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105k-sf New Braunfels self-storage facility breaks ground105k-sf New Braunfels self-storage facility breaks groundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306552024-02-26T06:00:00Z2024-03-01T00:00:00Z

NEW BRAUNFELS – Bakke Development Corp. and Batson-Cook Development Co. have broken ground on a 987-unit self-storage facility on I-35.

The four-story building on the 1.8-acre site will have 104,875 sf of climate-controlled space.

Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors, and construction lender Frost Bank.

Completion is slated for first quarter 2025.​

REBUSINESS
San Antonio-New Braunfels
Retail
https://rebusinessonline.com/bakke-batson-cook-break-ground-on-987-unit-self-storage-facility-in-new-braunfels-texas/Read more at {Source}
WorldSprings to develop spa location in New Hope projectWorldSprings to develop spa location in New Hope projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306802024-02-28T06:00:00Z2024-03-01T00:00:00Z

CEDAR PARK – WorldSprings is planning to develop an eight-acre project in the New Hope development that could have more than 40 pools, including hot springs, a Dead Sea floating pool, and cold plunges.

The WorldSprings project would be in the portion of the site that is dedicated to entertainment, restaurants, hotels and more.

Commissioners expressed concern about the water usage of the project amid Cedar Park's drought restrictions. Developers said their water use is comparable to that of a fast-food restaurant.

New Hope is a joint venture of Cordova Real Estate Ventures, Riverside Resources, and Live Oak. The $250 million project is expected to total at least 430,000 sf of industrial space and roughly 29,000 sf of retail space.​

Austin Business Journal
Austin-Round Rock
Retail
https://www.bizjournals.com/austin/news/2024/02/26/worldsprings-cedar-park-spas-pools-entertainment.htmlRead more at {Source}
EQT Exeter expands Austin industrial portfolio to 2.5 million sfEQT Exeter expands Austin industrial portfolio to 2.5 million sfhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306812024-02-28T06:00:00Z2024-03-01T00:00:00Z

AUSTIN – EQT Exeter has been picking up property and tenants throughout the outskirts of Austin and now has a local industrial portfolio totaling 2.5 million sf across 13 buildings.

Over the last few months, EQT Exeter has purchased a 410,000-sf building in Georgetown and an adjacent 24-acre parcel where they plan to develop an over 400,000-sf building.

The company has also purchased a 168,000-sf building in Lockhart housing Factory Builders Stores, leased 180,000 sf to Four Hands LLC in Buda, and entered into an agreement to purchase the 450,000-sf building in Georgetown that houses GAF Energy LLC.​

Austin Business Journal
Austin-Round Rock
Industrial
https://www.bizjournals.com/austin/news/2024/02/26/eqt-exeter-group-austin-central-texas-real-estate.htmlRead more at {Source}
550-acre Celina equestrian ranch approved for residential redevelopment550-acre Celina equestrian ranch approved for residential redevelopmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306512024-02-23T06:00:00Z2024-02-29T23:00:00Z

CELINA – A 550-acre former equestrian ranch has been approved for residential redevelopment.

Rainwater Crossing near CR 134 will have 1,900 homes, including single-family, townhomes, multifamily units, and tiny homes. 

The project will have 42 acres of open space and 13 acres of public parkland, as well as a resort-style clubhouse, pool, playground, and sports courts.

Green Brick Partners Inc. and Hersh Family Investments are the developers. CB Jeni Homes, Normandy Homes, Southgate Homes, and Centre Living Homes, all subsidiaries of Green Brick, will build the homes.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
https://www.dallasnews.com/business/real-estate/2024/02/23/green-brick-teams-up-with-hersh-family-investments-for-celina-community/Read more at {Source}
JV breaks ground on 785K-sf Stafford industrial park in StaffordJV breaks ground on 785K-sf Stafford industrial park in Staffordhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306862024-02-29T06:00:00Z2024-02-29T19:00:00Z

​STAFFORD – Lovett Industrial and PCCP LLC have broken ground on Stafford Logistics Park, a 785,000-sf speculative industrial project.

The development will have a 520,000-sf, cross-dock warehouse and a 265,000-sf, front-load warehouse.

Building features will include 36- and 32-ft clear heights, respectively, as well as parking for 190 trailers and 380 cars.

