NewsTalk Texas RSS NewsTalk Texas compiled by the Real Estate Center at Texas A&M University
- Bastrop County's Big Star solar panel project goes online this monthon March 2, 2024 at 12:00 am
BASTROP – German multinational energy company RWE will soon complete its Bastrop County battery storage and solar panel project, Big Star.The 200-megawatt solar facility will participate in the Electric Reliability Council of Texas market and will have 80 megawatts of battery storage.The project will secure $30 million in taxes in Bastrop County over the project's 30-year lifetime. The system also aims to increase power grid stability as a backup power source.
- City of Hutto approves plans for Olander Farms mixed-useon March 2, 2024 at 12:00 am
HUTTO – The city council has approved a development agreement for the 90-acre mixed-use Olander Farms development at the corner of Limmer Loop and N. FM Road 1660 with HL Capital Partners LLC.The project's single-family parcel is a 20-acre tract that will be developed with about 106 homes. There are four multifamily parcels totaling about 61 acres. One tract will have 222 build-to-rent homes, a second will have up to 650 apartments, a third will have 122 for-sale townhomes, and the fourth will have up to 160 apartments. Additionally, Olander Farms has three commercial lots totaling about 12 acres. The largest is about six acres and will have up to 60,000 sf.Developers plan to employ green building practices and strive for energy efficiency and low water usage throughout.
- Alamo City's Avasa at 1604 under new ownershipon March 1, 2024 at 11:00 pm
SAN ANTONIO – Houston-based Venterra Realty has acquired Avasa at 1604, a blended rental community with 339 apartment units and 85 single-family rental homes at 6730 N. Loop 1604 E. The firm took out a loan of about $41.8 million. The site has an assessed value of about $41.6 million.Rents start at $1,260 per month, and the smallest unit is 618 sf. One-, two-, and three-bedroom floor plans are available.Amenities include a pool, fitness center, outdoor grilling stations, dog park, spa, and clubhouse. Built in 2021, the property just north of the Loop 1604 and Nacogdoches Rd. intersection has seen a rapid jump in value. Last year it was assessed at $21.4 million.
- 58-acres sold in Fort Worth for industrial developmenton March 1, 2024 at 10:00 pm
FORT WORTH – A commercial real estate firm has acquired 58 acres off I-20 and I-35W. Located at 5921 South Fwy., the land will be developed into an industrial project. Industrial Reserve represented the buyer, Reserve Capital Partners, with Younger Partners brokering the sale.
- 140K-sf West Houston retail building trades handson March 1, 2024 at 7:00 pm
HOUSTON – SSS Marketplace on Eldridge LLC has acquired a 139,538-sf retail building.The vacant building, which is part of a larger development anchored by Target, Burlington, and Marshalls, sits on 12 acres and was formerly own and occupied by Sam's Club.NewQuest Properties represented the buyer, while Weitzman represented the seller.