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Austin Awarded $3M Grant for Colony Park Project; 370-Unit Apartment Complex to Break Ground

Austin Awarded $3M Grant for Colony Park Project; 370-Unit Apartment Complex to Break Ground

By Camelia Bulea, Associate Editor Austin was recently awarded a $3 million grant from the U.S. Department of Housing and Urban Development (HUD), in order to fund a public-private mixed-use development in Colony Park. The grant will finance a master plan [...]…

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Construction on Sweetwater Development Under Way; Cedar Park Development to Break Ground in Late January

Construction on Sweetwater Development Under Way; Cedar Park Development to Break Ground in Late January

By Camelia Bulea, Associate Editor In 2010, Wheelock Street Capital purchased a 1,400-acre site located near Lake Travis ISD’s bus depot. One year later, in October 2011, it began construction of Phase One of the Sweetwater residential development. According to Community Impact [...]…

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Greyrock Ridge and Bee Cave Housing Projects Closer to Reality

Greyrock Ridge and Bee Cave Housing Projects Closer to Reality

By Camelia Bulea, Associate Editor A preliminary plan for a 177-acre residential development recently received the green light from city and county officials. The project, named Greyrock Ridge, will be developed in an environmentally sensitive area, partly located within Austin’s city [...]…

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UT to Build $56M Supercomputer; $63M Mixed-Use Project Faces Stiff Opposition

UT to Build $56M Supercomputer; $63M Mixed-Use Project Faces Stiff Opposition

By Camelia Bulea, Associate Editor A new $56 million project broke ground in North Austin in late October. The University of Texas plans to build 11,000 square feet of space that will host a new computer, called Stampede, located at UT’s [...]…

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Wal-Mart to Build Four New Supercenters in Austin Metro

Wal-Mart to Build Four New Supercenters in Austin Metro

By Camelia Bulea, Associate Editor Central Texas shows healthy retail market signs as Wal-Mart is developing heavily in the area. After the groundbreaking of a new 120,000-square-foot building that will replace the existing store in Lockhart, Wal-Mart announced the development of [...]…

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Five Major Projects to Change the Face of Austin Downtown

Five Major Projects to Change the Face of Austin Downtown

By Camelia Bulea, Associate Editor Five major projects, delayed for two years due to financing problems, are slated to break ground next year at the former Seaholm Power Plant and the site of the former Green Water Treatment Plant. The projects, [...]…

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288-Unit Complex Sold to Waterton Residential; Canadian Developer to Build ‘Shop Houses’ at Mueller

288-Unit Complex Sold to Waterton Residential; Canadian Developer to Build ‘Shop Houses’ at Mueller

By Camelia Bulea, Associate Editor Waterton Residential recently purchased the Fox Hill apartment community in Southwest Austinl, according to a company news release. The deal for the 288-unit, 13-building Class A multifamily complex closed on October 28. The complex, built in 2009, [...]…

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Two Residential Projects to Bring 532 Units to Downtown Austin and Buda

Two Residential Projects to Bring 532 Units to Downtown Austin and Buda

By Camelia Bulea, Associate Editor Downtown Austin will have a new 17-story residential tower, which is being built by Rogers-O’Brien Construction. The project, situated at the northeast corner of Third and Brazos Streets, will include 268 multifamily units occupying 11 floors. [...]…

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Image Microsystems Develops 100,000SF Recycling Plant; KBS REIT Acquires Las Cimas IV

Image Microsystems Develops 100,000SF Recycling Plant; KBS REIT Acquires Las Cimas IV

By Camelia Bulea, Associate Editor The Palm Harbor facility in Kyle was recently bought by Image Microsystems Inc., which will develop a recycling plant in this manufacturing facility. The company bought the plant with the goal of recycling the e-waste plastic. [...]…

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$40M Religious Assembly to be Developed; White Lodging Breaks Ground on Hyatt Hotel

$40M Religious Assembly to be Developed; White Lodging Breaks Ground on Hyatt Hotel

By Camelia Bulea, Associate Editor The City of Austin approved a $40 million project in Southwest Austin at the beginning of October. The Dream City project, proposed by Promiseland West Bible Church, includes a worship center, auditorium and amphitheater. Pastor Randy Phillips [...]…

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500,000SF Cedar Park Retail Center Sold for $97.6M; $11M Estate Sold for $3M in Auction

500,000SF Cedar Park Retail Center Sold for $97.6M; $11M Estate Sold for $3M in Auction

By Camelia Bulea, Associate Editor The 486,896-square-foot retail center in Cedar Park has been bought in a joint venture by Oak Brook, Ill.-based Inland Western Retail Real Estate Trust Inc. and Toronto, Canada-based RioCan Real Estate Investment Trust for $97.6 million. The [...]…

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IKEA Expands Round Rock Store; Developer Buys Third Facility in Austin

IKEA Expands Round Rock Store; Developer Buys Third Facility in Austin

By Camelia Bulea, Associate Editor The Round Rock IKEA store will be expanded by 54,000 square feet, which will bring the total store area to 306,900 square feet. Construction will begin this month, and the new project is expected to be [...]…

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