The University of Texas’ Frank Erwin Center will soon be no more. The university announced Friday afternoon it would be tearing it down and building a new basketball arena on campus in the next 5-7 years.
“The campus master plan developed in 2012 called for the land under the Erwin Center to be used for future expansion of the Dell Medical School and the UT Health District,” UT president Gregory Fenves said.
We see report after report on the exponential growth of the Austin-area and if you've been south on Interstate 35 you know that growth extends beyond Travis county. New studies suggest that we are not that far from having a similar metroplex to Dallas-Forth Worth. Although this may seem far off see what studies from the Texas Department of Transportation and Forbes found.
A recent article written by Forbes goes into detail about the growth. "The area is home to three of the 10 counties with more than 100,000 residents that have logged the fastest population growth in the country since 2010.
In fact, there is no regional economy that has more momentum than the one that straddles the 74 miles between San Antonio and Austin. Between these two
Microlender slashes processing time, offers millions for Austin small biz loans
LiftFund Inc., a San Antonio-based nonprofit microlender for small businesses, is launching a $4.6 million loan program funded by JPMorgan Chase & Co. (NYSE: JPM) that's open for businesses in Austin to apply for today.
Besides Austin, the new loan program, called LiftUP, is targeting businesses in San Antonio, Houston, Dallas, New Orleans and Atlanta.
The loan program launch also marks the release of a pilot program that LiftFund has been tweaking for several years aimed at reducing loan processing time from five weeks to roughly four days. The move is an effort to compete with online lenders, which are typically for-profit entities that charge much higher
Stratus sells HEB-anchored retail center in $114M deal
Stratus Properties Inc., the Austin-based real estate, entertainment and hospitality company, has inked a blockbuster deal to sell its new HEB Grocery Co.-anchored retail development in Lakeway for $114 million. The purchase agreement was announced Tuesday morning in a regulatory filing.
The buyer of the Oaks at Lakeway is TA Realty LLC, a private real estate investment company headquartered in Boston with offices on the West Coast. The deal is expected to close Dec. 15.
Stratus Chairman, CEO and President Beau Armstrong said the sales process has been the most robust he's ever experienced. Stratus also owns the W Hotel, ACL Live at the Moody Theater and other commercial space in
Rock Rose is home to several locally owned businesses, which began opening in January. Businesses include Lavaca Street Bar, Turf & Surf Po-Boy, Birds Barbershop, Raven + Lily, Apanas Coffee & Beer, The Dogwood, Jack & Ginger’s, 77 Degrees Rooftop, Tarka Indian Kitchen, Salvation Pizza and Kung Fu Saloon.
When The Independent, a 58-story tower that will be the largest residential building in the city—and west of the Mississippi—was announced in April, it didn’t get the warmest reception. Immediately anointed the “Jenga Tower,” the building was to many residents all that is wrong with the ever-growing Austin. Despite the uproar, 90 percent of the...continued...