The park is slated for a fourth-quarter delivery.​

REBUSINESS
Houston-The Woodlands-Sugar Land
Industrial
https://rebusinessonline.com/lovett-industrial-pccp-break-ground-on-785000-sf-spec-project-in-metro-houston/Read more at {Source}
Las Colinas entertainment complex getting major overhaulLas Colinas entertainment complex getting major overhaulhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306272024-02-19T06:00:00Z2024-02-29T19:00:00Z

IRVING – A Las Colinas entertainment complex will undergo $30 million in renovations starting next month.

The $180 million Toyota Music Factory between SH 114 and Las Colinas Blvd. has a movie theater, 4,000-seat indoor concert hall, 8,000-seat outdoor amphitheater, 206,756 sf of retail and restaurant space, and a 100,000-sf office building. 

The overhaul includes remodeling restaurant storefronts and patios. Work will be completed later this year.

The city-owned complex is operated by New York-based Brookfield. Arkansas-based Design & Construction Integration LLC is the renovations designer.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Retail
https://www.dallasnews.com/business/real-estate/2024/02/19/construction-to-start-soon-on-irving-music-factory-overhaul/Read more at {Source}
152-unit Oak Bend Place in Tomball sold152-unit Oak Bend Place in Tomball soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=305992024-02-14T06:00:00Z2024-02-29T17:00:00Z

TOMBALL – Alphil Investments has sold Oak Bend Place, a 152-unit apartment complex at 915 Baker Dr.

Built in 1984, the property has two-bedroom units ranging from 834 to 907 sf.

Amenities include a pool, pet play area, and outdoor grilling and dining stations.

Colliers represented the seller.​

REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
https://rebusinessonline.com/colliers-arranges-sale-of-152-unit-apartment-complex-in-metro-houston/Read more at {Source}
3,200-acre master-planned Fulshear community nears completion 3,200-acre master-planned Fulshear community nears completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306622024-02-26T06:00:00Z2024-02-29T17:00:00Z

FULSHEAR – Cross Creek Ranch, a 3,200-acre master-planned community, is approaching buildout as home sales begin in its final neighborhood, Legacy Ridge.

Highland Homes is preselling 39 homes in the eight-acre section on the community's southwest corner off Fulshear Bend Dr. Johnson Development expects to deliver the 40-ft lots by the end of the month.

Eight floor plans range from 1,582 to 2,815 sf and are priced starting in the upper $300,000s. The homes will have three to five bedrooms and two to four full baths.

Cross Creek Ranch is now about 200 homes from buildout with the final homes expected to be sold in the next 18 months. At that time, the community will have about 6,000 single-family and townhomes, and 1,600 apartment units.​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Housing
https://www.bizjournals.com/houston/news/2024/02/25/johnson-development-cross-creek-ranch-buildout.htmlRead more at {Source}
New Hotel Santa Rita could boost Midland economyNew Hotel Santa Rita could boost Midland economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306402024-02-21T06:00:00Z2024-02-29T00:00:00Z

MIDLAND – The city council has approved development of the $169 million Hotel Santa Rita, which will add 135 rooms, at least 8,000 sf of meeting space, ground-floor retail, and an 800-space parking garage to the city.​

The City of Midland will contribute property tax rebates and hotel occupancy tax rebates for ten years.

The hotel is expected to generate a $25.3 million tax benefit over the ten-year incentive period and over $67 million in tax benefits over 20 years for all taxing entities.​

Midland Times
Midland
Hotel
https://midlandtimes.com/stories/653896031-hotel-santa-rita-we-anticipate-this-hotel-serving-as-the-anchor-for-the-communityRead more at {Source}
Northwest Austin Highpoint 2222 campus to be move-in ready this yearNorthwest Austin Highpoint 2222 campus to be move-in ready this yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306742024-02-28T06:00:00Z2024-02-29T00:00:00Z

​​​​​​­­­­­­­­­­AUSTIN – Karlin Real Estate LLC is transforming the 156-acre, 1.1-million-sf campus formerly occupied by 3M into lab space for Austin's emerging life sciences industry.

The new campus, Highpoint 2222, is expected to be move-in ready later this year.

Part of the property is being turned into a 58,000-sf amenity hub with health and wellness uses and as food and beverage offerings. Plans also call for a 75,000-sf atrium with outdoor pavilions, courtyards, and games.

Leases at the campus start at 150,000 sf. Stream Realty Partners is handling leasing services.

