• Austin New Real Estate Development

Austin New Real Estate Development

10,000 Guest Amphitheater Coming To Hutto

Hutto is expanding and with the expansion comes a $3.4 million amphitheater that will house around 10,000 guests. The city will pay for construction using bonds approved by the Hutto City Council last year, according to the Austin American-Statesman. Construction on the new amphitheater will begin this month and is expected to last about 4 months. 

The site is made up of 65 acres owned by the city since January and is expected to house 4,000 seats, with an additional 6,000 in a grassy area. The Hutto City Council also voted to negotiate a contract with an alternative country music station, KOKE-FM, to host four to six events per year at the venue. 

The amphitheater area also will include a pavilion; eight electrical hookups for RVs; a park bathroom with three stalls for men and three for women; paved roads to accommodate...

UT Seeks Construction Firm to Expand Longhorn Stadium

The University of Texas has issued a request for qualifications to construction companies that have the capacity to renovate and expand Darrell K. Royal-Texas Memorial Stadium. The stadium is home to the Texas Longhorns football team and is ranked as the eight-largest stadium in the United States, with the capacity to hold over 100,000 fans. The preliminary cost estimated by the RFQ is a rough $140 million boost. 

The expansion will be centered around the stadium's south end, the site of the $8 million "Godzillatron" screen. 


Texas Athletics


 

The University of Texas at Austin seeks to build an expansion to the Darrell K Royal –...

Behemoth Development Project in West Austin Will Provide Thousands of New Homes and Business Centers

The Travis Country Commissioners Court has unanimously approved the master development plan for Thomas Ranch's Travis County portion. The 2,200-acre project will be the site for 3,300 new homes and apartments, as well as a marketplace, shops, entertainment venues, restaurants, a resort, hotel and spa, and other amenities.

Situated on 1,676 acres in western Travis County and 546 acres in Burnet County's eastern portion, Thomas Ranch is one of the biggest proposed development projects in Central Texas in recent years.

According to Tom D'Alesandro of Blakefield LLC, the Illinois-based lead developer of the project, Thomas Ranch is not your ordinary suburban subdivision. The site of the project near the Austin Golf Club traverses State Highway 71 in the south, Paleface Ranch Road up north, and hugs the scenic portions of the Pedernales River. The master-planned community is set to be its very own mini-city,...

Promising New Austin Residential Developments are Seeking Affordable Housing Tax Credits in Exchange for Offering Affordable New Homes

New Real Estate Development in AustinReal estate developers are hoping that the Austin City Council will approve their move to support state affordable housing tax credits in the hopes of offsetting the building costs of nine new developments in the city.

The highly competitive 9 percent Low Income Housing Tax Credit Program allows developers to offset a portion of their federal tax liability in exchange for creating affordable housing.

The program offers investors a chance to buy tax credits to offset other taxes by investing in multi-family rental development projects in exchange for making a certain percentage of the...

Parts of Austin's East Riverside Drive to Close Starting Saturday

East Riverside Drive Corridor Improvement Project Construction

Road construction began on East Riverside Drive Saturday and has reduced the passage to two westbound lanes from the west section of Lakeshore Boulevard leading to Shore District Drive.

The construction work is part of the East Riverside Corridor Improvements project, the fourth phase of which plans to create a pedestrian and bicycle lane. The installation of rain gardens is also part of the project to ensure the water quality in the area. 

While expected to cause a slowdown in passing vehicles, authorities have committed that the project will not take...