Texas Property Insider- Austin Real Estate and Texas Coastal Real Estate Blog

Welcome to Texas Property Insider. The purpose of this blog is to provide accurate and helpful information about market trends and issues important to property owners in Central Texas and on the Texas Coast. You hear a lot of talk out there. You see the statistics, read the stories in the newspaper and you see practitioners regurgitate those same stories and statistics. There is more information available then ever before. But why is it, even after all of the stories and pundits have had their say, you still feel you can’t grasp what’s really happening in the real estate market?


There is a lot more to it than simple statistics and market info. These numbers are helpful and vitally important, but if taken at face value they can be misleading, even deceiving. As Mark Twain once said, “There are lies, damned lies and then there are statistics.” I created this blog to pull back the curtain on Texas real estate, interpret the market information and present it to you in a format that is both pithy and easy to digest.

Wednesday, March 17, 2010

Commercial Real Estate Update for Bee Cave...

Here is an interesting update reagarding the City of Bee Cave, from City Administrator Frank Salvato:

Updates on the Galleria:
· 2-3 new restaurants are coming,
· New St. David’s Emergency Clinic,
· Big push to fill office space in the Galleria,
· Occupancy of Alexan Apartments is 90%; these apartments are currently on the market.

Updates on 620/Hamilton Pool construction:
· The intersection at 620 and Hamilton Pool Rd is currently in process of completing Phase 2, but has been delayed due to some communication lines that were found in the area. Phase 3 of the project has been slowed due to the economy and the lack of bond funding for the moment,
· The park is mostly complete, except for grass and plants that suffered through the drought and need to be replanted,
· Pad site has been sold to build a CVS on the corner.

Updates on the Shops at the Galleria:
· The USPS has agreed to open a Postal Unit in the New Flower Market. The Postal Unit will be run by New Flower employees and is a big step in a time where a lot of postal offices are closing,
· Maudie’s is scheduled to open this summer and Gumbo’s has just signed a lease.

Other Topics:
· The Backyard is scheduled to open May 1st,
· LTISD has purchased land for the schools Transportation Warehouse; will also be the future site of the new high school,
· IBC bank will be going in on the corner of 620 and 71 where Springhill is located,
· The city is taking bids on a Barton Creek Bridge project, that will involve cutting into the hill to increase the site line and allow them to put in a turn lane and light outside Spanish Oaks.

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