Turner Construction Co. is the general contractor, Page is the architect, and Design Workshop is the landscape architect. Blum Engineering is the mechanical and electrical engineer, Walter P. Moore is the structural engineer, and Garza EMC is the civil engineer.​

Austin Business Journal
Austin-Round Rock
Office
https://www.bizjournals.com/austin/news/2024/02/27/first-look-highpoint-2222-karlin.htmlRead more at {Source}
Leander Tech Park to break ground by year-endLeander Tech Park to break ground by year-endhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306752024-02-28T06:00:00Z2024-02-29T00:00:00Z

LEANDER – St. John Properties Inc.'s 50-acre mixed-use project is slated to have 270,000 sf of flexible office space, along with pad sites for sale.

Leander Tech Park, at the southwest corner of West SH 29 and Ronald Reagan Blvd., will have eight single-story buildings starting at 31,560 sf, along with 18,850 sf of retail space within two inline buildings.

The company is also marketing three pad sites starting at 1.4 acres for potential restaurants, banks, or other standalone retail.

St. John aims to break ground on the first phase of the development, which consists of two buildings totaling nearly 90,000 sf, by the end of this year.

Delivery is expected in third quarter 2025.​

Austin Business Journal
Austin-Round Rock
Mixed-Use
https://www.bizjournals.com/austin/news/2024/02/27/st-john-properties-leander-tech-park-industrial.htmlRead more at {Source}
Concrete manufacturer HQ coming to KerrvilleConcrete manufacturer HQ coming to Kerrvillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306292024-02-19T06:00:00Z2024-02-28T23:00:00Z

KERRVILLE – Megaacrete, a joint venture between Litecrete and Aercon, has chosen Kerrville for its new $40 million, 120,000-sf U.S. headquarters. It will add 40 permanent jobs with salaries over $54,000.

The city is expecting a $58 million economic investment from Megaacrete. The company secured $1.2 million in incentives offered in the form of a land grant from Kerrville's Economic Improvement Corporation, with the city and Kerr County pledging an additional combined $1.7 million in incentives.

Megaacrete will produce autoclaved aerated concrete, a molded concrete product comprised mostly of air.

Method Architecture is the project's designer.​

San Antonio Business Journal
San Antonio-New Braunfels
Industrial
https://www.bizjournals.com/sanantonio/news/2024/02/14/concrete-manufacturer-kerrville-hq-joint-venture.htmlRead more at {Source}
Flexible office firm opening new location in DallasFlexible office firm opening new location in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306682024-02-26T06:00:00Z2024-02-28T22:00:00Z

DALLAS – Lucid Private Offices, a flexible office firm, is planning a new 30,000-sf location on the North Central Expy.,

The two-floor office will be in the 17-story 8080 North Central Expy. tower. It will open later this year.

Locally based Go Studio is designing the space.

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
https://www.dallasnews.com/business/real-estate/2024/02/26/shared-office-firm-plans-north-dallas-location/Read more at {Source}
Gov. Abbott: 'Hardworking Texans,' strategic economic development tools key to state's successGov. Abbott: 'Hardworking Texans,' strategic economic development tools key to state's successhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306842024-02-28T06:00:00Z2024-02-28T22:00:00Z

​​AUSTIN – ​​​The state's job growth is expected to surpass that of the United States as a whole, according to the Federal Reserve Bank of Dallas, despite jobless claims increasing.

In prepared remarks, Gov. Greg Abbott attributed Texas' economic success to "hardworking Texans" and strategic economic development tools.

He said, the state pursues international partnerships to bolster economic growth, exemplified by a new partnership with France.

“By signing this statement of intent," Abbott said, "it will encourage foreign business investment, promote economic development projects, and increase trade opportunities between Texas and France."

The state maintains its top business climate rating, although the economy shows some signs of slowing. Gas and petroleum wholesale, oil drilling, and gas extraction/petroleum refining are Texas’ largest industries based on revenue, according to IBISWorld.​

Business Facilities
Texas
Economy
https://businessfacilities.com/texas-lone-star-state-success-driven-by-hardworking-texansRead more at {Source}
70-acre Cypress mixed-use project breaks ground70-acre Cypress mixed-use project breaks groundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306782024-02-28T06:00:00Z2024-02-28T19:00:00Z

​CYPRESS – Howard Hughes Holdings Inc. has broken ground on Village Green at Bridgeland Central, a mixed-use project within the 11,500-acre Bridgeland master-planned community.

Although the development is slated to span 70 acres, the first phase will be on 23 acres.

Village Green will be anchored by an H-E-B grocery store with more than 100,000 sf. It's scheduled to open by the end of 2024.

Additionally, the mixed-u​se project will have more than 28,000 sf of retail and restaurant space slated to be complete in spring 2025.

