El Paso engineering firm receives funding for expansionEl Paso engineering firm receives funding for expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299652023-09-28T05:00:00Z2023-09-29T22:00:00Z

EL PASO – The city has approved a $188,774 incentive agreement that will support the $4.4 million expansion of PROD Design and Analysis.

PROD plans to build out a 30,000-sf expansion to its existing building on Peter Cooper Dr.

As part of the performance-based agreement, the company will retain 110 jobs and create an additional 48 full-time jobs, primarily engineering positions with a median wage of about $27 per hour.​

El Paso
https://www.ktsm.com/news/city-announces-pact-to-expand-engineering-firm-spur-aerospace-sector-growth/Read more at {Source}
Evergen Equity purchases 211K-sf SA warehouseEvergen Equity purchases 211K-sf SA warehousehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299512023-09-27T05:00:00Z2023-09-29T21:00:00Z

SAN ANTONIO – Evergen Equity recently acquired a 211,000-sf warehouse at 5827 US 90.

The site was most recently assessed at $6 million, tax records show.

The building currently serves as the headquarters for local equipment rental company Flasher Equipment Co.

Evergen plans to renovate the 96,000 sf that Flasher does not occupy.

Stream Realty Partners brokered the deal and will handle leasing.​​​​​​​​​​​​​​​​

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/25/austin-investor-warehouse-acquisition.htmlRead more at {Source}
Bell County approves aquifer storage and recoveryBell County approves aquifer storage and recoveryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299632023-09-28T05:00:00Z2023-09-29T21:00:00Z

​FORT CAVAZOS – An aquifer storage and recovery project for Fort Cavazos got the go-ahead Wednesday after the Bell County Water Control and Improvement District No. 1 approved Intera Incorporated and Andrews and Foster of Athens for drilling services.

The well will be drilled around 1,000 ft deep. The water they are trying to access is the Lower Trinity, part of the Trinity Aquifer.

The project should provide four million gallons per day. The water will be used as emergency supply during summer peaks.

The installation's ASR system will be in Camp Arrowhead, south of N. Nolan Rd. near Belton Lake.

Drilling services for the project will cost around $480,000.​​​

Killeen Daily Herald
Infrastructure & Transportation
https://kdhnews.com/news/local/bell-county-water-board-moves-forward-with-fort-cavazos-aquifer-storage-and-recovery/article_41adaeea-5d89-11ee-be6a-9b77bd24610b.htmlRead more at {Source}
Villas Student Housing building another West Campus complexVillas Student Housing building another West Campus complexhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299442023-09-26T05:00:00Z2023-09-29T20:00:00Z

​AUSTIN – A new student housing project has broken ground at West 24th and Rio Grande streets, former site of Cain & Abel's. It will be the eighth installation of Villas Student Housing in the West Campus area.

The 30-story, 340,000-sf building includes two levels of below-grade parking, three levels of above-grade parking, and 25 levels of apartments. It also has an indoor/outdoor fitness center, pool, spa, and basketball court.

Rhode Partners architecture firm was hired to do the design.

The project is anticipated to be completed in summer of 2025.​

Connect CRE
Austin-Round Rock
https://www.connectcre.com/stories/30-story-student-housing-project-rising-on-site-of-iconic-austin-college-bar/Read more at {Source}
Arlington's Cooper Street Plaza soldArlington's Cooper Street Plaza soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299452023-09-26T05:00:00Z2023-09-29T20:00:00Z

ARLINGTON – A 91,856-sf shopping center was sold to a real estate investor with dozens of properties in Texas and Oklahoma.

Located at 4629 South Cooper St. off I-20, Cooper Street Plaza is 97 percent leased. Tenants include K&G Men's Co., Office Max, Black Rifle Coffee, UPS, State Farm Insurance, and Ninja Sushi. 

The buyer, Vista Property Co., also owns Vista Ridge Village in Lewisville and the South Frisco and Frisco Lakes shopping centers in Frisco. 

