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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

​​View of one of the buildings at The View at Cedar ParkCEDAR PARK – The View at Cedar Park Town Center at 1430 Main St. has been sold.

Built in 2017, the 166-unit property offers studio and one- and two-bedroom floor plans. Rents range from $1,099 to $1,699 per month.

Amenities include a pool, fitness center, pet park, and business center.

FourPoint Investment Sales Partners brokered the sale.

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​​​​​​Vacant lot across from the Virgin Hotels Dallas building in the Design DistrictDALLAS – Urby has purchased a vacant four-acre block on Hi Line Dr. ​to build a high-rise residential building.

The New Jersey developer purchased the property from Fairfield Residential, which had previously planned an apartment tower for the site.

Phase one of the two-tower development will deliver 381 units.

Construction will start in March 2020 and take 26 months to complete.

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Source: Dallas Morning News​

​​​​​​​​​Rendering of the Lone Star Self Storage building DALLAS – Central Southwest Texas Development LLC is building a 141,950-sf self-storage center at 2500 Lone Star Dr.

The three-story building will offer 1,255 climate-controlled rental units on a 2.4-acre Opportunity Zone site.

JLL arranged $7.5 million in construction loans for the complex and brokered the land sale.

The property was purchased from the SPCA of Texas.​​​

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Location of Austin Green, a 2.1K-acre residential and commercial developmentAUSTIN – GroundWork is developing Austin Green, a 2,100-acre residential and commercial development along SH 130 from the Colorado River to FM 969.

The development calls for 12,000 residential units, 2.25 million sf of commercial space, and a three-acre fire station.

Construction will begin in 2021.​

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​​Source: Austin ​Business Journal​

​​Location where Manifold is planning to build a 42-story office building AUSTIN – Manifold Real Estate is developing a 42-story office building on half a block west of the Austin Convention Center.

The 735,541-sf development calls for three levels of underground parking,​​​ 19 stories of above-ground parking, 23 stories of office space, and a rooftop terrace.

Before building the 613-ft tower, Manifold will demolish a half-block of low-rise buildings that include restaurants such as P.F. Chang's, Fleming's Prime Steakhouse, and Café Blue.

The site, which is leased to Manifold, is owned by developer Sandy Gottesman and partners.

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