Austin Real Estate Scene

Endeavor Real Estate Group will break ground in mid-October on the mixed-use, 900,000-Square-foot 1890 Ranch Shopping Center on 90 acres at the new U.S. Hwy.183A and FM 1431. The center will be built in two phases estimated to cost more than $100 million.Phase one, slated to open in October 2007, will include 530,000 square feet of retail and 100,000 square feet of medical and office space, said Charlie Northington, principal for Austin-based Endeavor. Construction will begin on the 270,000-square-foot second phase in early 2007.

Plano,TX -based Cinemark USA Inc. has signed a lease for a 12-screen movie theater. PetsMart plans to lease nearly 28,000 square feet, Office Max plans to lease 20,000 square feet, and Target Corp. plans to build a 177,500-square-foot store nearby.

Other projects on tap for far Northwest Austin include Lakeline Station, a mixed-use development planned by Pacific Summit Partners for 335 acres near U.S. 183 and RM 620. The $400 million project is slated to include up to 3,000 homes, plus 150,000 square feet of neighborhood retail and would take up to eight years to complete.

This is another example of how Austin’s retail infrastructure growth is happening all over the city. There is plenty more business growth on tap for north Austin and Round Rock.