CBRE Group brokered the sale and marketed the property.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/26/arlingtons-cooper-street-plaza-shopping-center-sells-to-dallas-investor/Read more at {Source}
Uplands Corporate Center signs on new tenantUplands Corporate Center signs on new tenanthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299602023-09-28T05:00:00Z2023-09-29T20:00:00Z

​AUSTIN – CCRM Fertility has signed a 20,000-sf office lease at Uplands Corporate Center.

The space spans about half of the third floor of the 124,081-sf Uplands II building.

JLL represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, Drawbridge Realty.​

Austin-Round Rock
https://rebusinessonline.com/ccrm-fertility-signs-20000-sf-office-lease-at-uplands-corporate-center-in-southwest-austin/Read more at {Source}
Indiana-based investor buys 160K-sf Addison retail center Indiana-based investor buys 160K-sf Addison retail center https://www.recenter.tamu.edu/news/newstalk-texas/?Item=299562023-09-28T05:00:00Z2023-09-29T19:00:00Z

​​ADDISON – A retail center built in the 1980s just sold to an Indiana-based investor.

Located at Belt Line Rd. and Montfort Dr., the 160,000-sf Prestonwood Place is home to Chipotle, Pollo Tropical, Twin Peaks, Orange Theory Fitness, and office tenants. It is 94 percent leased.

Kite Realty Group Trust purchased the 16-acre property. The previous owner was a subsidiary of New York-based Northwood Investors.

JLL brokered the sale.​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/28/addison-shopping-center-snapped-up-by-indiana-investor/Read more at {Source}
Children's Safe Harbor getting new Conroe campusChildren's Safe Harbor getting new Conroe campushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299582023-09-28T05:00:00Z2023-09-29T19:00:00Z

​CONROE – Children's Safe Harbor will break ground on its new center at 3006 N. Loop 336 E. in November. Construction is expected to wrap up in 13 months.

The facility will be a safe haven and support center for abused children, their families, and the individuals working to protect them. It will focus on counseling, therapy, education and training.

Children's Safe Harbor set a goal of $15 million to fund the new campus. They were at the the halfway point when they received a $5 million donation from the state. In addition, The Woodforest Charitable Foundation committed $2.5 million for the naming rights of the new building in June 2022.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Public Facilities
https://communityimpact.com/houston/conroe-montgomery/development/2023/09/26/childrens-safe-harbor-announces-groundbreaking-for-new-permanent-home-in-conroe/Read more at {Source}
3,000-acre Magnolia master-planned community to add 232 homes3,000-acre Magnolia master-planned community to add 232 homeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299592023-10-04T05:00:00Z2023-09-29T19:00:00Z

MAGNOLIA – The 3,000-acre Audubon master-planned community will add 232 homes in its new Creekside South district, which is expected to break ground later this year.

The new district will have 97 45-ft homesites, 59 60-ft homesites for patio homes, and 44 80-ft lots.

Sitterle Homes and Newmark Homes will serve as builders for the project.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/tomball-magnolia/development/2023/09/26/audubon-community-to-add-232-more-homes-including-patio-homes-80-foot-lots/Read more at {Source}
50-acre Flower Mound mixed-use project to break ground next year50-acre Flower Mound mixed-use project to break ground next yearhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299362023-09-25T05:00:00Z2023-09-28T22:00:00Z

​​FLOWER MOUND – The first phase of a 50-acre mixed-use project near Grapevine Lake will break ground in January.

Located on FM 2499 at Lakeside Village Pkwy., the Silveron Park development will begin with a 64,350-sf, three-story office building designed by Alliance Architects that will include underground parking and open in 2024. 

The first phase will also have 200 apartments and 15,000 sf of retail and restaurant space.

The project is developed by a partnership between Thompson Realty Capital LLC and Canada-based Trez Capital.​

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/09/25/office-building-will-start-flower-mound-mixed-use-project-silveron-park/Read more at {Source}
Lake Travis High School to spend big bucks on extracurricular facility additionsLake Travis High School to spend big bucks on extracurricular facility additionshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299372023-09-25T05:00:00Z2023-09-28T22:00:00Z

LAKE TRAVIS – Claycomb Associate Architects have revealed their design for the new athletic and fine arts additions coming to Lake Travis High School.

