Community News Archives - Don Quick & Associates

Perfect Game MUD Marks 3rd Major Development on US 79

By | Community News, Industry News | No Comments

ON APRIL 18TH Perfect Game, a baseball scouting organization, announced plans to relocate their HQ to Hutto – a 300,000 SF behemoth that will seat 13,000 people and will be a part of a mixed-use-development “project that is expected to pump $200 million annually into the local community,” a major jump from the current economic generation of Hutto which is $30 million. (Community Impact)

This announcement marks the 3rd major project along US 79, coinciding with proposed improvements to US 79 from I-35 to east of FM 1460 (AW Grimes) that will include widening the road to include an additional travel lane in each direction. (TxDot) See their website here for more information on the US 79 project.

Here are the breakdowns of each development:

Kalahari

  1. Property Summary: 355 AC Indoor water park, resort & convention center
  2. Total Property Size: 355 AC – 4.13x the size of Dell Diamond
    1. 975 Guestrooms & suites
    2. 200,000 SF Convention center
    3. 5 Signature restaurants
    4. Tom Foolery’s Adventure Park: 80,000 SF
    5. America’s largest water park: 223,000 SF
  3. Breaking Ground Date: May 2018
  4. Projected Finish: November 2020

Hutto Co-Op District

  1. Property Summary: Hutto’s first mixed-use development that includes a new city hall building, space for civic activities, retail shopping, restaurants, & a farmer’s market
  2. Total Property Size: 35 AC, 500,000 SF dynamic business, retail, entertainment and residential destination
    1. Hutto City Hall: 40,000 SF – now open
    2. Restaurants List (as of 4/24): Top Notch Burgers, Southside Market & BBQ
    3. Flix Brewhouse: 39,000 SF – opening 2nd quarter 2020
  3. Breaking Ground Date: November 2018
  4. Projected Finish: First phases early 2020

Perfect Game/Indoor Sports & Event Center Development  

  1. Property Summary: Baseball scouting org Perfect Game will anchor this $800m mixed-use development project.
  2. Total Property Size:
    1. 300,000 SF stadium that will be able to seat 13,000
    2. 30+ Turf/regular ball fields & 6 multipurpose fields
    3. Additional office, commercial and residential components
    4. Convention hotel
  3. Breaking Ground Date: Summer 2019
  4. Projected Finish: Perfect Game grand opening will be no later than Memorial Day 2021
  5. Projected to pump $200m annually into the local community and generate more than 150,000 hotel room nights annually.

 

Notable Mentions:

Diamond Oaks: Approximately 13,000 SF of new construction multi-tenant retail and restaurant space

Shops @ Legends Village: 14,400 SF office/retail site across the street from Kalahari

Report shows charitable giving increased in 2018 among Central Texas businesses

By | Community News | No Comments
By Apr.
View this story on Community Impact website.

Nearly 75% of Central Texas businesses supported local nonprofits in 2018.

Another statistic of note, from 2017-18, 43% of Central Texas businesses increased the portion of their budgets devoted to philanthropy and charitable giving.

Those results and more come from the Rodman Report, an annual survey conducted by Austin-based philanthropic advisers Rodman & Associates. This year’s report includes responses from more than 150 area organizations and explores a range of topics, from how companies give to why they give and what constitutes their criteria for support.

A press release quotes Rodman & Associates founder Lisa Rodman as saying the report benefits nonprofits and businesses.

“Every year, the Rodman Report provides new metrics that help companies understand how their giving compares to others in the community,” Rodman said in the release. “The insights are also critical, however, for nonprofits to see how their needs align with the giving priorities of Central Texas businesses.”

The release also states the results in the Rodman Report are drawn from the responses of 152 Central Texas companies that participated in an online survey between Jan. 28 and Feb. 28.

Results from the survey show most companies cited monetary donations and volunteer hours as their primary methods of giving at 86% and 79%, respectively, and the key drivers for public giving in 2018 were community support and public goodwill at 79% and 66%, respectively. Another result within the survey states 45% of respondents said their company provided assistance in 2018 to communities or individuals affected by damaging Central Texas flooding.

The release states Austin Mayor Steve Adler endorsed the report and encouraged local businesses to participate in the survey.

“Austin has a thriving business community,” Adler wrote in an email invitation, according to the release. “That in itself is a great thing, but it’s even better knowing that our local businesses are forces for good in our community.”

For a complete look at the report, click here.

