It’s no secret that Cedar Park is one of the fastest-growing communities around.

The Williamson County suburb has seen big development spring up along FM 1431, U.S. Highway 183-A and around the HEB Center at Cedar Park.

But central parts of U.S. 183, which is also called Bell Boulevard, have become stagnant, even generating declining sales tax revenue, said Assistant City Manager Katherine Caffrey. That’s unusual for a city used to seeing growth.

And it was a concern not only because of its implications for the city’s coffers, Caffrey said.

“We’ve had so many new things come to the community,” Caffrey said, pointing to a Costco and Whole Foods added elsewhere in Cedar Park. “It was just not an area that people were being drawn to.”

Click to read more at Austin Business Journal. 

One of downtown Dallas’ tallest towers — Trammell Crow Center — has landed an upscale grocery store and eatery to help anchor a multimillion-dollar renovation to the 50-story, 1.2 million-square-foot building in the city’s central business district.

Royal Blue Grocery and NL Group Inc., an operating entity of Dallas restaurateur Tim McEneny, have signed separate leases in the soon-to-be upgraded spaces on the ground floor of Trammell Crow Center, which is undergoing its first major redevelopment in more than three decades.

Click to read more at Austin Business Journal. 

Killeen leaders want to boost private investment in their city and the wider Fort Hood area with a new economic development initiative.

The Greater Killeen Chamber of Commerce will launch the 14 Forward Campaign at a ceremony Thursday. It’s a $2 million fundraising campaign that will run from 2018 to 2022, according to a Tuesday announcement.

“Proactive economic development — industry diversification, job creation, promotion of Fort Hood and new infrastructure investments — are what this region needs to thrive,” Brad Buckley, campaign co-chairman and a Killeen veterinarian, said in a statement.

Click here to read more at Austin Business Journal. 

A refreshed office building at 1705 Guadalupe St. was sold to local investment company Seamless Capital managed by Joe Warnock.

The seller was a joint venture involving Tommy Burt of The Burt Group, an Austin-based general contractor, and Derek George of Imperial Advisors, a local investor and developer. The 47,345-square-foot building has an interesting history as I previously reported. The recent sale first was reported by research company Real Capital Analytics.

The property was listed for sale about a year ago with Avison Young investment sales brokers Darrell Betts and John Baird handling the deal.

Click to read more at Austin Business Journal.