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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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BOKA Plans 302-Unit Complex; Sears Considers Austin for Headquarters

BOKA Plans 302-Unit Complex; Sears Considers Austin for Headquarters

By Camelia Bulea, Associate Editor A week ago, BOKA Powell announced its plan to develop a four-acre residential development south of Lady Bird Lake. The project, called River View, will include 302 apartments, which will be located in four buildings ranging [...]…

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Catellus Plans to Develop 221 Additional Homes at Mueller Site

Catellus Plans to Develop 221 Additional Homes at Mueller Site

By Camelia Bulea, Associate Editor East Austin will see new residential projects with the development of 221 additional homes, townhouses and condominiums at the Mueller site. The new residences will be built by David Weekley Homes, Standard Pacific Homes, Streetman Homes [...]…

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Developers to Add Over 630 Units to Austin’s Housing Stock

Developers to Add Over 630 Units to Austin’s Housing Stock

By Camelia Bulea, Associate Editor A new 16-story tower with 277 luxury apartments will be built in downtown Austin. Riverside Resources is planning to develop the high-end residential project, which will replace the former Whitley Printing Co. building. In addition, another residential [...]…

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Lamar Plaza to be Transformed into a Mixed-use Development

Lamar Plaza to be Transformed into a Mixed-use Development

By Camelia Bulea, Associate Editor Lamar Plaza, a famous 1950s shopping center, will be redeveloped into an ambitious mixed-use development. The home to important businesses such as South Austin Gym, Alamo Drafthouse and The HighBall nightclub will be transformed into a [...]…

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Hank Sells 30,000 Sq. Ft. of Retail Space in Downtown Austin

Hank Sells 30,000 Sq. Ft. of Retail Space in Downtown Austin

By Camelia Bulea, Associate Editor Whit Hanks Properties recently sold a shopping center in downtown Austin to Endeavour Real Estate Group. The 29,739-square-foot shopping center, which is solely dedicated to home furnishings, is considered to be one of the city’s best [...]…

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$350M to be Spent for the Transformation of Downtown Austin

$350M to be Spent for the Transformation of Downtown Austin

By Camelia Bulea, Associate Editor With a $1.6 million master plan, downtown Austin has great chances of changing its look with urban rail, better parks, wider sidewalks and moderately priced housing. The $350 million plan, which the City Council must first [...]…

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Three Apartment Communities Up For Sale in Austin

Three Apartment Communities Up For Sale in Austin

By Camelia Bulea, Associate Editor CB Richard Ellis Inc. recently announced that three large apartment complexes–Club Creek, Wildwood and Village at Riverdale–totaling 660 units, are up for sale. The three properties are offered without a price and put to sale through receivership. [...]…

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City Council Approves Development of Mixed-Use Project Near Barton Square Mall

City Council Approves Development of Mixed-Use Project Near Barton Square Mall

By Camelia Bulea, Associate Editor The mixed-use project near the Barton Creek Square Mall was approved last week by the Austin City Council with a unanimous vote. The project calls for 140 condominiums in two buildings, 86 townhomes, 75,819 square feet [...]…

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New $20M Recycling Plant Breaking Ground in Austin

New $20M Recycling Plant Breaking Ground in Austin

By Camelia Bulea, Associate Editor Austin residents will benefit from a new $20 million recycling plant in Northeast Austin, which is set to open in the fall of 2012. The facility, which is being built on a 10-acre site, will process [...]…

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Developers Eye 300-Room Hotels in Austin and Suburbs

Developers Eye 300-Room Hotels in Austin and Suburbs

By Camelia Bulea, Associate Editor A 210-room hotel could be built in downtown Austin, on Congress Ave. The developer’s plan is to build a boutique hotel in the Bosche-Hogg Building, with 210 rooms and 120,000 square feet of office space, according [...]…

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