Medical-centered development making headway in LeanderMedical-centered development making headway in Leanderhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299052023-09-20T05:00:00Z2023-09-22T21:00:00Z

​​LEANDER – Progress continues at Pointe 183, a new medical and professional development that broke ground in May.

Pointe 183 is on 22 acres on the frontage of the 183A Toll and shares a driveway with St. David's Eme​​rgency Center. The deve​​lopm​​ent is expected to create many medical-related jobs.

The seven-acre first phase will con​​sist o​f medical and office buildings and an animal hospital. Medical services opening in the first phase will include orthopedics, family practice, pediatrics, and dental.

The remaining 15 acres will have restaurants, retail, and a three-story office building.

Phase 1 is scheduled for completion in late summer 2024. The whole project is expected to be completed within the next five years.

Cadre Construction is spearheading the development.​​​​​

Community Impact Newspaper
Austin-Round Rock
https://communityimpact.com/austin/leander-liberty-hill/development/2023/09/15/work-continues-on-new-22-acre-medical-professional-development-in-leander/Read more at {Source}
Richardson city hall, library lease temporary homeRichardson city hall, library lease temporary homehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299062023-09-20T05:00:00Z2023-09-22T21:00:00Z

RICHARDSON – The city hall and library have signed a lease for temporary location following fire damage and renovations.

The 80,000-sf lease at 2360 Campbell Creek Blvd. has 48,000 sf for the city hall and 29,000 sf for the library. The lease was negotiated by Citadel Partners.

The previous city hall suffered fire damage while undergoing renovations. The new city hall is funded by a $46 million bond program and will open in fall 2026. 

The library location will open after renovations finish in late 2025.

Citadel Partners
Dallas-Fort Worth-Arlington
Public Facilities
Read more at {Source}
Former Forest Park Medical Center brought back to lifeFormer Forest Park Medical Center brought back to lifehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299202023-09-21T05:00:00Z2023-09-22T20:00:00Z

SAN ANTONIO – After sitting empty for years, the former Forest Park Medical Center is about to reopen as Methodist Hospital Landmark.

Methodist Health System, which acquired the structure near I-10 and Loop 1604, has been redeveloping the site since the pandemic.

The new 155,000-sf hospital will have 54 beds and 12 operating rooms. It will also house 27 private patient rooms and 14 VIP suites.

Methodist is spending roughly $75 million, including site acquisition costs, to redevelop the hospital.

Doors are expected to open before the end of the month.​

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/18/first-look-methodist-lhospital-landmark.htmlRead more at {Source}
Downtown Leeds Building sold to DJE GroupDowntown Leeds Building sold to DJE Grouphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299212023-09-21T05:00:00Z2023-09-22T20:00:00Z

​SAN ANTONIO – Local real estate investment firm DJE Texas Management Group closed last week on a vacant retail building at 345 West Commerce St.

The building, known as the Leeds Building, has an assessed value of $938,430, according to a 2023 appraisal of the site.

The lead developer predicts the upstairs of the building will be office space and the downstairs will be retail, likely a restaurant.

JJ Real Co. represented the buyer, and Accelerated Commercial Real Estate represented the seller.

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/18/dje-buys-leeds-building.htmlRead more at {Source}
New Braunfels evaluating 16-acre site for future usesNew Braunfels evaluating 16-acre site for future useshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298722023-09-15T05:00:00Z2023-09-22T18:00:00Z

NEW BRAUNFELS – Economic & Planning Systems Inc. will conduct an $89,000 feasibility study for the city to determine the future of a 16-acre site.

The consultant will analyze the property, evaluate its market potential, and create a financial model.

This will include documenting economic trends, collecting demographic data of residents, identifying potential residential and commercial uses, and identifying public revenue streams for the city.

The land is owned by the New Braunfels EDC and is on Gruene Rd. and Common St.​

Community Impact Newspaper
San Antonio-New Braunfels
https://communityimpact.com/austin/new-braunfels/government/2023/09/14/new-braunfels-approves-89k-feasibility-study-for-future-of-16-acre-site/Read more at {Source}
TWDB requesting feedback on nature-based solutions to mitigate floodingTWDB requesting feedback on nature-based solutions to mitigate floodinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299102023-09-21T05:00:00Z2023-09-22T18:00:00Z

AUSTIN – As part of the effort to address flood issues across the state, the Texas Water Development Board (TWDB) is conducting an online survey​ now through Sept. 29 to collect input on the use of nature-based solutions to mitigate flood risk. Responses will be used to help develop a guidance manual for communities seeking to implement these projects.

