As a leading consultant to new housing communities, Yee-Haw Development Marketing Group has a wealth of knowledge in taking a project from acquisition to sell out. This article will take you through the entire project lifecycle, including the key steps and...
Welcome news for Central Texas! Apple Inc. is investing an additional $100 million into their Austin campus, according to the Austin Business Journal. This investment is a major boost for the real estate sector in Central Texas, especially during a time when recession fears are looming and many tech employers are scaling back their presence in the area. Facebook, for example, has backed out of their plans to occupy Austin’s next tallest skyscraper. Additionally, Amazon.com Inc. and Google Inc. are both facing layoffs.
At Yee-Haw Development Marketing Group, we understand the importance of these investments for Central Texas. We help housing developers in the area market and sell new housing developments. We are thrilled to hear of Apple’s commitment to the Austin area and are excited to see what the future holds for Central Texas!
in your article.
At Yee-Haw Development Marketing Group, we are excited to report the sale of the Fairfield Inn & Suites located at 1250 N. I-35 in San Marcos. Built in 2015, the 108-unit hotel sits on 2.8 acres and features a variety of amenities such as a pool, fitness center, meeting space, and a convenience mart. Marcus & Millichap represented both the seller and the buyer, who were both limited liability companies, in this sale.
We are thrilled to see this hotel change hands and look forward to what the new owners will bring to the area. With so much to offer in terms of amenities, this hotel is sure to be a great asset to the San Marcos community. Stay tuned for more updates on this development and other exciting projects in the area!
AUSTIN – DMA Development Co. LLC is developing Arbor Park, a $17 million
senior-housing facility.
The four-story project will have 147 units for adults aged 55+. Some units
will be reserved for tenants making below 80, 50, or 30 percent of the area
median income.
It will have a large community area with a kitchen, ground-floor library,
private courtyard, fitness center, floor lounges, laundry facilities, and high
ceilings.
Opening is slated for late 2023.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)Looking for more [Austin-area senior
living news? ](https://txrec.io/34h22SX)The Texas Real Estate Research
Center’s got you covered.
Source: [Connect CRE](https://www.connectcre.com/stories/affordable-senior-
rental-project-begins-to-take-shape-in-austin/)
GEORGETOWN – Bridge Logistics Properties has purchased 92.5 acres at 5501 S.
I-35 for the development of a seven-building industrial property.
Bridge Business Park will include at least one million sf of industrial
space and 30,000 sf of office space.
The two largest buildings will be 298,080 and 274,320 sf with 36-ft clear
heights.
The next four buildings will range from 77,760 to 174,720 sf. They will have
32-ft clear heights.
Amenities will include walking trails, an outdoor pavilion, and pickleball
courts.
Bridge received approval for an annexation and zoning request for the property
last year.
Construction will begin in fourth quarter 2023. Delivery is slated for fourth
quarter 2025.
AUSTIN – Seattle-based Security Properties Inc. has purchased the
Brightleaf at Lakeline multifamily community from Lakeline ATX LLC.
The Class A project, which delivered in 2022, is near Lakeline Mall at 14115
N. US 183.
The community has 304 one- and two-bedroom apartments averaging 880 sf. It
consists of three mid-rise buildings and five carriage-style buildings on
12.3 acres.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: _[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/12/28/security-
properties-gains-foothold.html)_