First for take-off near Austin-Bergstrom? Residence Inn

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.