​​FLOWER MOUND – The first phase of a 50-acre mixed-use project near Grapevine Lake will break ground in January. Located on FM 2499 at Lakeside Village Pkwy., the Silveron Park development will begin with a 64,350-sf, three-story office building designed by Alliance Architects that will include underground parking and open in 2024.  The first phase […]

LAKE TRAVIS – Claycomb Associate Architects have revealed their design for the new athletic and fine arts additions coming to Lake Travis High School. The proposed 2,500-seat arena would hold over three times the number of people as the campus’ existing round gym and have a 94-foot professional-level basketball court. There will be space for […]

SAN MARCOS – Lantana Apartments, a housing development at 1041 Vervain Rd.​ that will provide income-based housing, is expected to be completed next month. The city council approved a resolution for low-income housing tax credits with the Texas Department of Housing and Community Affairs, which gave Mortgage Co. LLC a $30 million Federal Housing Administration Construction Loan to […]

MIDLOTHIAN, GRAND PRAIRIE – Plans for a 2,000-acre residential community were approved with construction beginning in 2024. Lakesong will have 5,000 homes, 330 acres of open spaces and parks, a 20-mile trail system, and the 100-acre Padera Lake. Fronting US 287 near US 67, the community will have apartments, townhomes, and 40-ft to 1/3-acre lots. Developer Huffines Communities also developed […]

AUSTIN – The city council has approved the $1 billion redevelopment of the Brodie Oaks Shopping Center at 4040 S. Lamar Blvd. The decades-old strip mall will be converted into retail, budget housing, and a park. Developer Barshop & Oles says the redevelopment could include nearly 1.3 million sf of office space, 140,000 sf of retail space, 1,700 residential […]

SAN ANTONIO – Maddox Hills apartment complex, located at 17927 Overlook Loop, has been sold to Washington-based real estate investor Timberlane Partners, marking the firm’s first purchase in Texas. The firm recently took out a $42.6 million loan from JPMorgan Chase, though sales price was not disclosed. The 322-unit, 540,000-sf complex was built in 2021 […]

GEORGETOWN – Mosaic and NexMetro Communities will build Avilla Berry Creek, a 224-unit build-to-rent residential community projected to cost $66 million. The neighborhood will have one-, two-, and three-bedroom detached homes and duplexes that will start at 690 sf and include private backyards and front patios. There will also be a pool, clubhouse, community garden, and dog […]

SUGAR LAND – Lake Pointe Plaza, a 53-acre mixed-use project at the intersection of I-69 and SH 6, is being developed by Planned Community Developers. It will have waterfront activities, residential options, office spaces, medical and life sciences facilities, a hotel with a conference center, retail, restaurants, and entertainment venues. Construction begins in third quarter 2024.​ read more…

​HOUSTON – Power Electronics USA has leased Airtex Commerce Center, a 166,250-sf distribution warehouse at 431 E. Airtex Rd. The first part of the lease, for about 77,000 sf, has already started, while the lease for the remaining space of the facility starts in April. Transwestern represented the property owner, Nuveen of New York City​, […]

PORTLAND – Nova Portland Hotels LLC has acquired a 95-room hotel. The hotel operates under the Avid Flag, which is part of the InterContinental Hotel Group family of brands. Atlanta-based Bull Realty represented the seller.​ Bang Realty assisted in closing the deal. read more…