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.
AUSTIN – Artificial intelligence solution developer DISCO has opened a 46,000-sf headquarters within the One Eleven Congress building downtown.
Forty percent of the company's 600 employees will occupy the space at 1 Congress Ave.
Atlanta-based Cousins Properties owns the building.
AUSTIN – The Geyser Group and The Sephira Group have broken ground on The Johnny, a multifamily complex at 613 W. St. John's Ave.
The property comprises 76 studio and one- and two-bedroom units. Sixteen are allocated for residents making less than 60 percent of the median area income.
Amenities include a fitness center and rooftop deck with outdoor kitchen.
Construction wraps in January 2023.
AUSTIN – AEW Capital Management LP has purchased the 164,976-sf Class-A office building at 1412 E. 5th St.
The building, Centro South, was 96 percent leased at the time of sale.
PGIM Real Estate provided the $77 million acquisition loan.
The developer, Riverside Resources, will continue to manage the property.
AUSTIN – Fairfield University's Marion Peckham Egan School of Nursing and Health Studies will expand to Austin if approved by the New England Commission of Higher Education.
JLL secured a ten-year, 23,040-sf lease at 7951 Shoal Creek Blvd. on Fairfield's behalf.
This is the Connecticut university's first expansion within the United States.
JLL represented the tenant. MFB Real Estate Services LLC represented the landlord, West Austin Holdings.
ROUND ROCK – Ohio-based Coastal Ridge Real Estate and Halstatt Real Estate Partners are developing a 20-acre build-to-rent residential community in the 1,200-acre Avery Center mixed-use development.
The property will have 225 one-, two-, and three-bedroom homes.
Amenities include a pool, clubhouse, walking trails, outdoor seating, and a fitness center.
Coastal Ridge will operate the community under its Stillwell brand. A groundbreaking ceremony is scheduled for July 19.
BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement.
Innovative Industrial Properties Inc. acquired the property for $12 million.
The 85,0000-sf industrial and hybrid greenhouse facility is currently under construction and will be completed in early 2023. Innovative Industrial is committing $10 million toward completion of the facility.
The complex comprises multiple buildings for cultivation, distribution, delivery, and logistics.
MANOR – Developer Butler Family Partnership Ltd. has begun securing approvals for Manor Crossing, which would bring 95 acres of living and shopping space to the city.
Located at the corner of US 290 and FM 973, the development will have 600 multifamily units and 425,000 sf of commercial space.
The project will be built in five phases. The first portion could open by July 2023 with the final portion opening in June 2025.
H-E-B has expressed interest in adding a store to Manor Crossing, but has not made a commitment at this time. This would be the first H-E-B in Manor.
AUSTIN –1 Hotels announced plans to open a luxury hotel within a 74-story tower being constructed at 98 Red River St. The hotel will consist of 251 rooms. The mixed-use tower will also house 352 apartments and 686,000 sf of office space. Dallas-based Lincoln...
AUSTIN – California-based Pacific Hospitality Group is renovating the 190,000-sf Hotel Granduca Austin.
Located at 320 S. Capital of Texas Hwy., additions coming to the 194-room hotel include a spa, redesigned signature restaurant, and renovated pool deck and lobby.
The project will wrap this fall.
