2022 was a momentous year of change in the Texas markets of real estate and business. With a great migration of corporate America making its way to the Lone Star State, innovative developments throughout Austin, and new business opportunities around every corner, we can only expect even greater things to come.

While the great influx of company relocations was, in part, due to the pandemic and the rising popularity of work-from-home and hybrid workplaces. In 2022, things have stabilized and returned to a more consistent pattern. According to a recent study (YTexas) noted in Austin Business Journal’s analysis of the business boom, “at least 23 businesses moved to the state in 2022. That was down 63% from a record 62 that made the move in 2021.”

However, this “return to normalcy” trend doesn’t mean that Texas is losing its standing as one of the biggest business states. Texas has consistently been named the number one state for business, with 2022 being no different, as it received that ranking for the 18th year in a row! The CEO of YTexas, Ed Curtis, comments that “2021 was the biggest year for relocation in the history of Texas…It was all the buildup from Covid and then 2021 is when they made the move. It is still happening.”

2023 is lining up to be a record-setting year in Austin’s continued development and the overall growth of Texas. Businesses continue to flock to the state. Austin’s growing diversity in business and leisure, as well as its remarkable city-wide projects, mark it as a noteworthy place to start a business, relocate a company, and position corporate headquarters. 

Keep an eye out for more Tesla gigafactory news, updates on commercial projects, and Texas developments by following my blog or reaching out here!

The Eden, a component of the $2 billion mixed-use project Pearson Ranch, has been on the brink of development since the developers revealed their plans in January 2022. And now construction has finally begun on The Eden and is set to be complete by the end of 2024.

Located in southern Williamson County, Pearson Ranch is situated just a short distance from Lakeline Station, which runs from Leander to the Central Business District, making it a prime destination for new residents.

The Eden Mixed-Use Project

While the entire Pearson Ranch development could take up to ten years, The Eden is estimated to take roughly a year to finish. With a total of 306 apartments across the entire 156-acre Pearson Ranch development, The Eden will offer one-, two-, and three-bedroom options that range in size from 672 square feet to just over 1,500 square feet. With 10-foot ceilings, quartz countertops, and smart technology throughout the residences, The Eden complex is looking to be an excellent upscale addition to Austin’s residential community.

The apartments will also feature walk-in closets, full-size washers and dryers, and gas appliances. In the community, residents will have access to a fitness center, a rooftop lounge deck with a kitchen, a golf simulator room, a dog spa, a coworking lounge, as well as a resort-style pool with personal cabanas.

Inspire Development Real Estate LLC, the Austin-based company in charge of this project, has noted the potential in The Eden’s location. “This part of the Austin area has cemented its reputation as the place to be for high tech employers,” says the Managing Principal, Brett Ames. “The Eden brings high-quality housing to an area where it’s needed and helps more people live close to where they work.”

The excitement about The Eden community is just beginning! And with a $2-billion development expected for the entire Pearson Ranch project, more updates are sure to come. Stay tuned on both of these ventures as well as more Austin enterprises by following my blog or reaching out to me directly at tmcneil@kw.com.