News Detail

Austin News Update May 29th, 2022


May 29, 2022

Kalterra Capital Partners is developing 263-unit luxury apartment complex along I-35 in Kyle. A handful of restaurant tenants have been secured for retail space near the residences, creating greater mixed-use density in this Hays County city.
(Courtesy Kalterra Capital Partners)


Austin Declared The No. 1 City For Grads To Land Entry-Level Jobs

Austin Culture Map – 5/25/2022

For newly minted college graduates from Texas and beyond, there’s one place that stands out as the best place to land an entry-level job. Austin tops a new list from LinkedIn of year-over-year hiring growth in entry-level positions, up 21% last year. No other Texas city made the top 10, and no other U.S. city broke the 20% mark.


Linde, Global Industrial Gas Company With $30B In Revenue, Considers Central Texas For Project

ABJ – 5/27/2022

Linde, a Fortune Global 500 company that supplies Samsung Electronics Co. Ltd. with industrial gases used in semiconductor production is eyeing an incentivized project in Taylor. While the Taylor school board documents do not reveal the potential location, scope or size of a Linde project, the type of incentives sought by the company signify that a major facility could be in the works.


Luxury Apartments Rising In Kyle With Marquee Restaurants Alongside

ABJ – 5/25/2022

A Dallas-based real estate company is bringing luxury apartments to Kyle, and it’s building several restaurant spaces alongside them, creating more mixed-use density along the I-35 corridor south of Austin.

Kalterra Capital Partners LLC announced May 23 that it will construct a 263-unit complex on 15.5 acres at the southwest corner of I-35 and Kohler’s Crossing. The apartment building will take up about half of the acreage, while roughly eight remaining acres will be divided into five restaurant pads. Groundbreaking took place Feb. 28 and the projected completion date is early October 2023.


Samsung’s Taylor Factory Plan Ranks Among Nation’s Top Economic Development Deals

ABJ  – 5/26/2022

Samsung Electronics Co.’s decision to build a $17 billion semiconductor manufacturing facility in Taylor was ranked as one of last year’s most significant economic development deals in the United States.

The Samsung project north of Austin ranked No. 8 on the list published by Site Selection Magazine. The facility, set to become operational in the second half of 2024, will span more than 6 million square meters and is expected to serve as a key location for Samsung’s global chipmaking capacity. While Samsung already has big plans in Taylor, the South Korea-based tech giant is already considering more expansion, both at  Taylor and at its existing production hub in Northeast Austin.



Construction of Georgetown Logistics Center is expected to be complete in March 2023.

Austin Rides To Top Of New List Of Most Bike-Friendly Cities In The U.S.

Austin Culture Map – 5/24/2022

A new survey on bikeability ranks Austin No. 16 in a list of the top 50 cities in the U.S. Austin’s bikeability score was 54 out of a possible 100, which is actually on track with the national average. And 0.7% of Austin workers commute by bicycle compared to the average city’s 0.5%. The survey also found that Austin has above-average bike-friendly amenities, with a few more bike shops than the average city.


Austin-Bergstrom International Airport Projects Busiest Memorial Day Weekend To Date

ABJ – 5/24/2022

Experiencing an unprecedented increase in travel this year, the Austin-Bergstrom International Airport is projecting this weekend to be the busiest Memorial Day weekend in its history. ABIA officials estimate a record-high 22 million passengers to travel through its airport in 2022. Investing in more airlines, destinations and flights has also allowed for more passengers to travel with ABIA. In May, June and July, 32% more seats will be available than in 2019.


Dallas Experienced The Largest Population Growth In The U.S Over The Last Year. Houston And Austin Also Rank In Top Five

Newsbreak – 5/26/2022

Everything is bigger in Texas and that includes the population booms. Dallas Fort-Worth compiled the largest population growth of any U.S metro area from July 2020 to July 2021, according to the latest estimates from the U.S Census Bureau. Among all U.S metro areas, the DFW had the third-most new residents (54,319) from July 2020 to July 2021. Houston metro area, ranked third with 69,094 additional residents.  Austin metro area, ranked fourth with 53,301 additional residents.


