A new mixed-use development in Cedar Park is underway, the Austin Business Journal reports.
The project was started as a way to add office space closer to where workers are living. American Constructors found that their employees were living in the suburbs in Cedar Park, Leander and Round Rock, where housing was more affordable. Their CEO reached out to developer Riverside Resources in hopes of moving their operations from Southwest Austin to Cedar Park where most of their employees reside. The goal was to cut back on workers’ commutes.
The expansion of Apple, Inc., in Northwest Austin, as well as Charles Schwab Co., Amazon.com Inc., and HomeAway Inc. has led to a much bigger demand for housing and retail in the area.
Riverside Resources is behind the Presidio, a mixed-use community on 100 acres near West Parmer Lane and Brushy Creek Road. American Constructors is the anchor tenant and has roughly fifty percent of the 25,000 square feet of office space in the first office building in the development. Other tenants include First American Title Co., Edward Jones, and Thrivent Financial. There are plans to add another 50,000 square foot office building.
A 337 unit multifamily development called Latitude at the Presidio is set to open in early 2018.
To meet the demands of all the office workers and residents, a trail will be added through the development as well as retail. 23,000 square feet will be constructed in the first phase, with a focus on restaurant-centric design with outdoor decks, a rarity in Cedar Park.
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