 |
 |
 |
| Professional Team | Property Listings | Services | Market Info | Austin Blog | NAI Global |
|
 Kurt VanderMeulen Kurt VanderMeulen, with 38 years in commercial real estate and known for his knowledge and experience in the Central Texas land market, is the 2010 president of the Austin Commercial Real Estate Society. Read the full article that spotlights Kurt in the Austin Business Journal – Kurt VanderMeulen, senior broker, NAI REOC Austin (2-26-10). The Austin economy grew more than any of the largest of the nation’s cities, based on data between Q4 2008 and Q3 2009. Brookings Institution reported that productivity rose in just 5 of 100 major cities and Austin topped the list with 2% growth in the GMP (gross metropolitan product – the value of goods and services produced). Read Austin’s GMP growth top in the nation (Austin Business Journal, 1-8-10). Gedalia Partnerships LP, a Dallas-based developer, revealed grand plans for a $15 million mixed-use project on a 1.9 acre tract near East Seventh and Chicon streets, according to $15M East Austin plan will raze old warehouse, add shops, homes (Austin Business Journal, 1-1-10). Gedalia plans to raze an abandoned 10,000 square-foot warehouse in order to develop 85 apartments and approximately 18,000 square feet of retail space. In addition, Gedalia has obtained a construction permit for Sungari Pearl, a 52-unit condominium complex with 7,000 square feet of retail space in the same area. Both projects would complement the city’s overhaul of the East Seventh Street corridor from Navasota Street to North Pleasant Valley Road. Read East Austin in store for multi-million dollar revamp (Austin Business Journal, 1-1-10)  Texas State master plan Millions are being spent to expand the campus of Texas State University, located at 601 University Blvd. in San Marcos. A sum of $633 million worth of construction is slated to take place in the coming years to accommodate more students. To learn more about the major projects currently under construction and ready to break ground as well as those in planning stages, check out the Campus Construction page or read Texas State poised for boom (Austin Business Journal, 1-29-10). Austin leads the nation in small business vitality, according to a new Bizjournals study. Read Austin ranked top city for starting a business, study concludes (Austin Business Journal, 1-22-10) to learn how Austin emerged as the clear winner based on outstanding performances in three statistical categories of critical importance to entrepreneurs: population, employment and small-business growth.  St. David's South Austin Medical Center St. David’s South Austin Hospital, located at 901 W Ben White Blvd., is getting a new name and undergoing a $72 million renovation. The renovation and expansion project to begin in April 2010 will increase the hospital by three floors, more than 100,000 square feet and 25 percent more beds. For more details, read St. David’s South Hospital to get $72M makeover (Austin Business Journal, 1-15-10).  Echelon I A suicidal man upset with the IRS deliberately slammed his single-engine Piper Cherokee into the Echelon Building located in the 9400 block of Research Blvd. (U.S. 183) in Northwest Austin. The pilot, Joseph Stack of Austin, along with a federal employee died in the crash. Echelon I houses offices for the Internal Revenue Service IRS) but it is not the location where tax returns are processed so it will not affect federal income tax processing. View photos of the building and read more: Pilot’s online suicide note blasts IRS (Star-Telegram, 2-18-10).
Military funds will fuel new construction in the Austin area. The Armed Forces Guard and Reserve Center at Austin-Bergstrom International Airport (ABIA) is now in the design stage. The planned $16.5 million facility will span 250,000 square feet and is expected to replace an existing aviation support facility currently leased from the city. Plans also call for a $5.7 million Vehicle Maintenance facility. To ease overcrowding, a new $20 million Armed Forces Reserve Center is likely to be built at Camp Mabry. Read more in Austin getting money for new National Guard and Reserve Centers, Austin American-Statesman, 12-12-09 and Military center near Austin-Bergstrom International Airport a go, Austin Business Journal, 12-14-09.
The PJ Shop, a women’s clothing boutique, is relocating to 1,399 square feet at Lakeway Town Center, Phase II. The property is located at 2127 Lohman’s Crossing in Lakeway, Texas. Travis Waldrop and Jolie Schooler represented the landlord. The PJ Shop specializes in women’s loungewear and pajamas and also stocks unique gift items. NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com. |
||
|
Copyright © 2010 NAI REOC Austin Real Estate Blog - All Rights Reserved
Posts Feed |
|||
