August 2023 | Central Texas Real Estate News and Developments
The Latest Local Happenings
Big neighborhoods pitched for tiny towns south of Austin
August 28, Austin Business Journal | Haney Park and Luna Rosa subdivisions have been given the green light for development, spanning 245 acres just outside of the small Austin metro city of Uhland.
Tesla to Expand to Massive Industrial Park in Kyle
August 24, Austin Chronicle | Telsa continues to expand their operations across Central Texas. From Austin to Bastrop and now Kyle, Tesla will be leasing 3 warehouses at 35 Logistics industrial park.
2023’s Best Real Estate Markets
August 23, Wallethub | Between mortgage rates and local markets, WalletHub compared hundreds of cities across the U.S. across a variety of KPI’s to determine real estate market attractiveness, economic strength, and more - and, of course, ranked them.
NewQuest seeks incentives for $204M 'lifestyle' center in Kyle
August 18, Austin Business Journal | Vybe Park project is a proposed mixed-use and retail development, which would be located south of Austin off of I-35. This lifestyle center will be a new hub in Kyle for shops, restaurants, residences, and community spaces.
Baltimore developer plans 51-acre flex project in Leander
August 8, Austin Business Journal | This Maryland developer has made their way to Texas, developing flex industrial space in Leander. Focusing on the Austin suburbs and Williamson county, the project will provide a mix of commercial uses for the area.
The short term rental rules in Austin have changed
August 2, KXAN | On August 2, a federal judged ruled that those who own a home in Austin - but don’t live there - can now rent it out on short-term rental platforms. Previously, many owners in these areas either had to live at the property or opt for long-term leases.
Industrial development northeast of New Braunfels is planned along I-35
August 8, REBusiness Online | The New Braunfels Commerce Center will be an industrial complex, featuring 651K SQFT northeast of New Braunfels, one of the top 10 fastest-growing cities in the nation. The development will have easy access to I-35 and HWY 49. Estimated completion is scheduled for spring 2024.
XCharge North America opening U.S. manufacturing facility in Hays County
August 3, KVUE | The Level-3 electric vehicle charger and energy storage device maker, XCharge, selected Hays County for its new 3,500 SQFT manufacturing facility. The company expects further expansion in the coming years, stating that Hays County was the perfect location given its scalable facilities, land availability, and local community.
1,200 acre nature preserve to open in Williamson County
August 1, KXAN | This Hill Country Conservancy, named the Pecan Springs Karst Preserve, was donated by an anonymous landowner to preserve the “econologically sensitive” land. After opening, the area will be used for conservation, research, educational outreach, and public recreation.