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Wolf Crossing – New Commercial Development in Georgetown

Wolf Crossing is a 250,000 square foot retail center opening in the Fall of 2019.

wolf crossing GT

Located at State Highway 29 and Interstate 35 in Georgetown across the interstate from Wolf Ranch Town Center, this 42 acre development broke ground October 2, 2018. The plan includes 20+ businesses, restaurants, and a Fairfield Inn and Suites Marriott. Tenants already signed on include Tiff’s Treats, Verizon, Olive Garden, Jason’s Deli, Firestone, P. Terry’s, Austin’s Pizza, along with medical offices including an Austin Regional Clinic and an Urgent Care center. Grocer Aldi also has plans to open a location in the center.

By the time the development is finished out there will be walking trails along the San Gabriel River nearby.

Learn more about the development here.

And contact me if your business would like to lease space while it is still available!

Amazon’s New Minimum Wage

Amazon will hire fewer people, not spend more on higher wages

So says David Bahnsen, wealth manager and founder of The Bahnsen Group.

“Through time, they are going towards an automation process that’s going to be hiring less people. They will not end up spending more in wages. They will end up hiring less people,” Bahnsen said on CNBC’s Closing Bell. Hear more of his thoughts here at CNBC.

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Ed Bluestein Blvd at FM 969, Austin

New Land Listing – 9.9 Acres, Minutes from Downtown

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Located at Ed Bluestein Blvd (Hwy 183) and FM 969 (MLK – Webberville Rd), this acreage includes 2 parcels (Property ID #544744 and 544752) that are 3.94 aces and 5.94
acres respectively. Property is zoned general commercial services and is a great location for a hotel, professional offices, retail, food services, manufacturing and industrial, mini-storage, etc.

It is located just minutes east of downtown on MLK, and is also west of Lake Walter E Long Metropolitan Park. There is a new convenience store coming to the hard corner at Hwy 183 as development continues to move east of town.

Please inquire for pricing.

Full Lot(s) view (highlighted)

Buy Now? Buy Now!

From Mark Sprague’s Texas Market Update:

I would suggest that with increasing costs of building, labor and development and higher lending rates, why wait?  Every time rates go up 1% you lose 12% buying power. 90% of all builders are experiencing framing and finishing carpentry issues, and 85+% are experiencing plumbing shortages.   Builders are seeing a 20+% annual labor and materials cost increase, which in turn increases values.  The home/apartment you look at today will be gone tomorrow, and more expensive.

one percentOne key point that must be stressed is that interest rates are rising. Everyone agrees that we can expect 3 rate hikes in the next year – not big hikes, but hikes nonetheless. And as Mark noted, “Every time rates go up 1% you lose 12% buying power.”

What does that look like in real life? There are two ways to look at it. First, it means if you wait one year, and the rates have gone up as expected, a property that would cost you $300,000 today will cost you $336,000 next year. Or to look at it another way, your ability to purchase $300,000 today will mean purchasing $264,000 in 12 months.

It is not a gimmick to say, “Buy now!” Waiting in this market will cost you.

Read the rest of Mark’s update here: Texas Market Update

Land, Lots of Land

I’ve got two new land listings to let you know about!

The first in Killeen includes 5 acres, fenced (sorry, Roy), and in a prime location for professional offices or retail. Within 1/4 mile is the new La Cascata Shopping Village, a master planned, pedestrian friendly project including 210 acres of high density single and multifamily residences, commercial office, hotel, retail, restaurant, and entertainment venues. La Cascata will include 355,000 SF retail with 60 to 100 tenant businesses. Listed at $2.75 a square foot, you’ve got room to tumble some tumbleweeds and get a jump start on the development with this land today!

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The second listing is 11.14 acres outside the Georgetown city limits near the intersection at FM 1460 (AW Grimes) and Westinghouse Rd. The 10.1 acre lot comes with an additional 1.041 acre easement from the property to AW Grimes Blvd. Nestled in the middle of over 4,200 residential homes in Teravista, La Conterra, and Westhaven, this location is perfect for professional offices, multifamily or single family development. Listed at $3.45 a square foot let’s pull the Trigger (sorry again, Roy) and get to building.

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Contact me today for a marketing flyer on one or both of these properties. Just sing along, “Give me land, lots of land…..”