Caption: More than 150 area organizations participated in a survey on philanthropy. (Courtesy BirdsiVideo)

Don Quick & Associates, Inc. Ranked #1 Commercial Real Estate Brokerage Firm in Wilco by Austin Business Journal

By | Community News, Don Quick News, Industry News | No Comments

Don Quick & Associates, Inc. was ranked 18th overall in the Austin Business Journal’s list of top commercial real estate brokerage firms for 2018 in the Austin area – and 1st for Williamson County. The companies are ranked by transaction values for sales and leases for 2018. The company moved up to 18th from 23rd the previous year.

Don Quick & Associates, Inc. Complete Rankings:

#1 in Total Transaction Value of 2018 Sales & Leasing in Williamson County

#18 overall in Total Transaction Value of 2018 Sales & Leasing in Austin MSA

#4 in Breakout: Transaction Value: other Client Sales/Purchases for Pad Sites and Land

#5 in Austin Operations: Total Acreage Buy/Sell on Client’s Behalf During 2018

#8 in Breakout: Of Total Building Transaction Values, What Portion is for Multifamily Portion

#8 in Austin: SF of Multifamily Portion

#9 Austin: No. of Multifamily Units Sold

#13 in Austin SF Leased

#16 in Breakout: Aggregated Transaction of Leases

See full list here:
https://www.bizjournals.com/austin/subscriber-only/2019/03/29/the-list-top-austin-area-commercial.html

Link requires a paid subscription to view.

USTA Texas to Anchor $1.5B Cedar Park Project

By | Community News, Industry News | No Comments
By Mar.
View this story on Community Impact website.
The United States Tennis Association Texas plans to bring its headquarters and facilities to the Indigo Ridge mixed-use development announced for Cedar Park, a city located just north of Austin, Texas. Currently, the USTA Texas is headquartered at 8105 Exchange Drive. Cedar Park’s City Council approved a resolution to authorize the agreement.

USTA Texas headquarters will serve as the anchor for this projected $1.5 billion urban oasis development, which will occupy 155 acres at the northwest corner of East Whitestone Boulevard and Sam Bass Road. Upon completion, Indigo Ridge will encompass more than 5 million square feet of retail, dining, urban living, corporate office, hotel, medical, sports and entertainment uses. The tennis campus will consist of approximately 40 outdoor tennis courts, six to eight indoor tennis courts, a stadium court and related amenities for training, development and competitions.

“The USTA is excited to be part of this development and looks forward to working with Indigo Ridge Development Partners to design and develop the facility,” Tom Hunt, president of USTA Texas, said in a prepared statement. The Tennis Center will be owned and operated by USTA Texas.

“With regional employment growth from companies like Dell, Google, Oracle and Emerson, and the massive nearby expansion by Apple, the USTA Tennis Center will be an added draw for future corporate relocations to Indigo Ridge,” added Michael Kennedy of Avison Young Dallas, the broker for the project.

Design firm Gensler created the masterplan for the project, which incorporated outdoor public gathering spaces and multigenerational healthy living communities that complement the USTA program. Construction is estimated to begin in six months and roll out in six phases.

Images courtesy of Avison Young

Treasured Earth Foods Picked Up by Snap Kitchen

By | Community News, Tenants | No Comments

Whole Foods Market Vendor Picked Up by Snap Kitchen

Whole Foods Market Vendor, Treasured Earth Foods, is now available through Snap Kitchen. 

Treasured Earth Foods creates delicious baked goods that taste amazing and happen to be gluten-free, paleo, and, most importantly, diabetes-friendly. Ruth Noel, the creator of the family-run company, explained how the idea for healthy delicacies stemmed from her father’s inability to consume sweets due to his diabetes. Through much experimentation in the kitchen, Ruth’s mother created a truffle that her husband could enjoy without worrying about his blood sugar levels. Eventually and without any medication, Ruth’s father was no longer diabetic. Soon, that truffle, the Chocolate Kika Truffle (named after Ruth’s mother), became the first product Treasured Earth Foods sold at the Sunset Valley Farmer’s Market around 2009.

Ruth, a Texas A&M grad, had previously owned a state processing facility for meat on their ranch called Tesoro Terra Farms, which roughly translates into Treasured Earth Farms. She decided to change paths and started Treasured Earth Foods in 2009, modifying her mom’s truffle invention and creating new healthy desserts. After years of selling their products primarily at farmer’s markets and creating local buzz, the company finally got into Whole Foods Market in 2013 and was even asked to create a brand new product, specifically for the opening of the Whole Foods Market Domain location in 2014.  Later that same year, Whole Foods Market decided to put Treasured Earth Foods in its Southwest region that includes Texas, Oklahoma, Louisiana, and Arkansas. Besides Whole Foods Market and Snap Kitchen, you can find their products in Austin at Fresh Plus, People’s Pharmacy, Wheatsville Co-Op and online. 

