Cedar Park Welcomes Major Industrial Development
In a move that’s sure to have residents talking, Cedar Park is set to welcome a brand new industrial development that promises to bring a fresh wave of economic activity to the area. A Dallas-based firm has just acquired 22 acres right in the heart of this growing city, and they plan to make a splash with nearly 300,000 square feet of industrial space.
A Growing Cedar Park
The company behind this exciting project is Holt Lunsford Commercial Investments (HLCI), which has already made a name for itself in the Austin area with an extensive industrial portfolio exceeding one million square feet. While the exact price tag for the Cedar Park property remains under wraps, the firm has cited several reasons for their investment—chief among them being the city’s remarkable economic growth and a slew of other significant developments coming to the area.
What’s in Store?
So, what does this new development entail? Situated along Scottsdale Drive—just a stone’s throw from the popular H-E-B Center across U.S. Highway 183A—it will consist of three rear-load buildings, measuring 138,600 square feet, 97,200 square feet, and 45,240 square feet. In total, that adds up to approximately 281,040 square feet of top-notch industrial space!
While construction is not expected to kick off until late 2025, the buzz around this project is already palpable. The talented architects from Powers Brown are on board, although we’re still waiting to hear who will take the reins as the general contractor.
Why Cedar Park?
When it comes to choosing a location for this venture, Cedar Park emerged as a clear favorite for several compelling reasons. According to Jon Lueders, the vice president of development at HLCI, the city’s “prime location” in Austin’s growth trajectory, along with exciting new additions like Nebraska Furniture Mart and Scheels, make it a standout choice.
Plus, the region’s plentiful supply of highly skilled labor is a massive bonus for any business looking to set up shop. “While this marks HLCI’s first project in the city, we are optimistic that it will evolve into a long-term partnership,” Lueders mentioned in a recent emailed statement. Talk about positive vibes!
What’s Next for Cedar Park?
The buzz doesn’t stop here; experts believe the economic outlook for Cedar Park and the surrounding areas is quite promising. HLCI is not only focused on this development but is also eyeing more land acquisitions in the Austin metropolitan area as part of its new investment fund, Fund III, which just wrapped up at a whopping $132 million!
As Cedar Park continues to evolve and expand, it’s clear that residents can expect more opportunities for employment, business, and community growth in the coming years. So, keep your eyes peeled and stay tuned for updates as this exciting development unfolds!
