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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
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 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.
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.
Landmark Properties Inc., a student housing developer based in Athens, Georgia, has filed a site plan with the city of Austin for its first major project at the University of Texas‚ a 17-story tower at 715 W. 23rd St.
The Standard at Austin could contain 287 units, a parking garage and amenity floor comprising more than 520,000 square feet on a little more than one acre. The project, as described at the Texas Department of Licensing and Registration, is valued at $191 million, which seems particularly pricey and may reflect a typo — something that has happened previously with TDLR records.
I’ve requested a rendering and confirmation of construction value from the developer.
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.