Daily Briefing: 🏭 Austin's Old Mall Gets a Facelift & Arenaman Steps In! 🌆

Author

Austin Archuleta
September 26, 2023

September 26th, 2023 News Brief TLDR:

  1. Barshop & Oles transform aging Austin mall into decade-long mega project. 🌆

  2. Arenaman's debut: 500,000 sq.ft industrial space in Buda's heartland. 🏭

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MIXED-USE DEVELOPMENT

 

Large Mixed-Use Development Planned for Aging Austin, Texas, Shopping Center

Source: CreNews.com

Summary: Barshop & Oles Co. and Lionstone Investments are planning a redevelopment of the Brodie Oaks Shopping Center in Austin into a large mixed-use project. The work is expected to commence around 2025 and will be rolled out in phases, with the first expected to be ready two years after the start. The entire project is predicted to span roughly a decade.

Why this matters: This upcoming mixed-use development represents a significant commercial opportunity for real estate professionals in Central Texas, offering them the prospect of diversifying their portfolio and serving a broader set of clients.

INDUSTRIAL DEVELOPMENT

New Developer to Bring Spec Industrial Project to Austin, Texas, Suburb

Source: CreNews.com

Summary: Arenaman Development Co., a newly-formed company by local real estate professionals, received approval to construct its first project, a five-building, 500,000-square-foot industrial property, in Buda, Texas, a suburb of Austin. The project will be developed on a 49-acre site near Robert S.

Why this matters: This development signals a growing market for industrial properties in the Austin area, providing an opportunity for commercial real estate professionals to expand their portfolio and making them more valuable advisers to their clients interested in this sector.

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🚉 Austin's Old Mall Gets a Facelift & Arenaman Steps In! 🌆🏭