Tarantino Properties, Inc. Announces Acquisition of North Park Shopping Center.

Austin TX, May 2018: TX — Tarantino Properties, Inc. is pleased to announce, on May 10, 2018, the acquisition of the North Park Shopping Center located at 9616 N. Lamar Blvd in Austin, Texas.  The neighborhood retail center has gross leasable area of 110,049 SF on approximately 10 acres.  North Park is in a prime, urban infill location in the growing North Lamar corridor of Austin.  The property is currently 93% occupied to a diverse blend of local and national tenants such as Aaron Rents and Dollar General.  Tarantino Properties will manage and lease the property from its Austin office, led by Nick Tarantino.  The selling broker was Jim Batjer, a Senior Managing Director at HFF, LP.

Click here to view press release. 

New Story and ICON Unveil First Permitted 3D-Printed Home Created for the Developing World

The first permitted, 3D-printed home created specifically for the developing world was unveiled today in Austin, Texas by New Story, the non-profit working to create a world where no human being lives in survival mode, and ICON, the newly launched construction technologies company leading the way into the future of homebuilding by using 3D printing to make major advancements in affordability, building performance, sustainability and customizability.

The 3D-printed home serves as proof-of-concept for sustainable homebuilding that will allow for safer, more affordable homes for more families, faster than ever. The printer, called the Vulcan, is designed to work under the constraints that are common in places like Haiti and rural El Salvador where power can be unpredictable, potable water is not a guarantee and technical assistance is sparse. It’s designed to tackle housing shortages for vulnerable populations instead of building with profit motivation.

Click to red more at www.businesswire.com

Texas A&M System breaks ground at RELLIS for its first academic building on the campus

The Texas A&M University System broke ground Thursday morning on its first academic building to be located on the RELLIS Campus, playfully marking the occasion with bulldozers in lieu of the typical ceremonial shoveling.

The $42 million, three-story building will be 68,000 square feet and feature faculty offices, 10 classrooms, group learning and collaboration spaces, allied health teaching laboratories, upper division science laboratories and more. The first facility in the 112,460-square-foot RELLIS Academic Complex — expected to be capable of accommodating 2,500 students — is set for a June 2019 completion.

Executive Vice Chancellor and Chief Financial Officer for the A&M System Billy Hamilton called the ceremony a milestone in the development of the campus, which was publicly announced just 22 months ago.

Click to read more at The Eagle.

Pearl developer lands acreage near Hemisfair

SAN ANTONIO – The San Antonio Independent School District voted to sell roughly five acres just south of Hemisfair for $14.5 million.

The property was sold to Broadway SA Investors, the real estate arm of Silver Ventures, which redeveloped the Pearl Brewery.

The four tracts being sold are located at 620 Matagorda St., 211 Lavaca St., 215 Lavaca St., and 141 Lavaca St., and are grouped into two lots with two different zoning designations. 

The first lot contains 0.79 acres and is zoned for residential-mixed use; the second contains 3.95 acres and is zoned for office use.

Read more at Real Estate Center

Is Third Time The Charm For CodeNEXT?

City staff has unveiled a third version of Austin’s land development code, touting its ease of use and preservation of neighborhood character. City Council launched the rewrite of the Austin land development code, known as CodeNEXT, in 2013 after a series of messy battles over large-scale development. Consultants who presented the newest version of the code to council Tuesday morning talked about how the latest zoning maps reflect the character of existing neighborhood plans; incorporate the Imagine Austin goals of growth along Austin’s major corridors; and consolidate three decades of policy decisions.

Read more at: https://www.bisnow.com/austin-san-antonio/news/commercial-real-estate/is-third-time-the-charm-for-codenext-84996?utm_source=CopyShare&utm_medium=Browser

University of Texas Seeks Private Partner to Develop New Longhorns Basketball Arena

AUSTIN, Texas — The University of Texas at Austin is making the first step toward the construction of a new on-campus basketball arena by soliciting interest from potential qualified developers to build and operate a new arena and basketball training facility, with minimal financial outlay from the university.

The anticipated public-private partnership between UT and an outside entity would be groundbreaking in college athletics and enable the university to build a state-of-the-art basketball venue that can also host concerts and other events.

“We have a unique opportunity to develop a world-class arena and training center for the men’s and women’s basketball teams that will help us recruit and support elite student-athletes, improve the fan experience and host games just a short walk away for our student fans,” said UT Austin President Gregory L. Fenves. “Just as important, we are looking to do this at little cost to the university and no financial cost to the community.”

Read more at news.utexas.edu