DEVELOPMENT BRIEFS
Projects underway in Pugerville & Hutto
COMPILED BY CARSON GANONG
Pugerville’s Downtown East project advances
PROJECT FUNDING The city must contribute almost $150 million for facilities and infrastructure for the Downtown East project.
limits and are in addition to the approximately 93,000-square- foot City Hall and approximately 120,000-square-foot recreation center. Ocials emphasized plans are far from nalized and represent only possibilities. When fully built out, city infor- mation states Downtown East is expected to bring in $1.4 million in annual revenue from property, sales and hotel occupancy taxes. Council voted 6-1 to accept a recommendation from the Puger- ville Downtown East Community Stakeholder Committee. Council Member David Rogers was the lone
Pugerville’s Downtown East proj- ect—a 29-acre mixed-use development at the northwest corner of FM 685 and East Pecan Street—will advance to its next phase following action from Pugerville City Council. At a July 26 meeting, council received a presentation on the project before voting on next steps. Among other details, the presen- tation stated the development could include up to 130,000 square feet of retail, 120,000 square feet of commercial, 500 multifamily residential units and 75,000 square feet of hotel. The estimates represent upper
“no” vote, citing discomfort with the project cost, among other issues. The recommendation included a request to proceed with solici- tation of a master developer for the creation of a public-private partnership, or P3. Additionally, City Council requested sta prepare and issue certicates of obligation not to exceed $72 million in tax-supported debt. Initial estimates say that could result a monthly tax increase of $3.38 per $100,000 of valuation. Next steps include carrying out the recommendations and holding a public engagement event for the recreation center portion.
City Hall: $81.4M Recreation center: $31.5M Public parking: $27M Public infrastructure: $9M
Total projected cost to city: $148.9M
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Titan Development purchases 188 acres in Hutto for new large industrial park
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Titan Development announced in June it
not announced a timeline for construction, nor are there details forthcoming on an economic development agreement between Titan and the city. The Hutto Mega TechCen- ter is not Titan’s rst ven- ture in Hutto. Titan is also the developer of Innovation Business Park, an indus- trial park near Innovation Boulevard that has multiple tenants, including tech- nology solutions company BryComm, door machinery company Kval and, most recently, water treatment
company Ovivo. “We anticipate this new industrial park will help meet the increasing demand by high-tech companies and suppliers to locate in the Greater Austin area,” Titan Vice President Joe Iannacone said in the release. “Our new tenants Ovivo Inc. and Kval Inc. ... are a testament to the city’s appeal as a light industrial manufacturing hub.” Hutto Economic Develop- ment Corp. Chair Mike Aris- mendez said in the release that the new industrial
acquired 188 acres of land in Hutto that it will develop into an industrial park called Hutto Mega TechCenter. Located south of US 79, adjacent to Hutto’s “megasite,” the park will include up to six industrial buildings ranging from 250,000-750,000 square feet, according to a joint release from the city and Titan in June. Hutto Public Information Ocer Allison Strupeck said in mid-August Titan has still
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park aligns with the Hutto EDC’s goal of cultivating tech-focused light-industrial business in the city. According to Hutto Economic Development Director Bob Farley, Hutto’s proximity to SH 130 and its extensive supply of develop- able land make it attractive to developers, such as Titan. “We’re thrilled with the success current developers
and businesses, such as Titan, are already seeing here as well as the contin- ued growth and prosperity Hutto will enjoy in the coming years,” Arismendez said in the release. “Hutto is strategically building a culture in which area busi- nesses support each other’s needs, their customers and, perhaps most importantly, the Hutto community.”
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PFLUGERVILLE HUTTO EDITION • SEPTEMBER 2022
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