Development
Real estate
BY BRITTANY ANDERSON
Industrial development coming to San Marcos Whisper 35 is a five-building industrial park being built in San Marcos. The gist The project is being developed in two phases, and two of the five buildings were completed during the first phase of the project in 2021. Developer Greystar Real Estate Partners has broken ground on Phase 2 of the project, and the remaining three buildings are now under
St. David’s acquires land for new hospital St. David’s HealthCare is set to begin work on a new hospital in Kyle. The backstory The hospital group announced it was pursuing a location in 2022. A location was selected at FM 1626 and Marketplace Avenue, and a letter of intent has been signed to purchase the land, according to St. David’s. The full-service acute care hospital is estimated to open in late 2024.
78666 Number of homes sold
July 2022
July 2023
Residential market data
The home market in San Marcos, Buda and Kyle continued to balance out in July, according to data from the Austin Board of Realtors. The median costs of homes for the three cities were also down across the board with Buda seeing the largest year-over-year decrease in home sales at almost 20%.
35
74
+12.16%
83
78640
FLUSTERN RD.
78666
121
P O
+4.96%
78640
N
127
78610
21
78610
Road, San Marcos. Whisper 35’s second phase is set for completion in early 2024, comprising 494,926 square feet of industrial space. What they’re saying “Our project is located in the heart of Hays County and Texas’ Innovation Corridor,” said Spencer Holcomb, Director of Development for Greystar. “The project is benefitting from the rapid growth of several industries, including automotive, semicon- ductor manufacturing, regional distribution and destination attractions.”
35
66
-6.10%
62
construction. A closer look
Median home sales price
Manifest Commerce—an eco-friendly logistics company offering carbon-neutral services to busi- nesses—has leased the second building in nearly 90,000 square feet of space, bringing Phase 1 to 100% occupancy. The industrial park is located at 912 Flustern
2022
2023
N
78666
-5.95%
$364,990
$388,082
1626
78640
-9.07%
$359,990
$395,901
MARKET DATA PROVIDED BY AUSTIN BOARD OF REALTORS 512-454-7636 • WWW.ABOR.COM
35
78610
-16%
$402,500
$479,025
N
SAN MARCOS 510 Barnes Dr (512) 392-0366
CREEKSIDE TOWN CENTER 263 Creekside Crossing (830) 608-1969
SOUTHPARK MEADOWS 9900 IH-35 Service Rd S (512) 280-7400
NEW BRAUNFELS 1671 IH-35 S (830) 629-0434
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