Treasured Earth Foods currently operates out of their commercial kitchen just north of Austin. Ruth explained how it is a great location for their kitchen because it allows her to make her deliveries on time – especially when they are delivering to different cities and states. She plans on opening a brick-mortar store for her healthy baked goods one day. Learn more about Treasured Earth Foods on their website or their Facebook page

Outdoorsy – the sharing economy leader of travel experiences expands to Round Rock

By | Community News, Tenants | No Comments

Outdoorsy chooses Round Rock for second Austin location

Sitting in cozy camping chairs enjoying the beauty of an indoor fire pit, we talked growth with Outdoorsy’s VP of Customer Operations, Nino Cavenecia, in their brand new space in Round Rock.

Just one year after moving their headquarters from San Francisco to Downtown Austin, Outdoorsy, the “Airbnb of RV’s”, expands to Round Rock with a new location for operations. The three-year-old tech company has major plans for growth and expansion, especially after raising another $50 million in Series C funding just this past January. Nino Cavenecia, VP of Customer Operations since January 2018, says he’s been eyeing Round Rock even before he moved from the Bay Area three years ago. Larger tech companies like Apple and Dell have already spilled over into Williamson County; however, according to Cavenecia, newer tech companies/start-ups continue to fearfully avoid the “sleepy suburbs.” Outdoorsy is more forward-looking and understands the need to create connections in the cities that surround the strong tech capital. Cavenecia explained how they offer the modern benefits of a tech company without the massive living expenses and brutal traffic of Austin. As Williamson County continues to be one of the fastest growing counties in the nation, Outdoorsy has positioned itself ahead of the curve, taking advantage of both the ever-increasing workforce and the lower lease rates just north of the Texas capital. Cavenecia says he plans to hire local talent, rather than pulling from Downtown Austin. 

“Outdoorsy’s mission is to create value for people,” simply by connecting adventurers to otherwise underutilized RVs and their owners. The company plans to move beyond just being the “Airbnb of RVs” and wants to include outdoor experiences in their offerings – a “one-stop shop for the outdoors,” as Cavenecia said. Moreover, Outdoorsy plans to expand internationally, with focuses on Europe, Canada, and especially Australia and New Zealand where it’s summer all year long. The company currently has about 31,000 vehicles signed up but is projected to move closer to 65,000 by the end of the year.

Outdoorsy’s new location at Old Town Square will focus on customer support, claims, and trust & safety. Outdoorsy prides itself in being proactive in terms of customer service and safety. According to Cavenecia, the company prides itself on being prepared, perfectly suiting one of its industry’s precepts and the camper’s mentality. Currently, the operation has about 25 employees but plans to hire dozens more over the next few months. Learn more about job postings on Outdoorsy’s website.

 

Round Rock poised for more economic growth in 2019

By | Community News | No Comments
By   Feb.
View this story on Community Impact website.
More economic growth is on the horizon for Round Rock and the Austin metro as a whole, according to Mark Sprague, director of information capital at Independence Title.“The demand, the desire to be in Round Rock, to be in the Austin area, is higher than any place else I’ve seen in the United States,” Sprague said during an annual economic overview at a Feb. 26 Round Rock Chamber lunch.

In light of a growing list of regulations in Austin and Travis County, Round Rock and Williamson County are increasingly viewed as friendlier to do business, he said.

“My biggest concern with Austin is regulations,” Sprague said. “For every other metro in Texas, the entitlement process is measured in weeks. In Austin, it’s measured in years. That will continue to be a bigger and bigger issue.”

Nationwide, key indicators of the economy—including job growth and gross domestic product—remain strong, he said. In fact, the country is in the midst of its second-longest period of economic growth ever.

If trends continue—and Sprague said he believes they will—in six months, this could be the longest economic expansion in history.

“We will continue to see growth,” he said. “We’re ten years into this, and I’m telling you I think we have five more good years. We’re in a phenomenal place.”

In 2019, Sprague predicts employment growth in the Austin-Round Rock Metropolitan Statistical Area between 1 percent and 2 percent. Real estate sales will mirror or exceed 2018, he said, with home values continuing to rise.

 

Photo: Mark Sprague, director of information capital at Independence Title, shared a 2019 economic outlook with the Round Rock Chamber on Feb. 26. (Taylor Jackson Buchanan/Community Impact Newspaper)

Artist rendering of The District development.

