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First for take-off near Austin-Bergstrom? Residence InnFirst for take-off near Austin-Bergstrom? Residence Innhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15342015-03-10T09:31:00Z2015-03-09T00:00:00Z

AUSTIN - A new hotel is the first project to be developed on a 60-acre mixed-use project dubbed Airport Gateway near Austin-Bergstrom International Airport.

Construction will begin in second quarter 2015 on a Residence Inn at 7119 E. Ben White Blvd.

The hotel is the first project to be developed on a 60-acre mixed-use project called Airport Gateway near Austin-Bergstrom International Airport (ABIA). The developer is St. Croix Capital Corp, which has owned the property since 2007.

Eventually, the 60-acre development will have 40 acres of industrial space and 20 acres of retail space, a total value of roughly $90 million.

Dallas-based Bedford Lodging will be using 3.5 acres of that space to construct the 120-room Residence Inn. The developers also plan to develop another two hotels on the site.

The hotel, only two miles from ABIA, is on a plot of prime real estate. According to developers, it will be the first retail site motorists have access to once they exit the highway for the airport at Riverside Dr.

Austin Business Journal
Austin-Round Rock
Hotel
http://www.bizjournals.com/austin/blog/real-estate/2015/03/new-hotel-to-jump-start-mixed-use-development-near.htmlRead more at {Source}

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