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Phase III of The Preserve at Mayfield Ranch Completed

23 May 2014, 3:20 pm

By Anca Gagiuc, Associate Editor

A gated garden home community which only two months ago was entering Phase III of development—The Preserve at Mayfield Ranch—has completed construction and announced its grand opening event for the weekend of May 24 and 25. David Blackburn, president of award-winning developer Blackburn Communities, announced special incentives for the final phase of the project.

“We’re so pleased with the success of The Preserve at Mayfield Ranch that we’re offering these incentives as a ‘thank you’ to those who purchase in Phase III,” Blackburn said in a press statement. “Homeowners in the first two phases love living so close to three of the top-rated small cities in the U.S., and having Austin just a 20-minute drive away. We’re proud of the community and the families who call it home.”

The Preserve at Mayfield Ranch offers seven flexible floorplans ranging in size from 1,297 to 2,609 square feet, each with a covered patio to enjoy the views of the Texas Hill Country. The homes feature granite countertops, ceramic tile, cathedral ceilings, two-car garages, side entry, and leading-edge GE appliances. Prices for the garden homes start in the low $200,000s.

A desirable location at the crossroads of four Central Texas cities—Georgetown, Cedar Park, Round Rock, and Austin—places the community in one of the most desirable locations in Texas. Shopping and dining options are just minutes away at The Round Rock Outlet Mall, 1890 Ranch and The Domain, while major employers like Dell and Scott & White are nearby, easily accessible through Highway 1431 & I-35.

Photo courtesy of The Preserve at Mayfield Ranch



UT Approves Construction of $172 Million Robert B. Rowling Hall

16 May 2014, 4:57 pm

By Anca Gagiuc, Associate Editor

The construction plans for Robert B. Rowling Hall have been approved by The University of Texas Board of Regents. The development will house the McCombs School of Business Texas MBA and Texas MSTC programs. It will also double the available space for Texas Executive Education Programs and increase the university’s convention and conference activities.

“Teaching and learning in Rowling Hall will match the diversity and resourcefulness of today’s most progressive organizations,” says Thomas Gilligan, dean of the McCombs School. “Our graduates move into leadership roles within innovative workforces around the world, and our entire program, from faculty to curriculum and facilities, prepares them for that environment.”

The 458,000-square-foot building will be located on the corner of Guadalupe Street and East MLK Jr. Blvd., across from the AT&T Executive Education and Conference Center. Construction is scheduled to begin in the fall of 2014 with finalization in early 2017. The estimated cost for the project is $172 million and $58.25 million was raised through philanthropic donations. The Rowling family donated $25 million.

“Rowling Hall will serve as a hub for graduate students to meet with peers, faculty, recruiters and members of the business community to openly exchange ideas, network and work in teams, just as they will in the business world,” Gilligan says. “Their education is an extension of their career, and they spend 60-plus hours a week at the school. Graduate students need team workrooms, technology tools and an environment that promotes professionalism, whether preparing for a crucial presentation or meeting a corporate recruiter.”

Ennead Architects designed the project and Jacobs Engineering DPR is the construction manager. The building concept presents the “flipped classrooms” ideal for a space intended to suit both lectures and team collaborations. Additionally, the Rowling Hall will increase the availability of on-campus parking.



Riverside Resources Started Construction on Capital Ridge Office Development

9 May 2014, 9:00 pm

By Anca Gagiuc, Associate Editor

The 38 acre office/hotel campus site located at the intersection of Loop 360 and Bee Cave Road has turned into a construction site that will give Capital Ridge, a 215,000 square feet seven-story Class A office building. The developer is Riverside Resources, which specializes in investment, development, and management of commercial real estate in Central Texas.

The office building will include a glass façade that overlooks most of Loop 360 and features an expansive three-story lobby highlighted with private terraces on various levels. The development will be built to LEED standards and will have 32 acres of dedicated green space. Financing for the project has been arranged by HFF, reported Doug Opalka, Senior Marketing Director for HFF.

The overall complex includes Hotel Granduca Austin, which is scheduled to be finalized by the end of 2015. The apposition of the two projects will make Capital Ridge the only market-area office building in Southwest Austin within walking distance of a hotel and full-service Italian restaurant.

