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Austin Plans Airport Mixed Use Development

June 11th, 2007 4:55 PM by Heather Brown

Work will begin this fall on a $50 Million Dollar mixed use project on 58 acres near Austin Bergstrom International Airport.

Airport Gateway will rise on the south side of SH 71 near the Met Center Campus.  About 17 acres is set aside for a hotel and 30,000 square feet of speculative retail.  Plans for the remaining 34 acres call for construction of a roughly 225,000 square foot speculative industrial building and one acre lots for accommodating buildings of up to 25,000 square feet for build-to-suits or user projects. 

The developer,Ken Satterlee said that Austin is one of the largest cities he's encountered with an underdeveloped airport submarket.  "This is great real estate close to a growing airport in a submarket that's going to flourish"

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Posted in:General
Posted by Heather Brown on June 11th, 2007 4:55 PM

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