Cedar Park: 100-acre Presidio hunkers down for first phase

​CEDAR PARK – Austin-based developer Riverside Resources has
started the first phase of a project in Cedar Park that will have lofts,
offices, shops, restaurants and a hotel on 100 acres on Parmer Lane south of RM
1431.

Called Presidio, the first phase will have 74,000 sf of
office space, a 100-room hotel, 320 lofts and 21,000 sf of retail and
restaurant space.

The project is being designed to bring a more urban,
walkable development to Parmer Lane and Cedar Park, with amenities including a
trail system, a park, local restaurants and a food trailer court.

The initial phase spans 26 acres off Parmer Lane and Ranch
Trails Court, west of the Brushy Creek subdivision.

The remaining 74 acres are on the other side of Ranch Trails
Court, running north and west along Parmer Lane backing up to Brushy Creek. The
project will be developed in phases, timed to market demand.

The first-phase office space will be in two buildings, one
with 24,000 sf and the other with 50,000 sf.

American Constructors will lease 12,000 sf in the smaller
building, where it will relocate the regional administration operations of its
general contractor and equipment rental services. American Constructors has
said it will create 75 jobs with an average salary of $80,000 a year.

In addition to the office buildings, Riverside Resources is
moving ahead with other components of the first phase, including restaurant and
retail space.

The NRP Group LLC, based in Ohio, will build the
lofts.