The development will also have a 49,000-sf, three-story office building called One Bridgeland Green.​​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Mixed-Use
https://www.bizjournals.com/houston/news/2024/02/26/howard-hughes-village-green-at-bridgeland-central.htmlRead more at {Source}
70K-sf sports entertainment facility opens in Webster70K-sf sports entertainment facility opens in Websterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306362024-02-21T06:00:00Z2024-02-28T18:00:00Z

​WEBSTER – Chicken N Pickle, a 70,000-sf complex that combines a bar and restaurant with pickleball courts, has opened at 210 Blue Heron Dr.

The development is the first component of the 120-acre Flyway missed-use entertainment district to be delivered after starting construction a year ago.

The facility has seven distinct indoor and outdoor areas with seating and four bars on two floors along with six indoor and two covered outdoor pickleball courts, cornhole, life-size Battleship, table tennis, and other bar games.​​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Retail
https://www.bizjournals.com/houston/news/2024/02/20/chicken-n-pickle-pickleball-opens-webster-flyway.htmlRead more at {Source}
New commercial development in Georgetown due by summer 2025New commercial development in Georgetown due by summer 2025https://www.recenter.tamu.edu/news/newstalk-texas/?Item=306582024-02-26T06:00:00Z2024-02-28T00:00:00Z

​GEORGETOWN – A new commercial development has broken ground at 200 W. 6th St.

The 20,000-sf building will have three stories. The third-floor tenant will be Corridor Title, while Sneed, Vine & Perry P.C. will be the tenant for the second floor and half of the first floor. The remaining half of the first floor has not yet been leased.

Sixthriver Architects will design the project, Paradigm Commercial will provide contractor services, and financing will be provided by Frontier Bank of Texas.

The development is expected to be complete by spring or summer 2025.​

Community Impact Newspaper
Austin-Round Rock
Office
https://communityimpact.com/austin/georgetown/development/2024/02/22/new-commercial-development-breaks-ground-in-georgetown/Read more at {Source}
Outlets at Hillsboro facing redevelopmentOutlets at Hillsboro facing redevelopmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306342024-02-21T06:00:00Z2024-02-28T00:00:00Z

HILLSBORO – The once bustling 356,296-sf Outlets at Hillsboro, which once housed 100 stores but now only has two, is under new ownership with redevelopment on the horizon.

Glaser Retail Partners recently bought the mall from its original owner, Craig Realty Group of Newport Beach. Glaser's current plan requires the demolition of some sections of the Outlets and adding new retail space along a 300-ft stretch along I-35.

The city has agreed to pay $4.6 million to Glaser Retail Partners for two-thirds interest in the site.

Construction is expected to start by the end of the year.

Waco Tribune-Herald
Waco
Retail
https://wacotrib.com/news/local/business/city-of-hillsboro-dallas-developer-to-partner-in-hillsboro-outlet-mall-redevelopment/article_e5df49d0-ccf9-11ee-a07b-570593849be0.htmlRead more at {Source}
5.75-acres sold in Allen business park 5.75-acres sold in Allen business park https://www.recenter.tamu.edu/news/newstalk-texas/?Item=306382024-02-21T06:00:00Z2024-02-27T20:00:00Z

ALLEN – A Mexico-based nutritional products firm acquired 5.75 acres in Prodigy Park on SH 121.

Developer Omnilife will build a 76,300-sf speculative office and industrial building with construction beginning in 90 days. The building will be leased by Heady Investments.

5G Industrial is the project designer. Structure Tone is the general contractor.

The 14-acre business park is owned by Heady Investments and has another 80,000-sf Omnilife building in the works.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
https://www.dallasnews.com/business/real-estate/2024/02/20/international-nutrition-firm-expands-its-property-footprint-in-allen/Read more at {Source}
Nine acres in Dallas Medical District sold for mixed-use conversionNine acres in Dallas Medical District sold for mixed-use conversionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=306662024-02-26T06:00:00Z2024-02-27T19:00:00Z

DALLAS – A residential builder has purchased nine acres of former office space in the Southwestern Medical District.

Located at 1545 W. Mockingbird Ln., the office complex will be converted into mixed-use space with ground-floor retail and upper-floor apartments.

Larkspur Capital acquired the site from R2R Capital. The sale was brokered by Trinity Southwest.​

Dallas Morning News
Dallas-Fort Worth-Arlington
Mixed-Use
https://www.dallasnews.com/business/real-estate/2024/02/23/dallas-builder-takes-development-site-in-medical-district/Read more at {Source}

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