The recent announcement of the Austin, TX-based Formula One race track in Southeast Austin has triggered lots of conversation between Austinites, developers, commercial realtors and those businesses that might be looking to move to that area.
Watersedge, according to the Austin Business Journal will be a 417-acre, $215 million mixed-use, master planned community and the race track will be just a stone’s throw away.
While the entire development is massive in size, there will be a limited amount of retail and office space being developed —just under 400,000 square feet. If this area is right for your business you might want to race to your local commercial office advisor’s office to get more details on the development.
Thanks to a quickly improving economic market in Austin, there are lots of plans in this area of town for commercial and residential development that have been approved for the 2010-2012 timeframe. Specific commercial development along and around the State Highway 130 corridor include a race track, a ranch development, and loads of retail space.
Whether you’re looking to expand or want to relocate to a new and upcoming area, Austin Tenant Advisors can help you determine if this new development is right for your business.
