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NewsMay 3, 2024

Construction & Real Estate Update for May 03 2024

Dive into the latest Austin real estate developments, from major construction projects shaping the city's skyline, including medical office renovations and new educational facilities, to the buzzworthy news affecting local real estate trends and investment opportunities. Explore the permits that pro

Construction & Real Estate Update for May 03 2024

๐ŸŒž๐ŸŒต Friday, May 03, 2024 โ€“ Austin Real Estate Rodeo: Saddle Up for Today’s Market Gallop! ๐Ÿกโœจ

Yeehaw, Austin! It’s your favorite real estate wrangler from Austin Local Team, here to lasso you the latest and greatest from our city’s bustling construction and real estate roundup. So, dust off your boots, grab a breakfast taco, and let’s dive into the heart of Austin’s real estate roundup. ๐ŸŒฎ๐Ÿด

๐Ÿšง Today’s Construction Corral: Hot Off the Press Permits ๐Ÿ› ๏ธ

While some might say construction is just noise and dust, we see it as the melody of progress and the sparkle of potential. Let’s check out the permits that are shaping our skyline:

Travis County Impactful Permits Summary

Urology Austin – Atrium IR Center

  • Facility Name: The Atrium Office Centre
  • Location Address: 8701 N. Mopac Expy, Suite 100, Austin, TX 78759
  • Start Date: 05/07/2024
  • Completion Date: 08/22/2024
  • Estimated Cost: $1,600,000.00
  • Square Footage: 8,810
  • Type of Work: New Construction
  • Type of Funds: Privately funded, on private land for private use.
  • Scope of Work: 8810 SF Medical Office Remodel
  • Owner Name: 8701 Mopac Atrium, LLC
  • Design Firm: Barnes Gromatzky Kosarek Architects
  • Link: TABS2024017564

UT TNH CLASSROOM RENOVATION

  • Facility Name: UNIVERSITY OF TEXAS SCHOOL OF LAW – TOWNES HALL
  • Location Address: 727 EAST DEAN KEETON STREET Suite 320, Austin, TX 78705
  • Start Date: 05/05/2024
  • Completion Date: 09/01/2024
  • Estimated Cost: $3,442,000.00
  • Square Footage: 7,475
  • Type of Work: Renovation/Alteration
  • Type of Funds: Involves public funds, public land, or is a Federally funded roadway project.
  • Scope of Work: INTERIOR RENOVATION OF 4 CLASSROOMS AND THE ASSOCIATED CORRIDOR CONNECTING THESE SPACES.
  • Owner Name: THE UNIVERSITY OF TEXAS AT AUSTIN
  • Design Firm: D4 Design Group
  • Link: TABS2024017559

Revelus

  • Facility Name: 4401 Westgate Blvd.
  • Location Address: 4401 Westgate Blvd., Ste. 120, Austin, TX 78745
  • Start Date: 05/31/2024
  • Completion Date: 12/30/2024
  • Estimated Cost: $12,000,000.00
  • Square Footage: 7,500
  • Type of Work: Renovation/Alteration
  • Type of Funds: Privately funded, on private land for private use.
  • Scope of Work: 7500SF medical office interior renovation
  • Owner Name: 4401 Westgate Ltd.
  • Design Firm: FRAMEWORK ARCHITECTS
  • Link: TABS2024017607

Williamson County Impactful Permits Summary

Tim Hortons – Georgetown, TX

  • Facility Name: Tim Hortons
  • Location Address: 3900 Williams Drive, Georgetown, TX 78628
  • Start Date: 08/31/2024
  • Completion Date: 11/30/2024
  • Estimated Cost: $1,300,000.00
  • Square Footage: 1,600
  • Type of Work: New Construction
  • Type of Funds: Privately funded, on private land for private use.
  • Scope of Work: Construction of a new 1,600 sf Tim Hortons Coffee Shop & Bakery, including parking, sidewalk, and utilities.
  • Owner Name: TexBrew Investments, LLC
  • Design Firm: ms consultants.inc
  • Link: TABS2024017551

๐Ÿ“ฐ Hot Off the Press: Austin’s Real Estate News Roundup ๐Ÿ—ž๏ธ

Now, let’s mosey on over to the latest buzz shaking up the Austin real estate scene:

  • Exit and Build Land Summit 4 in Bastrop, TX & Six Austin Neighborhoods Could Vote to Leave the City: Major moves are afoot, y’all! Read More, And Here
  • Green Brick Partners, Inc. (GRBK) Q1 2024 Earnings Call: Big bucks and even bigger dreams. Dig In
  • Housing Market Sees Trend Not Witnessed in Two Years: A twist in the tale for Austin homes. Check It Out
  • New York Offers the Worst Cost-of-Living Tradeoff: But guess who’s living large and in charge? Austin, baby! Peek Here
  • Genslerโ€™s City Pulse Report Indicates the Revival of Urban Living: Urban cowboys and cowgirls, this one’s for you. Explore Now
  • Real Estate Map Shows Where It’s Cheaper to Rent Than Buy: Spoiler alert: Austin’s on the map. Find Out Where
  • Podcast Transcript 481: Money talks, especially in real estate. Listen In

๐Ÿ“ฃ Ad Break: Let’s Keep Austin Weird (And Well-Informed)! ๐ŸŒˆ๐Ÿฆ‰

Navigating the ever-changing landscape of Austin real estate might seem more challenging than deciding on the best BBQ joint in town. But fear not! Austin Local Team is here to guide you through every twist and turn. Whether you’re looking to buy your first home, invest in a hip new condo, or sell your piece of Austin paradise, we’re your go-to experts. Discover More

๐ŸŒฎ๐Ÿ“ Ready to Make a Move? Austin Local Team’s Gotcha Covered! ๐Ÿก๐Ÿ’ฅ

Can’t wait to dive into the Austin real estate market? Whether you’re a first-time homebuyer or a seasoned investor, Austin Local Team is here to steer you in the right direction. Fill out our form today, and let’s start this real estate rodeo, partner! ๐Ÿค ๐Ÿ’ผ

Until next time, keep those spurs shiny and your real estate dreams big. We’re here to make sure you land your dream home in the heart of Texas. Stay tuned for more ATX real estate news and nuggets of wisdom from your pals at Austin Local Team. Y’all come back now, ya hear? ๐ŸŒŸ๐Ÿก

KeepAustinInformed #SmartAustinRealty #ATXRealEstateRodeo