The two developments will share a common structured parking garage with three underground floors. The free parking and the suburban tax rates considerably lower the operating expenses of the office building, making it a difficult to refuse offer.

Win Smith, a member of the development team, says, “We are excited for the opportunity to deliver 215,000+ square feet of Class A office space in a hill country setting. With the hotel, the views, and its central location, we think it’s a very attractive option.”



Taylor Morrison Announces Start of Construction at Travisso Master-Planned Community

2 May 2014, 11:25 pm

By Anca Gagiuc, Associate Editor

For Leander’s newest master-planned community Travisso, Arizona-based builder and developer Taylor Morrison Home Corporation, announced the start of its models for four home collections. These are scheduled to be completed in May.

The series of homes that will be part of the 2,100-acre Travisso are developed in collaboration with Toll Brothers.

“We’re excited to watch Travisso begin to take shape,” says Michael Lindeman, vice president of sales and marketing for Taylor Morrison. “All four collections offer something special for homebuyers.”

The homes will range in size from 1,450 to 4,076 square feet, displayed on one-and two-story floor plans with different lot sizes.

The Florian model is a three-bedroom, two-bath home and offers over 1,900 square feet of living space. It features a gourmet kitchen, a large family room and additional flex space.

The Hampton model from the Siena Collection spreads over 3,401 square feet. It addresses the need of the Austin homebuyers for more square footage through its four bedrooms, 3.5 baths and two stories of living space. It features a first-floor master suite, plenty of rooms upstairs and a covered balcony over the beautiful area of Travisso Hill Country.

The Nottingham of the Naples Collection is the expansive 3,982-square-foot model with five bedrooms and 4.5 baths. It flaunts a study, dining room and a large family room with corner fireplace, seamlessly integrated with a first-floor master suite. Upstairs lay the game room, media room and three additional bedrooms.

The Sorento of the Florence Collection is the largest of the four models at Travisso: more than 4,000 square feet for 5 bedrooms, 4.5 baths, a formal dining room, study, media room, large great room and a stunning staircase.

Travisso’s location, west of Austin and north of Lake Travis, has plenty of shopping and entertaining options – Lakeline Mall, Round Rock Premium Outlets, and 1890 Ranch Shopping Center are near the community, while the 6,800-seat Cedar Park Event Center and the 18 holes of golf at Crystal Falls Golf Club are just a short drive away. Employment centers are minutes away from the master-planned community and include Dell, Apple and Google.



Embrey Partners Opens Escape at Four Points in West Austin

11 Apr 2014, 9:20 pm

By Anca Gagiuc, Associate Editor

Founded in 1974, San Antonio-based Embrey Partners has developed more than 31,000 apartments and six million square feet of commercial space. Recently they’ve announced the grand opening of their latest residential project, Escape at Four Points, in west Austin, Texas.

The development is a Class A, luxury garden-style community spread on 14 acres located at 11210 FM 2222, and offers prospective residents 344 units. Located between River Place, Lakeway, and Steiner Ranch neighborhoods, the complex has superb surrounding areas with stunning hilltop views, open space, and access to Lake Travis, and it could possibly be the last multifamily project to be developed along FM 2222.

Aside from the connected, walkable retail on the edge of Austin’s urban center, Senior Managing Partner Jeff booth says that “There are great schools, great amenities and convenient access to major Austin employment centers.”

We feel very fortunate to be able to deliver a first-class, multi-family development to a truly unique site,” he adds.

Construction started in February 2013 and Embrey worked closely with the City of Austin to preserve cave features, woodlands, and drainage areas on the site.

“We made the buildings work with the land, not the other way around,” Booth says.

Furthermore, to ensure that the best water quality is returned to the environment, the company designed water quality ponds and drainage features.

Escape at Four Points offers one-, two-, and three-bedroom units ranging in square footage from 700 to 1,355 square feet in three- and four-story buildings and carriage houses with options for one- and two-car garages and surface parking. Island kitchens, granite countertops, and utility rooms are part of the upscale apartment amenities while the community amenities include multi-level, resort style pool, a state of the art fitness center, resident lounge with coffee bar, and a game room with billiards and shuffleboard.

The managing company is Embrey Management Services. The community was developed with equity partners Case Pomeroy Properties and Six Pines Realty, LLC, with financing from Frost Bank.







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