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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​​​Texas State adding additional on-campus housingSAN MARCOS – Austin-based American Campus Communities is developing a 2,100-bed student housing development on the Texas State University campus. 

The 700-bed first phase will be on the west side of campus. It will open for incoming freshman in the fall 2021 semester. 

An increase in student enrollment has led to the demand for more on-campus housing at Texas State.  

TexasLooking ​for more Austin-Round Rock​​​ multifamily news? The Real Estate Center's got you covered. 

Source: Austin Business Jou​rnal​​​​

​​​HEB is developing a new multilevel store in AustinAUSTIN – H-E-B is developing a 110,000-sf store on Lake Austin Blvd.

The multilevel store will include underground parking, a coffee shop, pharmacy, and barbecue restaurant. The store will also have a two-story porch overlooking Lake Austin.

Construction will start in October and wrap up in 2021.

San Antonio-based Lake Flato Architects is the designer. 

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​​Source: Austin American-Statesman​

​​​​WASHINGTON – Texas has taken a top spot on WalletHub's list of the most diverse states, trailing behind only California.

Ranking second overall, the Lone Star State also ranked:

  • first in industry diversity (includes civilian employed population aged 16 and older);

  • third in linguistic diversity;

  • fourth in both cultural and racial/ethnic diversity;

  • fifth in household-size diversity;

  • sixth in religious diversity;

  • 13th in both economic and socioeconomic diversity;

  • 14th in household diversity; and 

  • 21st in political diversity. 

Earlier this year, Houston was named the most diverse city in the U.S.

Hawaii, New Jersey, and New York rounded out the top five rankings. West Virginia is the least diverse state. 

WalletHub compared the 50 states across six key dimensions: socioeconomic, cultural, economic, household, religious, and political diversity. 

Texas logoGet more Texas economic news on the Real Estate Center's website:

​​Source: WalletHub

​​​HOUSTON – United Airlines is nearing the completion of its $162 million maintenance facility at 4933 Wright Rd.​

The city recently issued a $3.2 million permit to Manhattan Construction Co. for the project, which ultimately will add about 200,000 sf of hangar capacity to United’s maintenance operations. 

Additionally, the facility will add a warehouse distribution center, technical services, and administrative offices.

The first two phases of the project are scheduled to be completed later this year.​

Phase one includes the 185,850-sf Hangar X, which will be used for aircraft maintenance. It will accommodate two wide-body planes as well as a narrow-body aircraft.

Phase two includes renovations to an existing storage facility used by United’s line maintenance and base maintenance operations.

Phase three, which is scheduled to deliver in first quarter 2020, is focused on renovating another maintenance hangar and incorporating it into two adjacent hangars.

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​​Source: Houston Business Journal