Category: Central/South Texas

$200M Solms Landing project takes shape south of Austin with shops, restaurants & homes

Posted on by ginger

If everything falls into place, the 98-acre, $200 million Solms Landing development in New Braunfels could be one of the I-35 corridor’s most ambitious projects to date.

As first reported by San AntonioBusiness Journal in June, Solms Landing is the brainchild of James Mahan and South Texas Capital, and was originally slated to consist of restaurants, a boutique hotel, upscale retail space, multifamily units, Class A office space, walking and biking trails and at least three parks. Today, the plan for Solms Landing looks mostly the same with the addition of 182 single-family lots.

Click to read more at Austin Business Journal

Co-Op District awaits regulatory OK; Mixed-use project aims at ‘sleepy little town’ north of Austin

Posted on by ginger

Williamson County and Hutto are working to finalize an economic development deal for the mixed-use Co-Op District, a 25-acre development that could create a new economic focal point in the small town northeast of Austin.

Plans call for a new city hall, library and private development such as apartments, restaurants, retail and office space, a movie theater and a hotel north of Highway 79 and west of downtown Hutto. In other words, it could be a pivotal step for the rapidly growing suburban community.

County commissioners are considering whether to create a special taxation zone for the project. Although they did not vote on the measure at their Tuesday meeting, County Judge Dan Gattis signaled the measure has support.

Click to read more at Austin Business Journal. 

Homes, shops, offices to spring up near Dell HQ

Posted on by ginger

A California real estate firm is poised to invest $200 million in a mixed-use development at the busy intersection of State Highway 45 and I-35 in Round Rock.

Round Rock City Council unanimously approved last month a memorandum of understanding with Mark IV Capital for 65.5 acres on Greenlawn Boulevard.

City officials may offer incentives for the master-planned project, which would include at least 1 million square feet of commercial and residential development. That’s roughly equivalent to what Barton Creek Square mall has to offer, in terms of square footage.

Click to read more at Austin Business Journal. 

Water park, resort and convention center pegged near Dell Diamond

Posted on by ginger

When the Kalahari Resort and Convention Center opens in Round Rock, residents and businesses will gain a huge asset.

Sure, Wisconsin-based Kalahari Resorts LLC is known for building fun water parks that are a regional draw — an African-themed indoor and outdoor water park is on tap for Round Rock — but there’s a big business component to the properties.

Click to read more at Austin Business Park

In Georgetown, 164 acres to become Italian-style village

Posted on by ginger

Iva Wolf McLachlan’s father, Jay Wolf, came to Georgetown more than 70 years ago with “absolutely nothing” to attend Southwestern University on the GI Bill.

Jay Wolf saved up and, eventually, began to purchase land.

Now, that land, which sits near I-35 and State Highway 29, has sprouted developments such as the Wolf Ranch Town Center shopping mall and the 755-acre Wolf Ranch residential community.

“I feel a great sense of pride to be the steward of that hard work and vision,” Iva Wolf McLachlan said.

Click to read more at Austin Business Journal.

IKEA closes on land for new store near San Antonio, prepares to start construction

Posted on by ginger

IKEA last week completed its acquisition of 30 acres in Live Oak, about 15 miles northeast of downtown San Antonio, where construction will begin soon on a 111-acre shopping center with the Swedish furniture retailer as anchor tenant.

IKEA closed on its plot on Dec. 5, according to deeds records. The plot was bought by an entity called LOTC Holdings Ltd. and was last assessed by the Bexar County Appraisal District at $4.2 million.

Construction of IKEA’s 300,000-square-foot store is scheduled to begin in March. The estimated $30 million project is expected to be completed in March 2019 and will be designed by Ohio-based architecture firm WD Partners, according to construction documents.

Click to read more at Austin Business Journal.