Austin Commercial Real Estate Market
By admin on Jan 25, 2008 in Austin
Austin, Texas has been a hotspot for commercial real estate development recently. A well-known developer, based in Houston, announced that it is developing a construction plan for the city of Austin that is loosely modeled after past projects completed by the West Houston Association.
A co-founder of the Association, known as the Reagan Parmer Corridor Association, Barkley Wedemeyer has been responsible for organizing the plans. Wedemeyer worked directly with various landowners around Parmer Lane and Reagan Boulevard. The goal of the Association is to further develop Austin commercial real estate.
Wedemeyer is excited about the future growth of the eastern part of the city. The landowners, who are responsible for owning 2,000 acres in Austin, near the Reagan-Parmer corridor, will be in-charge of commissioning a study that will determine the types of businesses that should be recruited to the area.
Also, the economic study will research ways to recruit and attract these types of businesses. The 2,000 acres is expected to transform from being undeveloped to developed land for multiple purposes. This is an exciting time to be an investor in the Austin Texas real estate market.
The West Houston Association has been responsible for helping shape prosperous commercial real estate in the city of Houston. The main goal of the “Reagan Parmer Corridor Association is to help shape the city of Austin in the same way.
As this new Austin commercial real estate project is underway, it is expected that new commercial developments will be created and started, in and around Austin. The state of Texas is ripe for both commercial and residential real estate development.
