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Oak-House-Apartments-Leander
DevelopmentMultifamilyTexas

Ryan Cos. Begins Leasing 347-Unit Oak House Apartments in Leander, Texas

by Taylor Williams

LEANDER, TEXAS — Minneapolis-based developer Ryan Cos. has begun leasing Oak House Apartments, a 347-unit multifamily community located north of Austin in Leander. Oak House consists of 10 buildings that house one-, two- and three-bedroom units on a 20-acre site. Amenities include a pool, fitness center, outdoor grilling and dining areas, clubroom, coffee bar and a dog park. Ryan Cos. developed the property in a joint venture with Denver-based Brue Baukol Capital Partners. Dallas-based Humphreys & Partners Architects designed the project, and Cadence McShane Construction served as the general contractor. First Horizon Bank provided construction financing. Rents start at $1,300 per month for a one-bedroom apartment. The first move-ins will begin this summer.

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CivicDevelopmentRetailTexas

Dallas Stars to Develop 225,000 SF Multi-Sport Training Facility in Northlake, Texas

by Taylor Williams

NORTHLAKE, TEXAS — The Dallas Stars professional hockey team will develop a 225,000-square-foot multi-sport training facility in Northlake, located north of Fort Worth. According to D Magazine, the project is valued at $45 million. Scheduled to open in 2025, the facility will feature two National Hockey League (NHL) regulation sheets of ice and eight basketball courts that can be converted to 16 volleyball courts. Lee Lewis Construction Inc. is the general contractor for the project, which will be the third of its kind for the Stars, joining facilities in Farmers Branch and Lewisville, Texas.

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Leasing ActivityRetailTexas

Austin Pickle Ranch to Open 50,000 SF Pickleball Venue at Former Golfsmith Property

by Taylor Williams

AUSTIN, TEXAS — Austin Pickle Ranch, a locally based operator of pickleball courts, will open a 50,000-square-foot venue along Braker Lane on the city’s north side. The space formerly housed a store for athletic equipment and accessories retailer Golfsmith. The venue will be the second for Austin Pickle Ranch and will feature 16 courts, indoor and outdoor lounge areas and a food-and-beverage component. The opening is scheduled for May.

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12821-Titanium-St.-Austin
DevelopmentIndustrialTexas

Logistics Property Co. to Develop 408,000 SF Industrial Project in Northeast Austin

by Taylor Williams

AUSTIN, TEXAS — Chicago-based Logistics Property Co. will develop a two-building, 408,000-square-foot industrial project at 12821 Titanium St. in northeast Austin. The site is roughly one mile from State Highway 130 and 15 miles from the downtown area. The development will consist of a 175,000-square-foot rear-load building and a 233,000-square-foot cross-dock building. Construction is slated to begin in the second quarter and to last about a year. Locally based brokerage firm AQUILA Commercial will market the property for lease.

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Adora-on-Rosehill-Tomball
DevelopmentMultifamilyTexas

McGrath Real Estate Completes 336-Unit Multifamily Project in Metro Houston

by Taylor Williams

TOMBALL, TEXAS — Locally based developer McGrath Real Estate Partners has completed Adora on Rosehill, a 336-unit multifamily project located in the northeastern Houston suburb of Tomball. The site spans 15.4 acres, and the building houses one-, two- and three-bedroom units that range in size from 599 to 1,393 square feet. Residences are furnished with stainless steel appliances, granite countertops, custom cabinetry and individual washers and dryers. Amenities include a pool, business center, clubhouse, pickleball courts, outdoor lounge area and a dog park. Rents start at $1,350 per month for a one-bedroom apartment.

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DevelopmentLoansMixed-UseTexas

Jefferson Bank Provides $20M Construction Loan for Metro Austin Mixed-Use Project

by Taylor Williams

GEORGETOWN, TEXAS — San Antonio-based Jefferson Bank has provided a $20 million construction loan for Phase I of The Preserve, a mixed-use project in the northern Austin suburb of Georgetown. Phase I will feature two industrial flex buildings, two retail buildings and one office building totaling 50,700 square feet across the five structures. The borrower, locally based developer OM Properties, expects for construction of Phase I to last 18 to 24 months. Other project partners include Mode Design Co. (architect), NAVCON Group (general contractor) and 2P Consultants (civil engineer).

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AcquisitionsIndustrialTexas

Younger Partners Arranges Sale of 10-Acre Industrial Development Site Near DFW Airport

by Taylor Williams

EULESS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 10-acre industrial development site located near Dallas-Fort Worth International Airport in Euless. An entity doing business as Clubwise Finance LP sold the property at 3300 FM 157 to locally based firm Windhaven Investments LLC for an undisclosed price. John St. Clair and Luke Nolan of Younger Partners brokered the deal.

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Leasing ActivityOfficeTexas

FUSE Workspace to Open 33,000 SF Coworking Space in East Austin

by Taylor Williams

AUSTIN, TEXAS — FUSE Workspace, a Texas-based provider of flexible workspace solutions, will open a 33,000-square-foot space at 2105 E. MLK Boulevard in East Austin. The space, which will be the company’s fourth in Austin, will offer an array of private offices, dedicated individual desks, enterprise suites and meeting rooms. CB Capital owns the building. The opening is slated for September.

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The-Moran-CITYCENTRE-Houston
DevelopmentHospitalityTexas

Midway Underway on Renovation of 244-Room Hotel at CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Locally based developer Midway is underway on renovations of a 244-room hotel located within its CITYCENTRE mixed-use development in West Houston. The Moran CITYCENTRE was originally built in 2009. The renovation will deliver updated furnishings, premium bedding, contemporary lighting fixtures and technology enhancements to all rooms. In addition, the lobby, meeting and event spaces and amenity areas, including the fitness center and onsite bar, will all be upgraded. Work began at the beginning of the year and is expected to be complete this summer.

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Edged-Energy-Irving
Data CentersDevelopmentIndustrialTexas

Edged Energy Underway on 168,000 SF Data Center in Irving

by Taylor Williams

IRVING, TEXAS — An affiliate of Edged Energy, a global data center developer and operator whose U.S. headquarters are based in Connecticut, is underway on construction of a 168,000-square-foot facility at 505 N. Wildwood Drive in Irving. The data center will have a critical power capacity of 24 megawatts. Construction is scheduled for a fall completion. The facility is one of about a dozen in Edged Energy’s development pipeline across Europe and North America.

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