City Council approves development agreement for dynamic mixed use project

By | Community News, Industry News | No Comments
City entered into MOU with owners of The District in 2017

The Round Rock City Council voted unanimously Thursday, Feb. 14, to approve an agreement with the developers of The District, a 65-acre mixed-use project planned for SH 45 just east of IH 35. The City Council approved a memorandum of understanding with Mark IV Capital for the project in November 2017. 

In return for the company building 1 million square feet of Class A office, retail and residential space, the City will contribute $12.56 million toward public infrastructure such as streets, sidewalks and utilities. The City projects the development will generate over $1.5 million per year in tax revenues to the City when it is completed.  

The development is also expected to create 5,000 jobs when it is fully developed. 

“We are excited to partner with Mark IV on the development of The District in Round Rock,” Round Rock Mayor Craig Morgan said. “This is exactly the type of unique project we need in this high-growth area.” 

Mark IV manages the Summit I and recently completed construction on Summit II office projects in La Frontera.* 

“We are very excited about our continued partnership with the City of Round Rock on The District, which is our third project within the community,” said Justin Basie, Regional Vice President, Mark IV Capital. “The District is a dynamic mixed-used development that will combine working, living and retail in one prime location. This is a great opportunity to bring an unmet need to the city and one that will have long-term benefits for the region. We look forward to breaking ground on this unique project, and we are proud to be involved in what will soon be a landmark in Round Rock.” 

According to the agreement, Mark IV would have to reach the following performance milestones: 120,000 square feet completed by 2022; 250,000 square feet by 2029; and 1 million square feet by 2039. Mark IV would be required to repay the City if it fails to meet those performance measures. 

The City will fund the infrastructure improvements with its half-cent, Type B sales tax revenues. Type B funds are limited specifically for economic development projects, including transportation improvements.

“We’re thrilled about this development project, which along with other projects recently completed or breaking ground this year, will unlock opportunity for our growing community,” said Nichole Vance, Director of Business Attraction, Round Rock Chamber. “The District will transform the southern area of Round Rock and will be an ideal location for the types of companies looking for high-end office space in Round Rock.” 

Originally posted by City of Round Rock on February 14, 2019.

View the original article here.

*Links Edited

 

 

Mark IV Expands La Frontera Office Campus

By | Community News | No Comments

The new building will be adjacent to the 87,186-square-foot Summit I, purchased by Mark IV in 2013 from Moore & Associates. The asset is the largest office building under construction in the Austin submarket.

by Razvan Cimpean | Jul 21, 2017

Mark IV Capital broke ground on Summit II at La Frontera, a 95,000-square-foot office building in Round Rock, Texas. The asset is the largest office building under construction in the Austin submarket.

PLANS FOR LEED CERTIFICATION

Located at 710 Hesters Crossing Road, the two-story asset offers convenient access to Interstate 35 and State Highway 45. The new building will also be adjacent to the 87,186-square-foot Summit I, purchased by Mark IV in 2013 from Moore & Associates. The project will aim for LEED certification and will include a 10,000-square-foot courtyard with shaded seating areas and parking for local food trucks. Another LEED-proposed development in the Austin area includes Austin Community College’s Leander campus, which was recently topped out last month. Additionally, Summit II will also feature a fitness center and flexible floor plans. 

“The development of Summit II at La Frontera is another opportunity for us to expand our portfolio in the Austin market through the addition of high-quality assets in targeted growth areas,” said Mark IV CEO Paul Cate, in a prepared statement.

Mark IV selected Don Quick & Associates to be in charge of leasing for the upcoming office building.

View the story on Commercial Property Executive

Round Rock Economic Development Project Wins State Award

By | Community News, Industry News, Uncategorized | No Comments

The 2013 Community Economic Development Award has been given to the Round Rock Chamber of Commerce and Economic Development Partnership to recognize their success in bringing Cornerstone Healthcare Group to the community. The discussion for this development began in April of 2012 to address the need for quicker access to hospital care for Round Rock residents, and they broke ground on December 4th. “This hospital will continue the Round Rock brand of being associated with high quality medical care. The project demonstrates Round Rock’s continued focus on quality development,” said Round Rock Mayor Alan McGraw. The nearly $20 million investment will provide a two-story, 55,000 square foot facility with 54 patient rooms, 12 high intensive care rooms, and 6 high-observation rooms. A ribbon cutting ceremony will take place on November 21st to celebrate the grand opening of the hospital.

Want to learn more about a particular listing? We'd love to visit with you. Contact Us