Development
BY ZACHARIA WASHINGTON
O cials with cable television shopping network Shop LC con rmed the start date for construction of the company’s Cedar Park headquarters will likely be in 2027. The company was supposed to break ground on the new facility in early 2023 and open in mid-2024. However, the groundbreaking has been signi cantly delayed due to in ation, cost of construction and interest rates, Shop LC President Vineet Ganeriwala said. Ganeriwala said the company resigned a lease in April for its building in Round Rock. The new lease will expire in June 2029. Shop LC still owns the land at 1500-1700 N. Bell Blvd., Cedar Park, and the company is not looking to sell it, Ganeriwala said. Shop LC’s new HQ hits delays
Also of note
Per a 2021 economic development performance agreement with the city of Cedar Park, Shop LC is responsible for building a 200,000-square- foot o ce with a $50 million capital investment. The company is also responsible for creating a $75.7 million payroll with 1,000 full- time employees by 2033. Shop LC is expected to bring roughly 500-700 jobs to Cedar Park. While Shop LC’s agreement with the city will not change, Ganeriwala said the company will be discussing the deadlines outlined in the agreement with city o cials. He said the company has informed the city about the construction delays. If construction begins on the new facility in 2027, it will take roughly 18 months to reach completion, Ganeriwala said.
Shop LC is a cable television shopping network that sells jewelry, handbags, fashion accessories and more.
ZACHARIA WASHINGTON COMMUNITY IMPACT
Dates to know
Original timeframe for Cedar Park groundbreaking
Early 2023
Shop LC resigned lease in Round Rock
April 2024
Original timeframe for Cedar Park opening
Mid-2024
New expected Cedar Park groundbreaking
2027
Round Rock lease expires; Cedar Park facility opens
2029
High water-use season is here. Watering restrictions are in effect.
Follow your watering schedule. Follow no-watering Mondays. Pledge to conserve water. Your Checklist:
If you live in 78626, 78628, 78633, 78641, 78642 this schedule may apply to you! Visit water.georgetown.org to find out.
19
LEANDER LIBERTY HILL EDITION
Powered by FlippingBook