One of the newest industrial parks in northeast Austin is receiving the finishing touches from Ryan Companies US Inc. and is set to become a massive development for the area. The Quarter Crossing project is situated in Manor, Texas, with one tenant, Whole Foods, already secured.

The industrial park is nestled between northeastern Austin’s most notable economic developments – Tesla’s gigafactory in east Travis County and Samsung Electronics Co. Ltd.’s chipmaking plan in Taylor – making it a perfect destination for industrial and residential developments. The park also has easy access to U.S. Route 290 and State Highway 130 in both directions. 

David Forester, the director of real estate development at Ryan Companies US Inc., identified Manor as a prime candidate location for this industrial development for each of the reasons above. 

With one building, 9917 Hill Lane, already complete at the business park and over 300,000 square feet on nearly 16 acres expected to come, Quarter Crossing will become an economic giant for Central Texas. The first tenant for the business park, Whole Foods Market Inc., was selected for the 132,000-square-foot Hill Lane building and opened this past April. 

Another building at Quarter Crossing is currently in development and is expected to be completed soon. This development will be an enticing prospect for various companies and industries, spanning 192,000 square feet with 36-foot clear heights and a massive flex parking area with 145 trailer parking stalls. 

Interest and demand in the Central Texas area have reached new heights, making this new Quarter Crossing industrial park a significant step forward. 

What does this mean for Austin? Stay tuned by following my blog for more information on the latest developments, commercial projects, and local real estate in Central Texas. Feel free to email me at  tmcneil@kw.com to discuss commercial developments like Quarter Crossing.

On June 8th, the Mississippi-based real estate firm EastGroup Properties Inc. was unanimously approved by the city of Round Rock for incentives up to $125,000 to aid the firm’s upcoming industrial redevelopment. The redevelopment itself is estimated to cost $9 million and will focus on a 9-acre site at 350 Texas Avenue. Fondly nicknamed “the Texas Ave” project, this Round Rock development is expected to span over 125,000 square feet.

The continued approval of this project is contingent on the demolition of the current building by March 31, 2024, with an expense of at least $125,000, with a completed replacement by the end of 2026 at a minimum of 100,000 square feet. 

The demolition alone will cost anywhere between $120,000 and $135,000, while the capital investment in this project will be approximately $9 million. Currently, two small structures reside on the property, with a combined square footage of 15,000 square feet. EastGroup Properties Inc. aims to demolish these structures and redevelop with two class A light industrial buildings, which will span a total of 128,700 square feet, one with 70,000 square feet and the other with roughly 58,000 square feet. Recent conceptual plans showcase both buildings clearing over 28 stories in height.

David Hicks, the vice president of EastGroup Properties Inc., has confirmed that no tenants are currently secured for this project but that construction is expected to begin later this year.

“Part of our program of work on the economic development team is to work with developers who identify properties that we can potentially use for future economic development projects and more so even working with them to find redevelopment opportunities, so when we’re recruiting companies we have the appropriate real estate,” said Jordan Robinson, CEO and president of the Round Rock Chamber, during the June 8th meeting.

What does this mean for Austin? Stay tuned by following my blog for more information on the latest Austin developments, commercial projects, and local real estate. Feel free to email me at  tmcneil@kw.com to chat more about this “Texas Ave” project and if you’re curious why Austin is my favorite place in the world!