{{titleBar.title}}

​AUSTIN – A land swap that would bring dozens of acres of new parkland to the city's east side is set to move ahead more than two years after voters first authorized the exchange.

The Austin Parks and Recreation Department's nine-acre Central Maintenance Complex at 2525 S. Lakeshore Blvd. would be exchanged for about 50 acres to be converted into parkland near US 183.

The civic land deal is lined up with Austin-based tech company Oracle.

A replacement maintenance complex is underway at Bolm District Park, as well as the restoration of a maintenance area at Fiesta Gardens on Lady Bird Lake.

The replacement facility, to be provided by Oracle, could have more than 68,000 sf of storage and workspaces, a nearly 20,000-sf administration building, and an eight-acre fueling center.

The land was most recently appraised at $1.56 million, and Oracle will pay at least $23.5 million for design and construction of the replacement, plus $1 million for the Fiesta Gardens project.

​AUSTIN – NXP Semiconductors NV is seeking more than $1 million in tax refunds from the state as the chipmaker plans to invest millions into its Austin facilities.​​​​

The city council nominated NXP USA Inc., a subsidiary of the Netherlands-based NXP, for the state's Texas Enterprise Zone progra​​​​​​m.​​​

NXP plans to spend $291 million to replace production lines at their 3949 Ed Bluestein Blvd. a​nd 6501 W. William Cannon Dr. factories. The improvement plan includes the creation of 53 jobs.

If approved by the Texas Governor's Office, the company would be eligible for up to $2,500 per job created or retained, with a total reimbursement of state sales and use tax of up to $1.25 million over five years.

​​SAN ANTONIO – Southwest Research Institute has been awarded $8.9 million for a contract with the United States Department of Defense to develop cyber technologies for use in tactical operations.

The base contract is for 20 months with an 18-month extension option. The option would bring the contract's value to an estimated $16.6 million. 

At the time of the award, almost $1.5 million will be set aside for research, development, test, and evaluation services for fiscal years 2023 and 2024.

Eighty percent of the work will be performed in San Antonio.

SAN ANTONIO – The city will receive more than $15.8 million in funding through TxDOT's Transportation Alternatives Set-Aside grant to develop new bicycle lanes in the heart of the city.

The project will include the construction of one mile of two-way bike lanes from Flores St. to I-37. 

The new divided lanes will travel a route that includes Dolorosa, Market, Alamo and Commerce streets. It will also include upgraded traffic signals and signage, as well as new bicycle and pedestrian safety lighting.

Construction is slated to begin in fiscal year 2026.​

​​DALLAS – A Boston-based investor acquired 1.2 million sf of industrial buildings across the city.

The more than half a dozen locations include a 600,000-sf building on French Settlement Rd.

Rockport Group LLC purchased the warehouses from Dogwood Industrial, a subsidiary of TPG Real Estate Partners.

Rockport owns 37.4 million sf nationwide, including in Austin, Boston, New York, San Francisco, South Florida, Southern California, and Washington DC, totaling $15 billion.

MESQUITE – A 38-acre industrial park that has just been completed off I-635 and US 80 will create 600 jobs for the area.

The three-building, 555,760-sf Mesquite 635 has 32-ft clear heights, 110 trailer space, 116 dock doors, and office space. 

Frito-Lay North America Inc. occupies 55,000 sf while General Dynamics Ordnance and Tactical Systems Inc. occupies the remaining space.

Arizona-based LGE Design Build, Creation Equity, and Crow Holdings partnered on the project. Stream Realty managed leasing.​

CYPRESS – Trademark Property Co. has purchased 37 acres in the Dunham Pointe master-planned development for a mixed-use project.

Preliminary plans for 225,000-sf of retail, restaurant and entertainment space and 500 apartments.

Trademark will begin construction in second quarter 2025 and open the development in late 2026 or early 2027.​

HOUSTON – An 84,000-sf office building on eight acres at 509 N. Sam Houston Pkwy. E has been sold.

The six-story building was constructed in 1984 and renovated in 2021.

Fritsche Anderson Realty Partners represented the buyer in the transaction.​​

​HOUSTON – A New Jersey-based automotive parts distributor has preleased all of Vault Distribution Center, a 185,413-sf industrial building.

The standalone, rear-loaded warehouse sits on 12 acres and has 32-ft clear heights, 137 surface parking spaces, 23 trailer parking stalls, 34 loading docks, two drive-in doors,​ and ESFR sprinkler system.

The center is slated to be completed before the end of the year.

Stream Realty Partners represented the landlord, Vault Partners, in lease negotiations.​

​​​ROUND ROCK – Austin-based credit union Amplify Credit Union has announced the completion of Mustard Seed Village, a tiny home community offering affordable housing options.

