3 notable mixed-use, residential projects to pop up in Austin suburbs

bout two out of three newcomers to the Austin area end up settling in the suburbs, and that is producing an impressive building boom in the region.

Here’s a rundown of three more new projects:

  • In Pflugerville, about 20 minutes north of downtown Austin, City Council is pondering whether the city should partner in a 45-acre project called Pecan District. Developers plan to start building apartments at Pecan Street and Heatherwilde Boulevard in December, and they told city officials their involvement could mean the difference between a $400 million project with a huge parking lot and a $1.2 billion development with community amenities such as a hotel and amphitheater. The Austin American-Statesman chronicles the discussions in this article, and Community Impact Newspapers summarized the developers’ pitch here.

Click to read more at Austin Business Journal.

28 major real estate deals going down in Austin

 Austin-based Aquila Commercial cranks out some of the best commercial real estate reports I’ve seen in my career. Earlier this week, I wrote about some of the analysis about downtown Austin parking costs, outmigration trends and traffic stats, and now here are some specific deals and data of note during the second quarter:
 
Click to read more at Austin Business Journal.
 

$83 million mixed-use development coming to downtown (renderings)

Downtown San Antonio may be adding another silhouette to its skyline soon.

Plans for a two-tower mixed-use project next to City Hall have surfaced, tentatively named Kallison Square. Sitting on a 1.4-acre lot along Dolorosa and South Flores streets, the planned 21-story development will feature a tower of residential and retail along Dolorosa Street and a tower of office space along Nueva Street.

Click to read more at San Antonio Business Journal.

New Central Library set to deliver in bustling corner of downtown Austin

A major addition to southwest downtown finally has a finish date.

Austin’s New Central Library will host a grand opening at 10 a.m. Oct. 28 at 710 W. Cesar Chavez St. After more than four years of construction, the $125 million facility will open in a corner of the Central Business District that is humming with construction. Directly east of the site, across Shoal Creek, the 32-story Austin Proper Hotel & Residences is going up at 202 Nueces St.. And the 500 West 2nd, the future home of Google Inc. in Austin, was recently completed nearby.

Click to read more at Austin Business Journal.

CBRE Selected To Lease 570,000-SQ.-FT Industrial Portfolio In El Paso, Texas

EL PASO, Texas – July 31, 2017 – CBRE has been selected to lease the East 10 Industrial Portfolio on behalf of Stonelake Capital Partners (“Stonelake”), after Five Star Development sold the industrial portfolio to Stonelake in June 2017. The 567,830-sq.-ft. portfolio is comprised of four buildings in the East El Paso submarket (Vista del Sol) of El Paso, Texas.

William Caparis and Arturo De la Mora of CBRE’s El Paso office are the exclusive leasing advisors.

“Stonelake began renovating the properties immediately to bring the Class A industrial buildings back to the quality and standard that warehouse and light industrial users are looking for today. The renovations create significant opportunity for companies looking for space in El Paso. Leasing activity is brisk as we reintroduce the buildings to the markets,” said Mr. Caparis.

Initial renovations include roof repairs, new lighting, new carpet and exterior paint.

The four industrial buildings are located at 12120, 12150, 12160 and 12170 Rojas, within the Vista del Sol Industrial Park, providing immediate access to Interstate 10, Loop 375 and international access to Cd. Juárez, Mexico, via the Zaragoza International Bridge.

Combined, the buildings have 233,254 sq. ft. of space currently available for lease.

With the addition of the East 10 Industrial Portfolio, Stonelake now owns 1.2 million sq. ft. of industrial buildings in El Paso, and a total of 5.0 million sq. ft. throughout the state of Texas. Stonelake plans to acquire approximately 3.0 million sq. ft. of additional industrial in Texas over the course of the next 24 months.