Development
BY BROOKE SJOBERG & BEN THOMPSON
Austin to annex, support 2.6K-acre development The city will annex more than 2,600 acres of land along the Colorado River known as the Dog’s Head for a large-scale redevelopment over the coming decades. The big picture The Dog’s Head covers several square miles by the river just north of the airport. An entity tied to Endeavor Real Estate Group owns tens of millions of dollars of property in what’s now an underused industrial zone, and a long-term development agreement with Austin could transform the area. The public partnership would support a “revi- talized mixed-use district,” according to the city. Austin will annex the Dog’s Head and create a tax increment reinvestment zone, or TIRZ, to capture some of its expected property tax growth over time and fund local improvements there. Public bene ts such as a ordable housing, open
Retail, o ce project breaks ground Spark Root Development broke ground on a seven-building, 152,000-square-foot development April 23. What you need to know The Collective East near Colony Park is among the largest-ever commercial projects east of US 183, according to broker ECR. It’ll house over 100 ex commercial suites for retail, workshop, o ce and warehouse uses.
Dog's Head development
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space and a 6-mile nature trail will be included around the Dog’s Head. A speci c development plan for the area covering around 4 square miles has yet to be detailed, but an advanced manufac- turing project is expected as an initial tenant.
A rendering of the mixed-use project shows what The Collective East could look like.
RENDERING COURTESY ECR
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HIGHLAND 5775 Airport Blvd (512) 366-8300
35TH STREET 1500 West 35th St (512) 277-2518
NORTH LAMAR 914 North Lamar (512) 214-6665
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