Real Estate

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.

Oni Studios, a $10 million, 30,000-square-foot production facility and content creation hub, announced its opening at 1220 Toro Grande Boulevard in Cedar Park. The facility features a large-set production facility, podcast studios, conference rooms, basketball court, workstations, kitchen, and lobby. The space is designed to be a comprehensive hub for content creation, allowing businesses to have a complete package of services and features all in one location. It provides a comprehensive approach to content creation and production, from pre-production to completion. With its state-of-the-art equipment and cutting-edge technology, Oni Studios is an ideal space for businesses to create quality content.