays County along the I-35 corridor and is approximately 30 minutes from Austin and San Antonio. Spanning 21 acres, the project will include 304 units with attached and detached garages in two- and three-story buildings. The project is slated for completion in December 2023.


More Than 80 High-Paying Jobs Coming To Round Rock At New Data Center, Corporate Expansion

ABJ  – 2/25/2022

Round Rock officials have approved incentives agreements that will allow one of the city’s largest employers to expand, while also welcoming a large data center project to the city for the second time in the past year.  The projects will result in at least 80 additional jobs and about $200 million in capital investment in Round Rock.

The Round Rock City Council approved a slew of agreements with Fisher-Rousemount Systems Inc., a subsidiary of Emerson Electric Co., that will result in at least $9 million in improvements and “high-paying jobs” at the office of Emerson Automation Solutions.  Round Rock City Council also approved a $1 million agreement with SDC Austin LLC that will bring a two-building, 300,000-square foot operation from Sabey Data Centers to 1300 Louis Henna Blvd.


New Housing Developer Launches With 1,000-Plus Units Already In Pipeline

ABJ  – 2/25/2022Heartwood Real Estate Group Inc., founded by Chris Affinito and Mackenzie McCauley, will develop both single-family and multifamily housing, including townhomes and affordable apartment communities. The company is launching with more than 1,000 units already in its project pipeline.

The developer’s first project is a townhome community in the South Congress Avenue corridor. The neighborhood, called The Reyna, will sit on about an acre-and-a-half of land and include 16 homes. Heartwood is also in the process of developing a 344-unit community in East Austin.


Aquila Commercial Secures 37K-SF Office Lease in Austin

Connect Media  – 2/24/2022

AQUILA Commercial has secured a 37,362-square-foot office lease with The Austin Stone Community Church in Austin at Highland Tech Center.  Highland Tech Center is located at 6505 Airport Blvd. in Austin. The Austin Stone Community Church is a New Testament church with six locations in Austin and will be using this space for their offices.


Zoning Approved For Perfect Game Development In Cedar Park

Community Impact  – 2/24/2022

The future Perfect Game development in Cedar Park is moving ahead with approved zoning for the 110-acre project at the southeast corner of Ronald Reagan Boulevard and the planned New Hope Drive extension.

Cedar Park City Council approved a zoning change request for the project Feb. 24. The new zoning changes over 110 acres from development reserve zoning to planned development zoning with a general business base district.


Largest Texas Cities Trail National Hotel Performance Recovery Timeline

CoStar  – 2/18/2022

National revenue per available room, the primary hotel performance metric, is expected to reach peak levels this year. In Texas, Dallas, Houston and Austin are all forecast to continue to improve in 2022. In Austin, both ADR and demand are expected to reach 2019 levels this year.  San Antonio, on the other hand, outperformed the national average last year and is expected to beat 2019 results by 14% this year.


Williamson County, City Of Georgetown Approve Incentives For Cellink, Gateway35 Project

Community Impact  – 2/22/2022

Both Williamson County and the city of Georgetown approved economic development agreements with CelLink and Titan Gateway35 during their Feb. 22 meetings.

CelLink, an electronics technology company, announced it would build a 294,297-square-foot facility at Titan Gateway35’s master-planned industrial park located near the south intersection of I-35 and SH 130.  The new building, which will be constructed by Titan Gateway35 and leased by CelLink, is excepted to be used for research, development and manufacture of intelligent wiring systems for electric vehicles and battery packs.


Property Owner Wins Debate Over Unwanted Historical Zoning Of Downtown Austin Warehouse

ABJ  – 2/25/2022

A property owner in downtown Austin has sidestepped an unwanted historical zoning designation brought on by the Historic Landmark Commission.

Over the last few months, city leaders have considered whether to preserve a brick warehouse originally built in 1912 at 301 San Jacinto Blvd. Will Houston, whose family has owned the building for nearly a century, has bigger and taller plans for the site, which would require demolition of the existing warehouse. Austin City Council on Feb. 17 discussed the landmark commission’s zoning request but did not take action on the item, which means the request was denied.



  • Fully Approved Development and Site Plan
  • One and Two Story Approved Home Elevations
  • Planned Modern Farmhouse Design With Appealing Amenities – Dog Run, Park & Pavilion, Hike & Bike Trail
  • Final Phase of Clear Fork Meadows
  • 2 Miles to Downtown Lockhart
  • 1 Mile to SH 130
  • 1/2 Mile to Clearfork Elementary and Lockhart Jr. High
  • 25 Minutes from Tesla Giga Factory and Austin Bergstrom International Airport

Click here  for marketing info.

For more details, contact:

Mike Shutt

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