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.