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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

​​​Rendering of the movie theater with a dark blue back drop.LEAGUE CITY – Alamo Drafthouse Cinema will open a ten-screen movie theater within the Victory Lakes shopping center at the northeast corner of I-45 and FM 646. 

The theater will feature oversized recliners, in-theater dining service, and a standalone lobby bar with more than 40 local and regional craft beers.

Triple Tap Ventures LLC will start work on the project late this year. 

Texas logoGet more Houston-area news on the Real Estate Center's website:

​Source: REBusiness Online​

​​​Rendering of the 45-acre site from an aerial view.​HOUSTON – Dallas-based Jackson-Shaw is building ​a 476,640-sf, four-building industrial business park at the intersection of FM 1960 and Bobcat Rd.

Dubbed Nexus Park NorthWest, the 45-acre project can accommodate tenants looking to occupy between 15,000 and​ 200,000 sf. 

Construction will start in March with completion slated for December.

Burton Construction is the general contractor, and Powers Brown is the architect. Cushman & Wakefield is handling leasing.

Diamond Realty Investments Inc. is an equity partner. 

Texas logoGet more Houston-area office news on the Real Estate Center's website:

​Source: Houston Business Journal​

​​​​​Rendering of the mixed-use development. CONROE – The Woodlands-based Marcel Group will break ground this March on Marcel Boulevard, a mixed-use development at 11322 I-45 S.

The 10.5-acre project in the Grand Central Park master-planned community will include 68,160 sf of restaurant and retail space, 32,400 sf of office space, and a ground-level special event/entertainment area.

Marcel will handle construction. Gensler is the architect. 

Tenants will start occupying the space in​​​ summer 2021.

Houston-based Johnson Development Corp. is developing Grand Central Park on the Boy Scouts' former Camp Strake site.

Urban TowersIRVING – Parallel Capital Partners has signed three new tenants, bringing its Urban Towers to 85 percent occupancy.

Informa, Teknion Data Solutions, and Abeam Consulting will occupy 23,354 sf, 17,229 sf, and 10,656 sf, respectively.

Terremark renewed its contract for 22,172 sf.

Combined, the leases are valued at more than $20 million.

The two-building property is on 11.2 acres at 222 W. Las Colinas Blvd.

Texas logoThe Real Estate Center has more on DFW's office market:

Source: Connect Media​

Bishop HighlineDALLAS – Exxir has purchased Bishop Highline, a 118-unit apartment complex in the Bishop Arts District. 

Built in 2018, the asset at 305 and 431 Melba St. has studio and one-bedroom layouts.

The development includes the neighborhood's first live theater and walkability to dining, shopping, and entertainment options.

CBRE represented the seller, Urban Genesis.

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: Connect Media​