Northwest Austin Retail Space at FM 620 and RR 2222
If you’ve been to the intersection of FM 620 and FM 2222 in Northwest Austin lately you will see how quickly this area has been growing. Because of this growth Retail space inventory has not been able to keep up with demand. Well that is all about to change!
Retail space in Northwest Austin is multiplying due to the growth and high demand of neighborhoods in this area such as Steiner Ranch, Riverplace, Long Canyon, Jester, Canyon Creek, etc. Over the last few years the area that was once only hill country land has blossomed into a thriving community currently boasting over 29,000 residents and 350,000 sf of Austin retail space inventory.
With new retail construction on the way that number is about to jump to over 800,000 SF of retail space and will be well positioned to serve the surrounding neighborhoods and nearby major employment centers.
This area is ripe for new retail construction with the demograghics to support it (high income residents, growing communities, and high traffic counts estimated to be over 37,000 daily on RR 620 and FM 2222). Within a 5 mile radius there are over 29,000 people with an average household income of over $112,000. This area servers 3 of the wealthiest zip codes in Austin, Tx (78730, 78732, 78726). College levels exceed 65% bachelor degrees or higher. Below are some of the existing retail centers and future retail centers to come.
Existing Retail 7301 N FM 620 – Four Points Centre – 124,523 SF 7900 N FM 620 – 112,000 SF 10601 Ranch Road 2222 – Shops at Riverplace – 30,000 SF 7350 Ranch Road 2222 – Shops at Ladera Bend – 50,000 SF
Proposed Retail 6701 N FM 620 – High Pointe Village – 6701 RR 620, Austin, Tx 78732 Southeast of RR 2222 and RR 620 intersection 113,820 Rental Square Feet Quoted Rental Rates • In-line space – $24 + $7.50nnn • End Cap – $26 + $7.50nnn Quoted Finish-Out Allowance – $25 SF
Retail under construction Trails at 620 – 8300 North FM 620 – Northwest Corner of RR 620 and Wilson Park Avenue Site sits across from the new Concordia campus with an enrollment of 2,500 students. What will eventually equate to 270,000 sf of retail, the Trails at 620 will be developed in two different phases. Phase one will consist of the development of roughly 117,000 sf and will include a movie theatre, restaurants, and several multi-tenant retail buildings. Quoted Rental Rates • In-line space – $30 + $8.50nnn • End Cap – $33 + $8.50nnn
Quinlan Crossing – Located adjacent to Steiner Ranch master planned community at the Southwest Corner of RR 620 and Quinlan Park Rd 150,000 Rentable Square Feet Quoted Rental Rates • In-line space – $34 + $7.50nnn • End Cap – $36 + $7.50nnn Quoted Finish-Out Allowance – $20 SF
If you have any questions about Northwest Austin Retail Space don’t hesitate to email or call us at 512-861-0525.