Nature-based solutions are broad, ranging from detention and retention ponds to preservation of natural features, such as floodplains and wetlands, or may even include roadside ditches with nature-based components. Sometimes, projects designed to improve water quality or intended to provide other environmental benefits can also work to mitigate flooding.

“The work that we’re doing is from a lens of flood mitigation. But really, there are likely greater benefits for water quality, environmental enhancement, and even for public recreation and enjoyment,” said Saul Nuccitelli, the TWDB’s Director of Flood Science and Community Assistance. “We’re looking to try to integrate and connect those project benefits and encourage folks who are doing flood work to seek out ways to incorporate nature-based components into their projects.”​

Texas Water Development Board
https://texaswaternewsroom.org/articles/twdb_explores_nature-based_solutions_to_mitigate_flooding_in_texas.htmlRead more at {Source}
Austin country club getting multimillion-dollar makeoverAustin country club getting multimillion-dollar makeoverhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299112023-09-21T05:00:00Z2023-09-22T18:00:00Z

AUSTIN – Lost Creek Country Club is undergoing a major transformation that includes a new name.

The facility, now known as Westlake Country Club, is in the midst of a multimillion-dollar revamp of the 6,623-yard, par 72-golf course.

The first phase of improvements at Westlake began in 2022 and improved the club's tennis and racquet sports facilities. Two of the club's existing tennis courts were turned into pickleball courts. The club's aquatics center, poolside bar, and res​taurant were updated as well.

The second phase, which is currently in process, includes a complete redesign of the greens and bunkers. Work started in December 2022 and is expected to be ready to play in November 2023. The course will also get a new irrigation system, an expanded driving range, and a new practice course.

The third and final phase of the project will include the renovation of the main clubhouse. Dining facilities, private event space, locker rooms, audio-visual equipment, family areas, parking lots, and surrounding landscape will all be improved.

As the club's amenities improve, the cost of membership is set to rise. The membership initiation fee will be set at $100,000 in addition to monthly dues of $1,000 for full use of the club's facilities.

The entire project is set for completion by 2025.​

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/21/west-lake-country-club-undergoes-major-renovation.htmlRead more at {Source}
Fort Worth acquisition first North Texas property for investment firmFort Worth acquisition first North Texas property for investment firmhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299012023-09-19T05:00:00Z2023-09-21T22:00:00Z

FORT WORTH – A multifamily acquisition marks real estate investment firm Calvera's first North Texas property.

Located at 2925 W Normandale St., the 192-unit Saddlehorn Vista Apartments will undergo rebrandin​g and new signage as well as renovations on landscaping and common areas.

Calvera has properties in Austin; Carrboro, N.C.; and Oakland, Calif. totaling $113 million.​​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/18/calvera-acquisition-fort-worth.htmlRead more at {Source}
MEI expands at Doerr Lane Logistics CenterMEI expands at Doerr Lane Logistics Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299022023-09-19T05:00:00Z2023-09-21T22:00:00Z

SCHERTZ – MEI Rigging & Crating has renewed its lease at Doerr Lane Logistics Center, located at 9807 Doerr Ln.

In addition, the company expanded by 78,362 sf and now occupies 191,297 sf.

Atlanta-based Ackerman & Co. and Baltisse US Inc. represented the landlord in the lease negotiations, while ATCAP Partners represented the tenant.

San Antonio-New Braunfels
https://rebusinessonline.com/mei-rigging-crating-signs-industrial-lease-expansion-renewal-in-schertz-texas/Read more at {Source}
30-story office tower going up near Klyde Warren Park30-story office tower going up near Klyde Warren Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299072023-09-20T05:00:00Z2023-09-21T22:00:00Z

DALLAS – A 30-story office tower will begin construction next to Klyde Warren Park by the end of 2023 and open in 2027.

Located at the corner of North Harwood St. and Woodall Rodgers Fwy., the 500,000-sf Bank of America Tower at Parkside will have a 12th floor Sky Lobby and Lounge with tenant space and a coffee and cocktail bar, as well as outdoor terraces. 

