Cultural Tourism’s Role in Austin’s Real Estate Boom
Explore how Austin's vibrant arts scene fuels real estate demand, driving property values up and reshaping neighborhoods for buyers and investors.
Explore how Austin's vibrant arts scene fuels real estate demand, driving property values up and reshaping neighborhoods for buyers and investors.
Smart Austin Realty Group is pleased to share the news that Stream Realty Partners has begun the Buda Commerce Center, a 986,475-square-foot industrial project in Buda. The development will include five buildings on 70 acres, with buildings featuring 32- to 36-foot clear heights and dock-high loading doors. Four buildings will be rear-load and the fifth will be cross-dock. Construction is expected to begin in the fourth quarter of 2022, with completion slated for late 2023.
AUSTIN-ROUND ROCK HOUSING MARKET SEES MIXED RESULTS FOR JANUARY 2023, WITH EXISTING HOME SALES STRUGGLING AND NEW CONSTRUCTION SURGING CENTRAL TEXAS HOUSING REPORT As we begin the new year, the Austin-Round Rock housing market is showing a continued trend of...
Smart Austin Realty Group is pleased to report that Freehill Development Co. is making progress on an expansive industrial property located at 1310 Westinghouse Rd. in Georgetown, TX. The multi-building project will span 176,546 sq. feet and feature a variety of office, showroom, and warehouse spaces measuring from 4,500 to 55,750 sq. feet.
The property will boast state-of-the-art fire safety features like ESFR sprinklers, and will also offer generous amenities such as 18- to 28-ft clear heights, 290 parking spots, and 48 dock-high doors. Studio8 Architects is responsible for the project's design and Owrey Construction as the general contractor. Transwestern has been tapped to handle leasing.
Smart Austin Realty Group is pleased to share news that Jackson-Shaw has acquired 67 acres of land at the intersection of SH 130 and Elroy Road. The project will include four buildings with a total size of 602,400 square feet. The largest building will be 207,180 square feet and the smallest 80,365 square feet. Method Architecture is designing the facility and Burton Construction has been appointed as the general contractor. Aquila Commercial will be in charge of leasing. Construction is set to commence in March.
Smart Austin Realty Group is pleased to announce the sale of Franklin Park, a 76-unit assisted living and memory care community located at 4155 Teravista Club Dr. in Round Rock. Representing the seller, a partnership between Franklin Park Senior Living and an institutional investor, was Cushman & Wakefield. The buyer was Inspired Healthcare Capital. For more news related to senior living in the Austin area, please refer to the Texas Real Estate Research Center.
The LKQ Pick Your Part auto salvage yard at 7900 S. Congress Avenue in Austin, TX will be transformed into a vertical mixed-use development. This new project will include more than 1,200 multifamily units, 210,000 square feet of office space, and a 136,000-square-foot shopping center. Additionally, 10 percent of the apartments will be reserved for those earning no more than 80 percent of the area median income. This is an exciting development for the Austin area and is sure to bring a diverse range of new amenities to the local community.
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Construction is underway on a new 85,000-square-foot high school campus in Manor, Texas, part of the larger $174 million academic development initiative by the Manor Independent School District. The new campus is expected to be completed in time for the 2023-24 school year and will be able to accommodate approximately 800 students. The campus will feature a commons area, a buffet-style café, and a coffee shop. The opening of the new school campus is anticipated to have a positive impact on the local community and students.
Buying a home is one of the most significant financial investments you will make in your lifetime. It is a decision that requires careful consideration of all the costs involved, including the monthly mortgage payment. With mortgage rates having increased recently,...