Mustard Seed Village has 28 two-bed, one-bath units. Rent is capped at $1,375 a month.

Along with having a shared laundry space, outdoor fire pit, and dog park, a girls group home is in the center of the community that incorporates Teen Challenge, a one-year program to integrate the girls with the rest of the tiny home residents.

Construction took six months. All rentals are currently occupied. 

​

SAN ANTONIO – Denver-based H5 Data Centers is expanding its San Antonio campus at 100 Taylor St.

The expansion will add turnkey colocation space that can support an additional 340 cabinets and up to 1.5 megawatts of additional power capacity. 

The campus currently consists of two buildings totaling 85,000 sf.​

GEORGETOWN – Jackson-Shaw Development is nearing completion of phase one of its 488,000-sf Crosspoint Business District industrial project.

The first phase consists of three buildings across 61.7 acres. Onyx Homes preleased all 204,000 sf of Building 1 and plans to take occupancy in December. Grander Distributing has signed for 41,950 sf in Building 3.

Powers Brown designed the project, and Joeris served as the general contractor.​

MESQUITE – A new business park is opening to tenants after completing the 1.8 million-sf first phase of construction.

20 East at Trinity point is on 192 acres at 12955 FM 2932. Its first three buildings range from 294,063 to one million sf with 36- to 40-ft clear heights and cross-dock loading configurations.​

Phase two will have three speculative buildings totaling 1.6 million sf on 92 acres with heavy trailer storage and car parking.

Stream Realty Partners is the developer and owner of the business park and will lease and manage the property.​

​​PLANO – Construction has completed on the 363-unit Legacy Square apartment complex at 2100 Legacy Dr.

Legacy Square has one-, two-, and three-bedroom layouts with private balconies and yards in select units, as well as a pool, fitness center, outdoor grilling and dining areas, playground, cyberlounge, business center, and clubroom. 

Monthly rent starts at $1,665.

Trammell Crow Co. was the developer. Design work was handled by GFF with interiors done by Britt Design Group. ​

​AUSTIN – Hunt Capital Partners has provided $16.5 million in federal Low-Income Housing Tax Credit equity for the development of Cady Lofts, a 100-unit affordable-​housing project.

Cady Lofts will have studio apartments for renters earning 30 to 60 percent of the AMI and who are homeless or have physical/developmental disabilities.

Amenities include a communal computer lab, health and wellness center, case management offices, and central laundry facilities.

The project is a partnership between developer SGI Ventures and the Housing Authority of the City of Austin.

Three Bar Architects Inc. is designing the project. Skybeck Construction is the primary contractor.

Completion is slated for March 2025.​

LEANDER – A new apartment complex in Crystal Village called The Evergrove is expected to be completed in fall 2024.

The complex is on 15 acres and will have three buildings totaling just under 350 units.

Crystal Village is a 65-acre mixed-use development on the southeast corner of 183A Toll and E. Crystal Falls Pkwy.

The development will have parkland, biking and walking trails, restaurant, retail, office, and medical space after buildout.

Approximately 24 out of the 65 acres have been claimed for development at Crystal Village. However, a representative of Koniag Real Estate, the project's developer, anticipates the development to be fully completed in roughly five years.

DALLAS – A 17-story luxury condominium broke ground in Turtle Creek and will open in 24 months.

Rosewood Residences Turtle Creek will have 46 $3 million condominiums, rooftop swimming pool and lounge, landscaped garden, fitness center, library, private dining room, dog park, and ground-floor lounge.

The Rosewood Hotel Group partnered with One Turtle Creek on the project. Chicago-based Lucien Lagrange and New York-based Dan Fink Studios are partnering as the project designers. Sotheby's International is managing sales.​

KAUFMAN – The Kaufman Economic Development Corp. (KEDC) added 100 acres to its 45-acre industrial business park on US 175.

The business park will have 1.2 million sf of industrial space with $340 million in private capital investment.

The KEDC purchased the land from Trinity Valley Community College Foundation, who has owned the property since 2019. 

The KEDC will provide funds to renovate the campus for workforce and corporate training.​

​​​KINGWOOD – The Shoppes at Kingsgate, a 156,343-sf retail center at the intersection of Kingwood Dr. and Chestnut Ridge Rd., has sold.

Built in 1980 and renovated in 2013, the retail center consists of multiple buildings on a 15-acre parcel.

The development was 95 percent occupied at the time of sale.

Marcus & Millichap represented the seller in the transaction.​

​​​FULSHEAR – SurePoint Development has agreed to acquire a 651-unit facility that is under construction at the intersection of Texas Heritage Pkwy. and FM 1093.

The single-story facility will span 83,000 net rentable sf of predominantly climate-controlled space.

Completion is slated for next spring.​