‘Summer Is Looking Good:’ Why Austin Hotels Are Expecting A Travel Rebound

Austin American Statesman – 5/23/2022

Tourists are returning and business travel is inching back. Summer hotel bookings in Austin are on the upswing and newly built Origin Austin, which opens in June, is ready. A new report from Source Strategies on Austin’s hotel performance during the first quarter of the year shows occupancy for hotels in the Austin-Round Rock metro area was 64%, up 21% over the same period in 2021. The average room rate was $161, a 61% increase from 2021 and a 9% increase over 2019.


In His Role As Investor, Matthew McConaughey Backs Austin Startup

Austin Culture Map – 5/25/2022

Matthew McConaughey owns a stake in several businesses, and it turns out one of them is based in Austin. In an email interview with Fast Company magazine, McConaughey revealed he’s an investor in Workrise, an Austin company formerly known as RigUp whose workforce management platform matches skilled workers with employers in the energy industry.


Lee Street Office Now Leasing In Round Rock

Community Impact – 5/25/2022

A ribbon cutting for a new office building bringing 2,646 square feet of Class A office space to 406 N. Lee St., Round Rock, was held April 8. The office building is located at the northeast corner of Round Rock Avenue and I-35. One of the suites in the building is currently occupied by Lott Brothers Construction, while the first floor is still available for lease.


M&A Wrap: Felix Media Grows; Socotra Opens Wallet After Raising $50M

ABJ – 5/24/2022

• Felix Media Solutions Inc., an Austin-based audio-visual company, closed on its purchase of Visual Innovations Company Inc., also based in Austin.
• Socotra Inc., an Austin insurance-technology company, is acquiring Avolanta, a South Carolina-based insurance software startup.
• Cipherloc Corp., an Austin-based encryption company, is buying SideChannel Inc., a cybersecurity company that provides virtual chief information security officer services.


Stonelake Breaks Ground 619,740 SF Spec Industrial Project in Metro Austin

REBusiness – 5/24/2022

Stonelake Capital Partners, a private equity firm with offices located in Texas and Atlanta, has broken ground on Georgetown Logistics Park, a 619,740-sq. ft. speculative industrial project that will be located on the northern outskirts of Austin. The development will consist of three buildings on a 48-acre site that is situated along the IH-35 corridor. The 426,240-sq. ft. cross-dock building will feature 40-foot clear heights and 82 trailer parking stalls. The 123,200-sq. ft. rear -load building will house 36-foot clear heights, and the 70,300 sq. ft. rear-load building will have 32-foot clear heights. Completion is slated for March 2023.


Software Firm Subleases Office Space for New HQ in Downtown Austin, Texas

CoStar – 5/26/2022

The downtown Austin, Texas, market continues to be a destination for new office leases with a publicly traded software company committing to space at 111 Congress Ave.  Austin-based CS Disco Inc. signed a 46,250-square-foot sublease at the high-rise on the corner of Congress Avenue and Cesar Chavez Street in downtown Austin.  The office space, located on the ninth floor, is expected to serve as CS Disco’s new corporate headquarters.



Mixed-Use Development Ronald Reagan Crossing Underway In Leander

Community Impact  – 5/18/2022

Ronald Reagan Crossing—a 100,000-square-foot mixed-use site located at 15101 Ronald Reagan Blvd., Leander—is under construction.  The construction on Ronald Reagan Crossing began in August 2021, and Phase 1’s expected completion date is spring 2023.

Phase 1 of the development consists of 45,000 square feet of retail space; 37,000 square feet of office space; 10,000 square feet for The Learning Experience, which is a day care center; 6,000 square feet of drive-thru restaurant space; and 510 parking spaces.


Samsung Approved To Apply for More Tax Incentives in Central Texas

CoStar  – 5/26/2022

South Korean electronics giant Samsung has been approved to apply for additional incentives from two school boards in Central Texas, opening the door for major expansions of the company’s already large presence and hefty investment plans in the area.

