Opus Eyes $125M Industrial Project Near Austin
The developer already has potential tenants lined up.
The Opus Group has moved forward with an approximately $125 million, 800,000-square-foot industrial project in Hutto, Texas, after the city council unanimously approved a motion to continue local engagement with the company. The development is dubbed the Hutto Tech and Trade Center, as reported by the Austin Business Journal.
The firm still needs to reach a development agreement and undergo a wastewater service extension, subdivision planning and permitting. However, the developer mentioned that it already has ongoing lease negotiations.
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The development could take shape across two adjacent tracts of land, which Opus aims to annex as part of the project. Totaling roughly 69 acres, the construction site will be along County Road 119 and Rain Creek Drive, roughly 28 miles northeast of downtown Austin.
Demand starts catching up with supply-heavy submarket
The project may rise within the metro’s Georgetown submarket, an area which witnessed heightened industrial demand during 2026’s first quarter, according to a Cushman & Wakefield report. More than half of Austin’s leases closed inside this submarket.
However, Georgetown also had the highest vacancy rate as of March, clocking in at 34 percent, due to persistent past industrial deliveries. Still, the submarket’s pipeline nearly dried up entirely, having just 103,510 square feet of space underway as of the same month.
Another notable project inside the submarket is Samsung’s $17 billion plant. The 1,200-acre chip manufacturing development may be partly operational by year’s end.
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