Exciting New Austin Real Estate Developments

" McShane Corp. is planning       a great deal for tenants.          exciting things for its         According to Llamas, as more       Tuscany Center development.     office users have trouble finding  The development, which is             reasonable Class B and Class B     situated at U.S. Hwy. 290 and         office spaces in the downtown      Tuscany Way, will shortly gain        Austin area due to high demand     three new buildings as part of        and high prices, flex buildings    its overall building development      are providing a viable             plan. Building 7 will be 72,000       alternative for these tenants. In  ft.² of warehouse space. Building     the development of this new        8 will boast and 90,000 ft.² of       McShane Corp. project, Cadence     warehouse space. The cost of both     McShane will be responsible for    will be slightly over $17             construction, the civil            million. Building 4 is expected       engineering firm will be           to be a 53,000 ft.² flex              Cunningham Allen, and              building. In total, McShane           architecture services will be      Corp.’s new development will          provided by TAG International      feature nine buildings. These         LLP, a local firm.                 buildings will total roughly                                             602,000 square feet. Aquila           In addition to the new             Commercial will be responsible        development project of McShane     for leasing Building 4, while         Corp., an exciting new mixed-use   Oxford Commercial will be             community is expected to open at   responsible for overseeing the        9707 Anderson Mill Rd. in Austin.  leasing of Buildings 7 and 8.         This new development by Land                                             Creek Development and Ash Creek    The senior development manager        Homes is known as Arboretum Park   for McShane Corp.’s Austin            and will feature multiple          office, Joseph Llamas, has stated     buildings. Sixth River Architects  that the flex building will offer     are the geniuses behind the        commercial building designs. Both     provide alternative access         office and retail space will be       between 183 and RM 620. All this   available in these buildings,         means that Arboretum Park is       which will total about 18,000         located in an excellent spot that  square feet on a site which           developers expect will create      totals 10 acres. In addition to       lots of interest from both retail  the mixed-use office and retail       and residential tenants. In        space, 39 garden homes in a gated     addition to office users,          community will also be provided       developers hope to attract         for residential tenants as part       tenants such as dry cleaners,      of the development. Completion of     coffee shops, cafés, and the       the commercial sector of the          like. This will allow residential  project is slated for November.       tenants all the convenience of     Those hoping to buy a garden home     having key services and            may have to wait as late as late      attractive amenities right on      next year in order to purchase        their doorstep. Residential        their new property.                   tenants will also have the option                                        of seeking employment at one of    Arboretum Park will be                these businesses right on their    conveniently located just one         doorstep and will be able to rent  block west of U.S. 183. The           office space within steps of       Garden homes will start in the        their home."                       low $200,000s and developers are                                         promising natural beauty as well                                    great security. Arboretum Park                                           will also be close to Lakeline         Mall and Anderson Mill is             type="text/javascript">               "728x90_as";                                                                                                    google_ad_type =                type="text/javascript"             "text_image";                                                                                                                               google_ad_channel               src="http://pagead2.googlesyndica  ="3545651507";                        tion.com/pagead/show_ads.js">                                                                               google_color_border =                                "FFFFFF";                                                                                                                      google_color_bg = "FFFFFF";      About the Author: Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. 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