Central Health acquires a 116,000-sqft office complex at Cameron Rd, Austin, to house clinics, pharmacies, detox centers, and respite care beds for the homeless.
ROUND ROCK – The Medve Group has acquired Parkwood Terrace, a 144-unit
multifamily complex at 1201 E. Old Settlers Blvd.
Parkwood Terrace has one-, two-, and three-bedroom units ranging from 777 to
1,300 sf.
Amenities include a business center, fitness center, clubhouse, and pool.
Institutional Property Advisors represented the seller, Langdon Street
Capital, and procured the buyer.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [REJournals](https://rejournals.com/institutional-property-advisors-
brokers-multifamily-sale-outside-of-austin/)
AUSTIN – Legend Communities has broken ground on the first phase of The
Square at Lohmans, a mixed-use development at 1931 Lohmans Crossing.
The project will have residential office, retail, restaurant, and hotel
space.
Residential offerings will include 150 homes of various offerings and 210 age-
restricted multifamily units.
Construction will take five years.
Brigance & Doering Inc. is the civil engineer.
AUSTIN – Big V Property Group has acquired Southpark Meadows I & II, a
938,103-sf shopping center at 9600 S. I-35.
The center was 95 percent leased at the time of sale.
Tenants include Target, HomeGoods, Marshalls, Ross, Hobby Lobby, Burlington,
Dave and Busters, Pluckers, Five Below, and Rooms to Go.
JLL Capital Markets brokered the deal.
KYLE – Builders FirstSource Inc. is developing Project Shamrock, a
47,000-sf office and warehouse project.
The $16 million development will be on 14 acres along I-35.
Construction begins early next year and will wrap in July 2023.
AUSTIN – High Street Residential, MSD Partners, and River Street Partners
have broken ground on 700 River, a 43-story, 377-unit residential tower.
The 400,000-sf building at the intersection of River St. and Rainey St. will
include 3,400 sf of ground-level retail and 30,000 sf of amenity space.
HKS is the architect. DPR Construction is the general contractor.
Completion is slated for the end of 2024.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source:[ Connect CRE](https://www.connectcre.com/stories/high-street-
residential-starts-work-on-43-story-austin-high-rise/)
SAN MARCOS – Belvoir Real Estate has purchased Interstate Business Park, a
124,032-sf industrial facility at 1942 S. I-35.
The facility has 16-ft clear heights, 11 dock doors, 147-ft truck depths,
and 65 parking spaces.
JLL represented the seller, Live Oak.
Tenants in the fully leased building include Alliance LLC, Premier Triangle
LLC, and CoTechno Group Inc.
CEDAR PARK – Work will begin early next year on a public library in the
Bell District.
The library will have a classroom, teen area, adult quiet space, multipurpose
room, reading room, low-tech maker space, high-tech maker space, and group
study rooms.
Lake Flato Architects is the project developer.
Opening is set for fall 2024.
AUSTIN – Mobile Loaves & Fishes has started on a 127-acre expansion to its
Community First! Village at 9301 Hog Eye Rd.
The expansion will add 1,400 homes to the master-planned community.
Move-ins will begin in 2025.
Community First! Village currently houses nearly 400 residents, most of whom
were previously homeless.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* _[Texas Housing Insight](https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight)_
* [Austin-area housing news](https://txrec.io/2NGNqq4)
* [Home Price Index](https://www.recenter.tamu.edu/data/home-price-index/)
* [Central Texas housing reports](https://www.recenter.tamu.edu/research/housing-reports/#%21/MSA/Austin-Round_Rock)
Source: _[Community Impact
Newspaper](https://communityimpact.com/austin/central-
austin/development/2022/10/26/community-first-village-marks-groundbreaking-
on-1400-home-expansion-for-formerly-homeless-residents/)_
AUSTIN – The NRP Group has broken ground on The Bridge at Estancia, a
318-unit multifamily complex at 820 Camino Vaquero Pkwy.
The $70 million project will have one- to four-bedroom floor plans. All units
are reserved for residents earning less than 60 percent of the area median
income.
Amenities will include a resort-style pool, community lounge, fitness and
business centers, BBQ pits, and a playground.
The first units will be available in summer 2023.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [Connect CRE](https://www.connectcre.com/stories/affordable-housing-
project-coming-to-sw-austin/)