Samsung was approved to apply for 11 Chapter 313 agreements, a statewide program set to expire this year that allows school districts to cap property taxes on major economic development projects. The recent Chapter 313 approvals do not guarantee Samsung additional incentives but expand the size of land eligible for tax breaks.



Headwall Investments’ Portfolio Continues to Grow at Record Pace

PR NewsWire  – 5/17/2022

Headwall Investments, a Texas-based commercial real estate development and investment firm, has acquired The Oak Hill Centre, a 43,000 sq. ft. neighborhood shopping center located in Austin. Headwall launched their first fund 18-months ago and now has deployed 20% of their fund’s planned investment.  Their portfolio is geographically focused on the Austin & San Antonio, TX MSAs.


Dallas Real Estate Investor Enters Hospitality Sector With First Hotel Deal in Austin, Texas

CoStar  – 5/26/2022

Mohr Capital, a Dallas-based real estate investment firm, has begun to shop for its next full-service hotel after buying its first hospitality property as part of its launch of a new investment platform, kicking off what is expected to be a long-term partnership with a seasoned hotel management company.

The privately held real estate investment firm purchased a Hilton-branded hotel in Austin. The six-story, 350-room DoubleTree by Hilton Hotel Austin at 6505 N. Interstate 35 is expected to get $11 million of upgrades.


Nonprofit Foundation Communities To Build 8 Affordable Housing Complexes For Low-Income Austinites

Community Impact – 5/26/2022

Local nonprofit Foundation Communities is asking for the public’s help to raise $30 million to fund its latest effort to build eight affordable housing communities over the next three years for low-income Austinites. The eight communities are located throughout Northwest, Central and Southeast Austin and will provide 1,000 new homes for over 2,000 families and single adults, increasing the amount of people who are able to use the services of Foundation Communities.



After Worst Financial Quarter In Years, Amazon Puts Plans For Large Distribution Center In Round Rock On Hold

ABJ – 5/26/2022

After acknowledging that it has excess capacity in its nationwide distribution and transportation network, Seattle-based e-commerce giant Inc. is at least temporarily abandoning plans for a large warehouse in Round Rock.

Amazon — which earlier this month posted its worst financial quarter in seven years — has put on hold the $250 million project that would have resulted in a large distribution center on a 193-acre piece of Robinson Ranch. It remains unclear what Amazon plans next for the site, which public records indicate it still owns.


Planning & Zoning Approves Preliminary Plan For 318-Acre Development By Rastegar Property In East Kyle

Community Impact – 5/27/2022

The Kyle Planning and Zoning commission approved the preliminary plan for a 318-acre development north of Waterleaf Park at 700 and 800 Bunton Lane by Austin-based Rastegar Property Company.   There will be more than 1,000 single- and multi-family units throughout. About 60 acres of the development will be reserved for open space. Another 12 acres will be reserved for a new elementary school. There will also be some mixed-use space and an amenity center.


1300 E. Anderson Ln., Bldg C, Austin, 78752

• Whole building has been painted
• Completely gutted, new windows, restrooms, common area, storefront lobby
• Great visibility / frontage on Anderson Lane (Research Blvd/183)
• 62,784 SF building built in 1981, renovated 2022
• Ample parking lot will be resurfaced and resealed
• Zoned LI-NP

Click here for the marketing flyer.
For more info, contact:
Randall Beaman
512-461-0851 Mbl
Did You Know?

  • The official birthplace of Memorial Day is Waterloo, NY.
  • The Ironton-Lawrence Memorial Day Parade in Ironton, Ohio, is recognized as the oldest continuously running Memorial Day parade in the nation, beginning back in 1868.
  • The National Moment of Remembrance Act, adopted in December 2000, encourages every citizen to pause each Memorial Day at 3 p.m. local time to remember the brave men and women who died in service to our nation. 
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