Austin
Divco West Acquires Pointe I and II for $53M; Pioneer Green Raises $11M
By Camelia Bulea, Associate Editor
Divco West Acquisitions LLC recently acquired two Class A office buildings in Austin, totaling about 261,243 square feet. The transaction includes Prominent Pointe I and II, which were sold for $53 million. Austin-based Aquila Commerical arranged […]
Residential Projects Planned for South Lamar Face Opposition
By Camelia Bulea, Associate Editor
At least six residential projects are either planned or under construction in the area near South Lamar Boulevard and Barton Springs Road in Austin. The apartment projects are to bring around 1,700 residential units to the […]
New Hotel Becomes First in Texas to Receive LEED Gold Certification
By Camelia Bulea, Associate Editor
A 112-room Residence Inn by Marriott is currently under construction at the Mueller site, a redevelopment project at Austin’s former airport. Plans call for a four-story hotel building with 3,000 square feet of ground-floor retail space.
A […]
New Hotel Project Shapes Up in Downtown; 156,000-square-foot Office Building Sold
By Camelia Bulea, Associate Editor
A 137-room Hampton Inn & Suites is planned to be built in downtown Austin near the University of Texas campus and the Capitol. The eight-story building will be built on the site that was once meant […]
Austin Awarded $3M Grant for Colony Park Project; 370-Unit Apartment Complex to Break Ground
By Camelia Bulea, Associate Editor
Austin was recently awarded a $3 million grant from the U.S. Department of Housing and Urban Development (HUD), in order to fund a public-private mixed-use development in Colony Park. The grant will finance a master plan […]
Construction on Sweetwater Development Under Way; Cedar Park Development to Break Ground in Late January
By Camelia Bulea, Associate Editor
In 2010, Wheelock Street Capital purchased a 1,400-acre site located near Lake Travis ISD’s bus depot. One year later, in October 2011, it began construction of Phase One of the Sweetwater residential development.
According to Community Impact […]
Greyrock Ridge and Bee Cave Housing Projects Closer to Reality
By Camelia Bulea, Associate Editor
A preliminary plan for a 177-acre residential development recently received the green light from city and county officials. The project, named Greyrock Ridge, will be developed in an environmentally sensitive area, partly located within Austin’s city […]
UT to Build $56M Supercomputer; $63M Mixed-Use Project Faces Stiff Opposition
By Camelia Bulea, Associate Editor
A new $56 million project broke ground in North Austin in late October. The University of Texas plans to build 11,000 square feet of space that will host a new computer, called Stampede, located at UT’s […]
Wal-Mart to Build Four New Supercenters in Austin Metro
By Camelia Bulea, Associate Editor
Central Texas shows healthy retail market signs as Wal-Mart is developing heavily in the area. After the groundbreaking of a new 120,000-square-foot building that will replace the existing store in Lockhart, Wal-Mart announced the development of […]
Five Major Projects to Change the Face of Austin Downtown
By Camelia Bulea, Associate Editor
Five major projects, delayed for two years due to financing problems, are slated to break ground next year at the former Seaholm Power Plant and the site of the former Green Water Treatment Plant. The projects, […]