The proposed 2,500-seat arena would hold over three times the number of people as the campus' existing round gym and have a 94-foot professional-level basketball court. There will be space for nearly 1,000 additional seats as well.

The arena will have a lobby with a spirit shop and seating area; press box; concession stand; locker rooms; weight rooms; coaching offices; dressing rooms; and extra storage spaces.

An 84-foot competition gym will connect to the fine arts practice areas and the new practice turf field. The new space would be next to the high school's performing arts center and annex.

The plan also includes four new art classrooms.

Voters approved $43 million for the gym and $15.3 million for the fine arts additions in elections last year.

The school district will break ground on the new facilities in 2024 and build more parking spaces by next school year.

The current timeline allows for another six months of work on the design phase, up to 12 months for permitting, and 18 months for construction.​

Community Impact Newspaper
Austin-Round Rock
https://communityimpact.com/austin/lake-travis-westlake/education/2023/09/22/lake-travis-high-school-design-shows-2500-seat-gym-fine-arts-additions/Read more at {Source}
Affordable housing finishes construction after three yearsAffordable housing finishes construction after three yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299542023-09-27T05:00:00Z2023-09-28T22:00:00Z

SAN MARCOS – Lantana Apartments, a housing development at 1041 Vervain Rd.​ that will provide income-based housing, is expected to be completed next month.

The city council approved a resolution for low-income housing tax credits with the Texas Department of Housing and Community Affairs, which gave Mortgage Co. LLC a $30 million Federal Housing Administration Construction Loan to build the project. The mortgage company partnered with Mission Development Group LLC on construction.

The complex, which will have eight buildings totaling 216 units, has a pickleball court, walking trails, pool, and a gym. It also has a demonstration kitchen and provides a food pantry and travel assistance for residents.

Community Impact Newspaper
San Antonio-New Braunfels
https://communityimpact.com/austin/san-marcos-buda-kyle/development/2023/09/26/lantana-apartments-to-offer-affordable-income-based-housing-in-san-marcos/Read more at {Source}
2,000-acre development spanning Mesquite and Grand Prairie approved2,000-acre development spanning Mesquite and Grand Prairie approvedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299552023-09-27T05:00:00Z2023-09-28T22:00:00Z

MIDLOTHIAN, GRAND PRAIRIE – Plans for a 2,000-acre residential community were approved with construction beginning in 2024.

Lakesong will have 5,000 homes, 330 acres of open spaces and parks, a 20-mile trail system, and the 100-acre Padera Lake. Fronting US 287 near US 67, the community will have apartments, townhomes, and 40-ft to 1/3-acre lots.

Developer Huffines Communities also developed Viridian in Arlington and the Providence in Providence Village, and is planning the 1,400-acre Solterra in Mesquite.​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2023/09/26/lakesong-midlothian-grand-prairie-huffines.htmlRead more at {Source}
Brodie Oaks Shopping Center in line for $1 billion makeoverBrodie Oaks Shopping Center in line for $1 billion makeoverhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299332023-09-25T05:00:00Z2023-09-28T21:00:00Z

AUSTIN – The city council has approved the $1 billion redevelopment of the Brodie Oaks Shopping Center at 4040 S. Lamar Blvd. The decades-old strip mall will be converted into retail, budget housing, and a park.

Developer Barshop & Oles says the redevelopment could include nearly 1.3 million sf of office space, 140,000 sf of retail space, 1,700 residential units, 13.7 acres of outdoor green space, and a 200-room hotel.

In response to concerns about potential environmental impacts due to impervious cover, District 5 Council Member Ryan Alter said the plan is more environmentally friendly than the current state of the strip mall because the asphalt that makes up the development allows for more runoff into Barton Creek.

Phase one construction is expected to begin in 2025 with an estimated completion in 2027.

Community Impact Newspaper
Austin-Round Rock
https://communityimpact.com/austin/southwest-austin-dripping-springs/development/2023/09/22/austin-city-council-greenlights-1b-brodie-oaks-redevelopment/Read more at {Source}
Avilla Berry Creek coming to GeorgetownAvilla Berry Creek coming to Georgetownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=298972023-09-19T05:00:00Z2023-09-28T20:00:00Z

GEORGETOWN – Mosaic and NexMetro Communities will build Avilla Berry Creek, a 224-unit build-to-rent residential community projected to cost $66 million.

