DEVELOPMENT UPDATES
Projects underway in Cedar Park, Leander
COMPILED BY ZACHARIA WASHINGTON
RENDERING COURTESY OBSIDIAN CAPITAL COMPANY
RENDERING COURTESY THE PRIME DEVELOPER
NEWAPARTMENT COMPLEX TO BREAK GROUND IN LEANDER Glenwood Apartments, a 95,250-square- foot complex, will break ground at 2804 Bagdad Road, Leander, by mid-2022. Located across the street from Leander High School, between Bahama Buck’s and Dollar General, Glenwood will be three stories tall with 84 apartment units. The apartment complex will have one- and two-bedroom options and 126 parking spaces. Residents will have access to an amenity center that includes the leasing oce, an internet cafe and a sitting area. “[Glenwood] is well located near restaurants, a theater, the high school, and [it’s] a safe neighborhood,” said Glenn Gonzales, owner of the property and CEO of Obsidian Capital Co.
MIXED USE DEVELOPMENT UNDERWAY IN LEANDER Ronald Reagan Crossing—a 100,000-square-foot mixed-use site located at 15101 Ronald Reagan Blvd., Leander—is under construction. Phase 1 of the development consists of 45,000 square feet of retail space; 37,000 square feet of oce space; 10,000 square feet for The Learning Experience, which is a day care center; 6,000 square feet of drive-thru restaurant space; and 510 parking spaces. Construction on Ronald Reagan Crossing began August 2021, and Phase 1’s expected completion date is spring 2023. A few restaurants coming to Ronald Reagan Crossing include The Brass Tap,
Tea2go TeaN’ergy, an Indian restaurant and co¡ee shops, according to the developer, The Prime Developer. Phase 2 of the project will consist of additional restaurant, retail and oce space, and is expected to begin construction in September. Space: 100,000 square feet Timeline: 2022-April/May 2023
Because Glenwood o¡ers fewer amenities than other Class A apartments in the area, rent will be less expensive, Gonzales said. Glenwood Apartments is expected to be fully constructed by spring 2023. The site also includes 10,000 square feet of retail and oce space. Space: 95,250 square feet Timeline: mid-2022-spring 2023
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