Found 14 blog entries tagged as tesla.

Construction crews continue to add to the Tesla gigafactory, which is spawning a tsunami of ancillary development. JERRY L. BROOKS / BALLISTIC BLADE ENTERTAINMENT

Austin Business Journal writes, "A wave of development is washing over far East Austin, turning empty fields into hulking buildings.

The area around Tesla Inc.'s mammoth gigafactory is considered by many to be Austin's final frontier, and developers are taking the plunge now that Elon Musk has warmed the water. Mixed-use projects, multifamily housing, office towers, shopping centers and more are poised to transform the "eastern crescent" of Austin, which roughly follows the relatively new State Highway 130 toll road.

Here is a look at some of the largest projects on tap in the area. They will create a mountain of work for construction crews and yield abundant opportunities for others. County and municipal planners — especially road builders —…

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Tesla's Austin gigafactory has a huge, somewhat unseen, network of support facilities all across the Austin area. TESLA INC.

Austin Business Journal writes, "The impacts of the Tesla Inc. gigafactory in eastern Travis County can be felt all the way out to an inconspicuous warehouse in Hutto, a vast greenfield at the north end of Georgetown, a train rail line in Taylor and a sprawling industrial complex in Kyle and even a bus station in Killeen, where gigafactory workers are picked up for work each morning for a 150-mile round trip.

Those sites — and just about everywhere in between — are among the locales where the "Tesla effect" is coming to fruition, referring to how the company's headquarters relocation to Austin has spurred additional economic development in the region. That's either through direct investment by the company itself, Tesla suppliers moving here, or…

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Flora will eventually be home to around 2,800 residences. EMPIRE CONTINENTAL LAND

Austin Business Journal writes, "Thousands of homes are headed to Hutto, where Houston-based Empire Continental Land LP is building a sprawling new neighborhood.

Empire Continental Land, the Texas land division of residential builder and developer Empire Communities, announced March 18 that work had begun on the project. Flora, as it is called, will rise on more than 800 acres and have nearly 3,000 homes once complete. It’s yet another example of massive neighborhoods sprouting in largely rural areas of the metro as Samsung Electronics Co. Ltd., Tesla Inc. and other companies expand in the region and spur population growth.

“Hutto is in a period of dynamic growth for both businesses and residential communities,” said Steve Sellers, president of…

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River City Capital Partners is planning a 700-plus apartment development at 6610 Riverside Dr..` SCREENSHOT OF CITY OF AUSTIN DOCUMENTS

 

Austin Business Journal reports, "River City Capital Partners is planning a big apartment complex in Southeast Austin near the airport.

The project is set to include more than 700 apartments northwest of Austin-Bergstrom International Airport, according to site plans filed with the city. That's about a 15-minute drive from Tesla's Gigafactory, which has ramped up to more than 20,000 employees. The project will be developed in multiple phases and will have an affordability component.

River City Capital did not respond to requests for comment.

The project will rise on about six acres at 6610 E. Riverside Drive and will consist of 708 apartments. While the site plan did not indicate the total square footage of the project, it did specify…

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Austin American-Statesman writes, "amid ongoing demand for industrial space in Central Texas, a project near Austin-Bergstrom International Airport landed $18 million in financing.

MDH Partners, an Atlanta-based real estate investment company, closed on $17.8 million in financing from Regions Bank for the project, called 71 Logistics Center.

The industrial building, which will have 216,000 square feet of space, broke ground in August on 45 acres near the airport. 

The building is at Texas 71 and Norwood Lane, 6 miles southeast of the airport, in the five-county Austin region that is home to more than 2.2 million people.

Once completed in the second quarter of next year, 71 Logistics Center will increase MDH Partners’ Texas footprint to…

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Elon Musk is planning on building a “utopia” in Texas, a whole new town on thousands of acres of farmland recently bought outside the state capital of Austin.

Deeds and land records show the extent of the project and the billionaire and Twitter owner has attended meetings with land owners and real estate agents in which he and his staff have outlined his ideas for the project that The Wall Street Journal calls “a sort of Texas utopia along the Colorado River” where staff could both live and work.

Top executives at the Boring Company, the Tesla CEO’s tunnelling firm, have looked into placing the town in Bastrop County 35 miles from Austin, allowing Mr Musk to regulate some issues in a municipality of his own and speed up the projects.

People…

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Henley and Partner’s 2023 wealth report found that America’s fastest growing cities for millionaires all experienced a 70% millionaire growth from 2012 to 2022.Seksan Mongkhonkhamsao | Moment | Getty Images

CNBC reports, "cities like New York City and L.A. might be some of the wealthiest in America, but it’s smaller cities that are becoming more and more appealing to millionaires.

According to Henley and Partner’s 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them.

Top 5 fastest-growing U.S. cities for millionaires

  1. Austin, Texas
  2. West Palm Beach, Florida
  3. Scottsdale, Arizona
  4. Miami, Florida
  5. Greenwich and Darien, Connecticut

The No. 1 city on the list is Austin, Texas. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. In December 2022, Austin was home to…

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An example of the homes being marketed now at Wildhorse Ranch. BROHN HOMES AND PULTE HOMES

Austin Business Journal writes, "another undeveloped chunk of land has taken a step toward becoming single-family homes in Northeast Austin.

During the Oct. 25 meeting of the Austin Planning Commission, the preliminary plan for Pinnacle at Wildhorse Ranch gained approval to divide 60 acres into 57 lots within the city’s Gilleland Creek watershed.

The approval represents an expansion to Wildhorse Ranch that has risen on 1,450 acres next to the newly requested expansion.

The development is a product of Austin-based Dwyer Realty Companies, led by longtime developer Pete Dwyer, and the request and the preliminary plan were presented to the commission by Kevin Burks, a civil engineer at the design consulting firm Kimley-Horn.

Dwyer Realty did…

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Indiana-based White Lodging is gearing up to develop a 269-room high-rise hotel at the intersection of Fifth and Trinity streets.

The project, planned at 307 and 311 E. Fifth St., would rise 128 feet and encompass 188,640 square feet, according to public documents.

While White Lodging is developing the project, the owner is listed in public documents as 311 E 5th Series, a subsidiary attached to Finley Company.

The project site is about four-tenths of an acre. The space is currently occupied by low-slung buildings that were once home to the Trinity Hall event venue and House restaurant and bar (formerly Russian House), both of which have closed.

White Lodging declined to discuss more granular details of the development at this time.

In…

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The company plans to deliver the first apartments in the fourth quarter of next year.

Multifamily real estate company RangeWater has commenced construction on The Darby, a new development in the Austin suburb of Manor, Texas. The Darby will feature 326 apartments and 24 townhouses spread across a 25-acre property. The company plans to deliver the first apartments in the fourth quarter of next year.

The garden-style apartments will be joined by townhouses that will offer three bedrooms, two-and-a-half baths, garages and private outdoor areas. A fitness center will be among The Darby’s leading common-area amenities.

RangeWater closed on the parcel three months ago, starting construction the following month. The property is located in the Texas…

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