North Austin and Round Rock are expanding, meaning there are a lot of projects coming to the area. We cover some big ones like Pearson Ranch, Uptown ATX, and a new business moving to Round Rock.
New $2 Billion Mixed-Use Project in North Austin
Near the new Apple campus will be the Pearson Ranch, a 156-acre development. It will have 2.6 million square feet of office space, 200,000 square feet of retail, restaurant, community, cultural space, two hotels, thousands of high-end residences, and 30 acres of parkland. The first phase will develop 41 acres for 600,000 square feet of office space, three apartment complexes, and retail shops. The entire project is expecting completion in 10-15 years.
Costing $3 billion with 66-acres, the new master-planned community near the domain is Uptown ATX. It will have almost 7 million square feet for workspace, multi-family, retail, hospitality, and a new Capital Metro Rail Station. The area will also have over 11 acres of parks and more than 23 miles of running and biking trails. Phase one is called One Uptown and costs $328 million.
New Data Center Coming to Round Rock
Round Rock City Council met with Sabey Data Centers, one of the oldest and largest privately owned multi-tenant data center operators/developers globally, and approved an economic incentive agreement. The agreement requires Sabey to invest at least $185 million in real property improvements, $5 million in new equipment and business personal property, and create 20 primate jobs over the next five years. The data center will be at 1300 Louis Henna Blvd. They’re demolishing the old Sears Teleserv building to build two new ones.
Residential Development Rising
City of Round Rock data shows that permit requests for residential developments have risen from 2020-21. In 2020, there were 471 permits filed for single-family, duplex, and townhome residential developments. In 2021, that number was 813; 715 were for single-family residential developments. Currently, the city has 1,200 multifamily units under construction. More significant developments can take up to 10 years to fully build-out, like the K.B. Home Salerno community that will bring over 1,100 units to be completed in the next five years.
If you want to capitalize on the homes in the area now, contact TALK Property Management so we can find you a home to own or rent nearby!