Bank of America will occupy 238,000 sf of the tower.

Pacific Elm Properties and KDC are the project developers and Kohn Pedersen Fox designed it.​

Dallas-Fort Worth-Arlington
Read more at {Source}
118-acre mixed-use to break ground in Cedar Park next year118-acre mixed-use to break ground in Cedar Park next yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299082023-09-20T05:00:00Z2023-09-21T22:00:00Z

CEDAR PARK – Documents filed with the Texas Department of Licensing and Regulation indicate construction on CPM Development LLC's 118-acre mixed-use project at 750 E. New Hope Dr. could begin early next year.

The project could eventually reach five million sf of commercial space.

The development is slated to have a 250-room, full-service hotel; 30K-sf convention center; 250,000 sf of retail; 700,000 sf of warehouse space; and a 500,000-sf Nebraska Furniture Mart.

Filings indicate there are two tenants lined up: Scheel's sporting goods store and PopStroke, a miniature golf and dining concept.

In 2021, the city committed to providing $45 million in rebates to the company if they invested $400 million in the city, created 725 new jobs in the first year, and made all surrounding infrastructure improvements in return.

The entire project is expected to generate $435 million in tax revenue in its first 25 years of operation.

The project is expected to reach full completion in 2026.​

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/19/nebraska-furniture-mart-cedar-park-austin-tenants.htmlRead more at {Source}
Applied Materials Inc. signs on at 130 Crossing industrial parkApplied Materials Inc. signs on at 130 Crossing industrial parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299092023-09-20T05:00:00Z2023-09-21T22:00:00Z

​PFLUGERVILLE – Silicon Valley-based Applied Materials Inc. is listed as the tenant for an "interior warehouse finish out" project in 160K sf at the 130 Crossing industrial park.​

Construction of the building at 3100 E. Pecan St. is estimated to cost $850,000 and is scheduled to start in November and be finished by January. It's part of a third phase that will add three buildings and roughly 490,000 sf to the five existing buildings in the Class A industrial park.

The first two phases had 675,000 sf collectively. The business park will eventually total more than one million sf and could create at least 525 jobs.

Ironwood Realty Partners LLC is the developer and owner. Stream Real Estate represented the landlord.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/20/applied-materials-pflugerville-austin-semi-supply.htmlRead more at {Source}
Construction tops out on latest Pegasus Park phaseConstruction tops out on latest Pegasus Park phasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298892023-09-18T05:00:00Z2023-09-21T21:00:00Z

DALLAS – The next phase of the 26-acre Pegasus Park life sciences campus is nearing completion.

The structure of a new 135,000-sf research and development building at 3020 Pegasus Park Dr. will be completed next month. The interior of the building, called Bridge Labs, will be finished in mid-2024.

Swinerton partnered with Montgomery Street Partners on construction. Property Management Advisors and Perkins & Will Architects are also on the team. 

Pegasus Park is being developed by J. Small Investments and Lyda Hill Philanthropies.​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/14/next-phase-moves-ahead-at-dallas-blossoming-biotech-hub-pegasus-park/Read more at {Source}
Townhomes coming to master-planned Woodforest communityTownhomes coming to master-planned Woodforest communityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298792023-09-15T05:00:00Z2023-09-21T20:00:00Z

MONTGOMERY – Highland Homes is developing a townhome project in Woodforest, a 3,000-acre master-planned community.

The development will have 86 townhomes, each with three bedrooms, two and a half baths, and two car garages. Units will range from 1,761 to 2,297 sf and be priced starting at $400,000.

Preselling is expected to begin in late fall 2023.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/conroe-montgomery/development/2023/09/12/highland-homes-plans-new-townhome-development-in-woodforest/Read more at {Source}
66K-sf waterless slide park slipping and sliding into Katy66K-sf waterless slide park slipping and sliding into Katyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298922023-09-19T05:00:00Z2023-09-21T19:00:00Z

​KATY – Slick City Action Park, an indoor waterless slide park, is expected to open this October at 5000 Katy Mills Circle.

The 66,000-sf park will have multiple slides, a trapeze, swing, zip line, silks, obstacle course, air courts, mini go-karts, over 5,000 sf of events space for parties, City Café, and more.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/katy-fulshear/development/2023/09/18/slick-city-action-park-to-open-in-first-texas-location-in-katy-mills-in-october/Read more at {Source}
Financial service giant’s Westlake campus to undergo expansionFinancial service giant’s Westlake campus to undergo expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298902023-09-18T05:00:00Z2023-09-20T22:00:00Z

​WESTLAKE – Deloitte LLP will break ground in January on the $300 million expansion of its campus in Circle T Ranch.

