$267 Million Film, TV Studio Proposed For Austin Metro Area
Austin American Statesman – 6/10/2022
A $267 million studio for film and television production could be coming to San Marcos, and the city and Hays County officials have agreed to provide millions in tax breaks to help make it happen.
Hill Country Studios, a subsidiary of Hill Country Group LLC, has proposed a state-of-the-art production, television, film and streaming studio that the company said would be the largest of its kind in Texas. The plans call for 820,000 sq. ft. of production offices, commercial space, four workshops, back lots and 12 sound stages. The studio would be built in the existing La Cima development, on 75 acres near West Centerpoint Road, West Wonder World Drive and RM 12. the project would be built in three stages starting in April 2023, with a goal of being completed by 2025.
Real Estate Firm Acquires Land To Develop Industrial Hub Near Austin, Texas
CoStar – 6/16/2022
A 188-acre site near Samsung’s planned $17 billion semiconductor plant outside of Austin, Texas, will be transformed into an industrial hub.
Titan Development Ltd. acquired the land in late May from the city of Hutto, an Austin suburb that neighbors Taylor, Texas, where Samsung is planning to build its newest semiconductor plant. The land, called Hutto Mega TechCenter, will be developed into an industrial park. Both Titan and Hutto are marketing the site to companies seeking to relocate to the Austin area. Hutto Mega TechCenter, which is zoned as light industrial, is located near SH-130 toll road and adjacent to Hutto’s 450-acre megasite.
H-E-B May Be Headed To Manor, Alongside Other Retailers And Hundreds Of Apartments
ABJ – 6/17/2022
A new mixed-use development planned for eastern Travis County could be anchored by an H-E-B.
Developers have secured a handful of approvals, including an incentives agreement, to aid with the creation of the 95-acre hub for living and shopping at the Manor Crossing project, at the northwest corner of U.S. Hwy 290 and FM 973. Plans call for 600 multifamily units and up to 425,000 sq. ft. of commercial space. The first portion of Manor Crossing could open in July 2023, with the final portion coming online in June 2025.
Round Rock Site for New “Build-for-Rent” Community
Connect Media – 6/17/2022
Coastal Ridge Real Estate will utilize their Stillwell brand with a new 225-unit project in the Austin suburb of Round Rock. The 20-acre site will offer renters one, two and three-bedroom homes with access to a resort-style pool, clubhouse, walking trails and a fitness center. The project will be within the 1,200 acre Avery Centre master planned community. 25 miles north of Austin.
Austin City Council Eases Height Restrictions In Bid To Encourage More Housing Units
Austin American Statesman – 6/10/2022
Height restrictions on Austin’s residential buildings, long viewed as a barrier to increasing the city’s housing supply, are about to loosen up — if only just a little.
Under pressure to do whatever it can to stem rising housing costs, the Austin City Council on Thursday night took preliminary action to ease height limits on apartment and condo buildings. The new rules call for 300 feet of separation instead of 420 feet from the nearest single-family home and can be lowered to 200 through participation in an affordable housing program the council also voted to expand.
Public-Private Partnership to Develop 1 MSF Spec Industrial Project in Kyle, Texas
REBusiness – 6/13/2022
A public-private partnership between developer Alliance Industrial Co., Kyle Economic Development and the Greater San Marcos Partnership will build a 1 million-sq. ft. speculative industrial project in Kyle, a southern suburb of Austin.
Branded Kyle/35 Logistics Park, the development will consist of five facilities ranging in size from approx. 140,000 to 475,000 sq. ft. Buildings will feature clear heights of 36 to 40 feet, a mix of single-load and cross-dock configurations and ample employee and trailer parking spaces. Completion is slated for the first quarter of 2023.
Apple Lining Up Land To Expand North Austin Campus
Community Impact – 6/16/2022
Apple Inc. is preparing for the next phase of development at its new campus off West Parmer Lane. Executives have their eyes on roughly 53 acres of ranch land they’d like to transform. They’re asking Austin City Hall to annex the property so it can be rezoned for a variety of uses. Apple has laid out plans to develop the land in five phases. Apple already has four large buildings on the site, which are receiving finishing touches from construction crews. This annexation seems to be the next step in that timeline.
Two Real Estate Investment Companies Splash Into Austin With Apartment Deal
CoStar – 6/15/2022
Two real estate investment companies, Maryland-based Federal Capital Partners and Dallas-based VaultCap Partners, joined together to acquire a 200-unit apartment property in Austin, Texas. The companies acquired Huntington Meadows, located in East Austin, through an off-market transaction. Huntington Meadows is located at 7000 Decker Lane and adjacent to Lake Walter E. Long Lake. The 210,476-square-foot garden-style apartment property was built in 1998.
Samsung Picks Contractor for New Central Texas Semiconductor Plant
CoStar – 6/14/2022
Samsung Electronics has selected W.G. Yates & Sons Construction Co., also known as Yates Construction, to build 6 million square feet of a semiconductor fabrication facility at its planned $17 billion plant on 1,200 acres in Taylor, Texas. The plant, which is expected to support about 2,000 high-tech jobs on-site and thousands more in the surrounding area, is planned to produce 5G, artificial intelligence, high-performance computing and mobile technology.