Elon Musk has partnered with Lennar to build a 110-home subdivision in Bastrop, Texas, close to his Boring Company operations and SpaceX facility. The homes, which may be 3D-printed, will be on streets referencing tunnel-boring technology and marketed as workforce...
An auto salvage yard at 7900 S. Congress Ave. in Austin is set to become a vertical mixed-use development, according to the Texas Real Estate Research Center. The development 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 in the development will be made available for tenants who are earning no more than 80 percent of the area median income. The Texas Real Estate Research Center provides news updates on mixed-use developments in the Austin area, as well as retail, multifamily, and office news.
Construction has begun on a new 85,000-square-foot high school campus in Manor Independent School District (ISD). The campus will provide learning space for approximately 800 students and feature a commons area, buffet-style café, and coffee shop. This project is part of a larger $174 million academic development initiative and is expected to be finished in time for the 2023-24 school year. This is a major step forward in providing quality education options to the Manor ISD community.
Cambria Hotels has opened the Cambria Hotel Austin Uptown Near the Domain, a five-story hotel boasting 135 rooms. With this addition, guests are able to enjoy a wide range of amenities, such as an outdoor pool and sundeck, fitness center, and over 5,500-square feet of multifunction meeting and event spaces, plus multipurpose indoor and outdoor areas. There is also on-site dining, with Uptown Kitchen & Cocktails, available for those looking for a delicious meal. MoPac Hotel Development was the builder of the hotel, which is the second of three planned Cambria properties in the Austin area. The first is the Cambria Hotel Austin Airport, followed by this one, and there will soon be a third – the Cambria Hotel Austin Downtown. For more Austin hotel news, be sure to visit the Texas Real Estate Research Center’s website.
Recently, two apartment communities in Pflugerville, Texas have been sold to TerraCap Management. The Dalton and The Beacon, which were both constructed in 2021 and 2022, respectively, feature 350 and 258 units each. These units offer one, two, and three bedroom housing options and come with a number of amenities, such as pools, fitness centers, dog parks, residence lounges, and outdoor grilling and dining areas. The properties were developed by Trez Capital in partnership with Thompson Realty Capital.
For more news on the Texas real estate market and Texas Quarterly Apartment Report, visit Dala Communications online.
Del Valle Independent School District has recently acquired 149 acres of land in the Whisper Valley area for over $25 million. The district is planning to construct a high school, middle school, and elementary school across the two parcels. Surveying of the sites is currently in progress and the construction of the high school is anticipated to begin later this year. Austin-area education news is available online from the Texas Real Estate Research Center.