First up for the 700,000-sf Deloitte University Campus is a 257,000-sf, five-story building with classrooms, meeting rooms, outdoor roof terrace, food and beverage, and 300 guest rooms. That building is expected to open in 2025. 

Tarrant County approved $5 million in tax breaks for the expansion.

The project is designed by Gensler Architects and owned by Deloitte LLP.​​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/18/deloitte-to-start-work-on-huge-addition-to-westlake-campus/Read more at {Source}
Upscale RV park planned near Alamodome . . . for nowUpscale RV park planned near Alamodome . . . for nowhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298262023-09-06T05:00:00Z2023-09-20T21:00:00Z

​​​SAN ANTONIO – Local developer Craig Glendenning is planning a luxury RV park minutes from the Alamodome, but only for the short term.

When the market improves, he says he want to turn the site at 509 Delaware St. and 1008 and 1012 Hoefgen Ave. into a dual apartment and hotel project.

The lots are intended for a 300-unit apartment complex or a 270-unit hotel, according to Glendenning. He plans to have the RV park running for five to seven years. The park will be open for short-term rentals up to 30 days at about $75 per day.

The future mixed-use project would add to the burgeoning hotel options that are sprouting up around the Alamodome in downtown's eastern outskirts.

Glendenning added that about $2 million would be invested in paving the site and building out the amenities.

The lots were purchased in 2020 and have a combined assessed value of about $1.7 million.

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/06/rv-park-near-alamodome.htmlRead more at {Source}
Bartonville luxury development in the works Bartonville luxury development in the works https://www.recenter.tamu.edu/news/newstalk-texas/?Item=298502023-09-08T05:00:00Z2023-09-20T21:00:00Z

​​​BARTONVILLE – A luxury custom home project is under development with 30 available lots.

The 87-acre development will have two-acre lots with custom homes starting at 4,800 sf and $3 million. Some lots have space for horses.

Cana Capital is the developer. Builders includ Lingenfelter Custom Homes, Pentavia Custom Homes, and Denton Creek Builders. 

The project is near the Lantana master-planned community.

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/07/luxury-homes-bartonville-argyle-sharma-group.htmlRead more at {Source}
Midland multisport complex expansion plannedMidland multisport complex expansion plannedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298872023-09-18T05:00:00Z2023-09-20T20:00:00Z

MIDLAND – Midland Athletic Syndicate plans to build a 115K-sf addition to the Scharbauer Sports Complex just off Loop 250 Frontage Rd.

The new two-story indoor facility will have volleyball, basketball, and indoor soccer courts, and an open gym. The facility will also have locker rooms, concession sales, spectator seating, and rooms for meetings and education.

It will be used for sports leagues, community events, and possibly statewide sporting events.

Construction will cost around $35M, with all funds coming from nonprofit and private donations.

The city will lease the land to the organization for the next 99 years.

Leaders of the Midland Athletic Syndicate are expected to break ground within the first quarter of next year. Completion is expected within 12-18 months.​

Public Facilities
https://www.cbs7.com/2023/09/14/local-nonprofit-takes-next-step-toward-building-new-sports-complex/Read more at {Source}
New Eaton facility to boost El Paso job marketNew Eaton facility to boost El Paso job markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298952023-09-19T05:00:00Z2023-09-20T20:00:00Z

EL PASO – A power management company is expanding and bringing hundreds​ of jobs to the borderland.

Eaton announced the expansion of its manufacturing operations, which includes the purchase of a new facility in El Paso, the creation of more than 600 jobs, and an $80 million investment.

A spokesperson for Eaton said the company also looked at Albuquerque, Phoenix, and Dallas, but El Paso beat those cities because of how close it is to Eaton's Juarez plant.

With its latest investment, Eaton plans to increase manufacturing of electrical grid components such as low-voltage breakers, switchboards, panelboards, and assemblies.

El Paso
https://kfoxtv.com/news/local/eatons-80-million-investment-to-bring-over-600-jobs-to-el-paso-texasRead more at {Source}

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