Weekend Roundup: 🏗️ East Austin's Retail Revolution: H-E-B Leads the Charge! 🛒

Here’s what you need to know about CenTex CRE Today:

Brought to you by:

1. H-E-B and Home Depot anchor East Austin's new 390-acre retail expansion. 🏗️

2. Landmark Properties revamps 934-bed student hub near UT Austin. 🎓

3. Crane Watch: Austin's skyline reshaped by multifamily housing boom. 🌆

General Housing and Apartment Construction Trends

Crane Watch: Apartment construction booming in Austin even as rental rates fall

Source: Austin Business Journal

Summary: Austin's multifamily housing development is experiencing a boom, causing a less competitive market due to the significant increase in supply. Despite the surge in construction, rental rates have dropped nearly 6% as of November, marking the second-highest decline in the nation.

Why this matters: The article indicates a current shift in Austin's rental market which commercial real estate professionals can leverage to advise their clients on potential investment opportunities or to adjust their rental pricing strategies.

Retail and Mixed-Use Development

H-E-B coming to Austin-area retail center

Source: The Real Deal

Summary: Big-name retailers such as H-E-B and Home Depot are making a substantial expansion into East Austin's Manor neighborhood. This development is part of a larger 390-acre mixed-use project, which is expected to significantly increase traffic and bring in new opportunities for retail and service providers in the area.

Why this matters: The expansive growth in East Austin provides an opportunity for commercial real estate professionals to advise clients looking to invest in bustling areas, and to anticipate the ripple effect this may have on adjacent real estate markets.

Student Housing Development

Landmark Lands Recap for 934-bed Austin Student Community

Source: Multi-Housing News

Summary: Landmark Properties has recapitalized The Standard at Austin, a 287-unit student housing community adjacent to the University of Texas at Austin that came online two years ago. The high-rise building features a range of studio to six-bedroom apartments and 5,400 square feet of retail space. The property's amenities span 33,000 square feet and include a pool deck, clubhouse, fitness center, yoga studio, game room, coffee bar, and outdoor gaming area. Landmark Properties currently owns and operates six student housing properties in Austin, totaling 3,729 beds.

Why this matters: The recapitalization of The Standard at Austin signifies an ongoing strong investment in student housing near UT Austin, representing opportunities for commercial real estate professionals in the region to engage in similar ventures or advise clients looking to invest in the student housing market.