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Wide Open Austin Fields Sow New Promise With Industrial Development

Known for being a bustling city of development, Austin is now also experiencing an industrial boom – with industrial eyes now set on a small town bordering the capital. The city of Lockhart looks to be the perfect next destination for an expansion of industrial developments, especially as news of Titan Development Ltd. setting their sights on this area for the continuation of their Central Texas projects comes to light.

Wide Open Austin Fields Sow New Promise With Industrial Development Terence McNeil TMac Real Estate Texas

So, what are the benefits of Lockhart for industrial developers? First, the city is close to the Austin-Bergstrom International Airport, and State Highway 130 is a huge draw for companies expecting a large amount of travel. Second, Lockhart is nestled between Austin and San Antonio, with the potential to dip into both job markets. With a massive supply of available land, more affordable pricing, and public incentives, industrial giants are increasingly attracted to Lockhart. Corporations like Samsung Electronics Co. Ltd. and Tesla Inc., and several others are already making their way to the city.

While this industrial boom in Lockhart is quickly picking up speed, it comes as no surprise to city officials and residents that have been preparing for these developments. With a pro-business attitude, the Lockhart community has been investing in industrial-friendly infrastructure, such as roads and wastewater treatment systems. This support from Lockhart officials is attracting developers from all across the state. Titan is already developing a 45-acre Lockhart Industrial Park 130, expected to span 650,000 square feet. 

The city’s interim Economic Development Director, Mike Kamerlander, commented on the promise of Lockhart’s future industrial empire. “I think our city is very pro-business and wants to grow the industrial sector here in Lockhart, which is also a welcomed revelation to many companies looking around the Austin area,” he said.

Learn more about the industrial development boom in Austin and what’s happening around our favorite capital by following my blog or contacting me at tmcneil@kw.com with any questions!

UT’s Cain & Abel’s Seeks New Home To Make Way For High-Rise

The iconic Austin-based bar, Cain & Abel’s, has been a staple in the community ever since it opened its doors in 1991, especially beloved by University of Texas students due to its proximity to the West Campus. However, a new development in the Austin area is pushing Cain & Abel’s to find a new location to call home. 

UTs Cain Abels Seeks New Home To Make Way For High Rise TMAC Realty Terence McNeil Austin Texas Real Estate

Student Housing High-Rise

The development is spearheaded by Bleyl Engineering and is theorized to be a high-rise building that will help to satisfy the continually rising demand for University of Texas student housing, specifically in the West Campus neighborhoods. This residential development has long been planned for the cherished Cain & Abel’s location at 2313 Rio Grande Street, with City of Austin permits first filed in mid-July 2022. Now, a pending permit with city demolition has revealed that the Cain & Abel’s structure is set to be torn down at the end of the month to make way for a residential building. The 30-story student housing will occupy the two lots where Cain & Abel’s is situated, across roughly ⅓ of an acre.

Cain & Abel’s Relocation

While the owner of the Longhorn favorite bar, Ellis Winstanley, didn’t expect this development for several years, plans for this high-rise building are now underway, leaving Cain & Abel’s to close by the end of this April. However, Winstanley already has his next move mapped out – a new location for Cain & Abel’s to open not long after the current location’s closure. The specific area had previously been under wraps, but recent reports indicate the bar will reopen at 907 West 24th Street, only a few blocks away. This destination is set to open in May, so keep your eyes on my blog for more information on this development.

Follow along with this University of Texas student housing development and stay tuned for more details on the relocation of Cain & Abel’s by following my blog or contacting me at tmcneil@kw.com with any questions!