The neighborhood will have one-, two-, and three-bedroom detached homes and duplexes that will start at 690 sf and include private backyards and front patios.

There will also be a pool, clubhouse, community garden, and dog park.

Completion is slated for summer 2025.​

Austin-Round Rock
https://rebusinessonline.com/mosaic-nexmetro-to-develop-224-unit-build-to-rent-residential-community-in-georgetown-texas/Read more at {Source}
Maddox Hills sold to Washington state investorsMaddox Hills sold to Washington state investorshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299502023-09-27T05:00:00Z2023-09-28T20:00:00Z

SAN ANTONIO – Maddox Hills apartment complex, located at 17927 Overlook Loop, has been sold to Washington-based real estate investor Timberlane Partners, marking the firm's first purchase in Texas.

The firm recently took out a $42.6 million loan from JPMorgan Chase, though sales price was not disclosed.

The 322-unit, 540,000-sf complex was built in 2021 and most recently assessed at $60 million. The property has one-, two-, and three-bedroom floor plans as well as townhome-style units.

CBRE marketed the property for the previous owner, OHT Partners.​

San Antonio Business Journal
San Antonio-New Braunfels
https://www.bizjournals.com/sanantonio/news/2023/09/26/washington-apartment-buyer.htmlRead more at {Source}
Spanish renewable energy manufacturer signs 166K-sf Houston warehouse leaseSpanish renewable energy manufacturer signs 166K-sf Houston warehouse leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299382023-09-26T05:00:00Z2023-09-28T19:00:00Z

​HOUSTON – Power Electronics USA has leased Airtex Commerce Center, a 166,250-sf distribution warehouse at 431 E. Airtex Rd.

The first part of the lease, for about 77,000 sf, has already started, while the lease for the remaining space of the facility starts in April.

Transwestern represented the property owner, Nuveen of New York City​, while Colliers represented the tenant.​

Houston Business Journal
Houston-The Woodlands-Sugar Land
https://www.bizjournals.com/houston/news/2023/09/22/power-electronics-houston-warehouse-lease.htmlRead more at {Source}
53-acre mixed-use development slated for Sugar Land53-acre mixed-use development slated for Sugar Landhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299132023-09-21T05:00:00Z2023-09-28T19:00:00Z

SUGAR LAND – Lake Pointe Plaza, a 53-acre mixed-use project at the intersection of I-69 and SH 6, is being developed by Planned Community Developers.

It will have waterfront activities, residential options, office spaces, medical and life sciences facilities, a hotel with a conference center, retail, restaurants, and entertainment venues.

Construction begins in third quarter 2024.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/sugar-land-missouri-city/development/2023/09/18/new-mixed-use-center-lake-pointe-plaza-planned-for-sugar-land/Read more at {Source}
95-room Coastal Bend hotel sold95-room Coastal Bend hotel soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=299412023-09-26T05:00:00Z2023-09-28T19:00:00Z

PORTLAND – Nova Portland Hotels LLC has acquired a 95-room hotel.

The hotel operates under the Avid Flag, which is part of the InterContinental Hotel Group family of brands.

Atlanta-based Bull Realty represented the seller.​ Bang Realty assisted in closing the deal.

Corpus Christi
https://rebusinessonline.com/bull-realty-arranges-sale-of-95-room-hotel-in-portland-texas/Read more at {Source}
Buda Gateway to break ground summer 2024Buda Gateway to break ground summer 2024https://www.recenter.tamu.edu/news/newstalk-texas/?Item=299482023-09-26T05:00:00Z2023-09-27T22:00:00Z

BUDA – Arenaman Development Company LLC has secured city council approval for an $80 million, 500,000-sf development called Buda Gateway. It will have five spec industrial warehouse buildings on 49 acres near the corner of Robert S. Light Blvd. and FM 967.

Construction is expected to start next summer and be complete in summer 2025.

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2023/09/22/buda-industrial-development-arenaman-austin.htmlRead more at {Source}

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