Austin Metro Development Updates

[We vs us]

Originally Posted by freerover

This going to become a major deal and likely get a lot of national press scrutiny soon.

Paywalled

Why is this going to get national scrutiny?

[freerover]

Originally Posted by We vs us

Paywalled

Why is this going to get national scrutiny?

[We vs us]

Made me lol, it's true.

[drummer]

I'll be honest, I can't remember (nor can I find) the updated rules for posting an article, so I'll do my best. Happy to correct it if needed:

$230 million expansion for Ascension Seton Williamson, 400+ new jobs to be created
by: Abigail Jones
Posted: Oct 17, 2023 / 12:07 PM CDT
Updated: Oct 17, 2023 / 05:28 PM CDT

ROUND ROCK, Texas (KXAN) — Ascension Seton Williamson in Round Rock is about to undergo major expansion efforts.

The hospital on Tuesday announced a $230 million expansion, which will “meet the needs of the growing Round Rock area,” according to a press release.

The expansion will include a six-story tower of 216,000 square feet which will house new operating rooms and additional bed capacity.

https://www.kxan.com/news/local/williams...n-williamson-400-new-jobs-to-be-created/


This will be a substantial expansion of the Seton hospital at A.W. Grimes and University in Round Rock. They've also been actively expanding the St. David's hospital on 620 and are working on the Baylor Scott & White at University and Mays. Lot of work in the area.


Also a great image here: https://communityimpact.com/austin/round...son-expansion-to-add-hospital-beds-jobs/

[ATX2030]

$120M industrial project rises in tiny city outside Austin

No matter how small, every city in the region is being hit by the development wave

https://www.bizjournals.com/austin/news/2024/04/23/march-capital-45-logistics-creedmoor-austin.html

Justin Sayers – Senior Staff Writer, Austin Business Journal
Apr 23, 2024

...Nearly two years after purchasing the site, March Capital Management — in partnership with Deutsche Finance America, the Denver-based real estate private equity platform of the Munich-based Deutsche Finance Group — broke ground this month on a $120 million, 900,000-square-foot, five-building industrial park it's calling 45 Logistics South. The goal is to deliver the first two buildings, totaling about 400,000 square feet, by the start of next year's third quarter...

The amount of industrial space being added to the region is impressive!

[ATX2030]

Neuralink appears to be growing in Austin
Elon Musk continues to build out his business empire in Central Texas

https://www.bizjournals.com/austin/news/2024/07/17/neuralink-expanding-in-east-austin.html

By Cody Baird – Staff Writer, Austin Business Journal
Jul 17, 2024

....Elon Musk’s Neuralink Corp. could be gearing up to expand its operations in eastern Travis County along the Colorado River.

Neuralink, which aims to implant computer chips into humans for health and other benefits, has completed a significant amount of construction at its 2200 Caldwell Lane property. Now it's planning a new office and manufacturing building on the 28.5-acre site, according to a July 10 filing with the Texas Department of Licensing and Regulation. The filing comes on the heels of Musk’s announcement that Neuralink plans to operate on its second human test patient soon.

The scope of the project is a three-story, 112,000-square-foot building with offices, a machine shop and cleanroom device manufacturing, according to the filing. With an estimated cost of $14.7 million, the project had a start date of July 15, though no significant work appeared to be underway on July 16. The estimated completion date of the project is May 31.....

[ATX2030]

DARPA taps UT for $1.4B next generation semiconductor research and fabrication facility
It's one of the largest federal awards UT has ever received

https://www.bizjournals.com/austin/news/...x_testVariant=cx_21&cx_artPos=1#cxrecs_s

By Brent Wistrom – Editor, Austin Inno, Austin Business Journal
Jul 18, 2024

.....Austin's reputation as a hub for defense-related technology is about to get another badge of honor.

The Department of Defense's often secretive innovation wing, the Defense Advanced Research Project Agency, or DARPA, has picked the University of Texas-led Texas Institute for Electronics for a major investment that will help establish a new semiconductor research and fabrication facility at two campuses in Austin.

The $840 million DARPA investment will help pay for a research and prototyping facility where industry, academia and government agencies will work on next generation chips used for satellite imaging, autonomous vehicles and other high tech tools and weapons. Those new innovations will also be used to improve the U.S. semiconductor industry.

Overall, it's a $1.4 billion project, and it represents one of the largest federal awards UT has ever received.

The first of the innovation labs will be at UT's Montopolis campus at 2706 Montopolis Dr. in Southeast Austin in a facility that used to house chip manufacturing for Skorpios Technologies Inc. and an R&D facility for Sematech. The other lab will be at the J. J. Pickle Research Campus in North Austin. Together, the spaces will have roughly 84,000 square feet of state of the art clean rooms, TIE's chief technology officer, S.V. Sreenivasan, said......

[ATX2030]

Virginia-based global data center operator eyes construction of $1.4B campus in Bastrop County

https://www.bizjournals.com/austin/news/...x-bastrop-county-austin-data-center.html

By Justin Sayers – Senior Staff Writer, Austin Business Journal
Jul 29, 2024
Updated Jul 30, 2024 11:12am CDT

.....A Virginia-based global data center operator is considering Bastrop County east of Austin for a $1.4 billion data center campus.

EdgeConneX Inc. — a subsidiary of Swedish global investment firm EQT AB — on July 26 was approved by the Bastrop County Commissioners Court for a tax increment reinvestment zone to allow for a property tax abatement. The project is tied to two parcels totaling about 112 acres at the northeast corner of Farm to Market Road 535 and Wolf Lane in Cedar Creek.

Not much else is publicly known about the project. But it was described in a public hearing notice as a "four-building data center campus facility," with costs of improvements estimated at $1.4 billion. County commissioners on July 20 established guidelines and criteria to participate in tax abatements under the state's Chapter 312 program. The formal agreement will be considered on Aug. 26......

[gillynova]

Driving view of Samsung in Taylor

[drummer]

Man that's huge.

[Jdawgboy]

The one thing that concerns me about all the development in that area is we are losing important farmland. Except for cotton, and to an extent, corn (which a good chunk of the corn is grown for non food purposes) that area grows vegetable staples. The region should push to keep some of the Blackland Prarie farmland from being developed. Or as they do in Japan, even in developed areas, have large acerage for farming mixed in.

[dilliam]

Originally Posted by Jdawgboy

The one thing that concerns me about all the development in that area is we are losing important farmland. Except for cotton, and to an extent, corn (which a good chunk of the corn is grown for non food purposes) that area grows vegetable staples. The region should push to keep some of the Blackland Prarie farmland from being developed. Or as they do in Japan, even in developed areas, have large acerage for farming mixed in.

This is about as important of a project as it gets.

[Echostatic]

Updated Bell District master plan in Cedar Park. Supposedly 1500 apartment units at full buildout. Given the site is directly adjacent to the Red Line, you'd think that this would be a good location for an infill stop. But since Cedar Park isn't a CapMetro member city that'll probably never happen.

[Novacek]

Originally Posted by Echostatic

Updated Bell District master plan in Cedar Park. Supposedly 1500 apartment units at full buildout. Given the site is directly adjacent to the Red Line, you'd think that this would be a good location for an infill stop. But since Cedar Park isn't a CapMetro member city that'll probably never happen.

plus when they realigned the road, they put it directly adjacent to the rail line, so that there isn't even really room for a station.

I've been complaining about that since they started

[gillynova]

Keep complaining so they can still be aware

[Mopacs]

Perhaps a station can be squeezed in one day across the street where the Goodwill is located, at the south end of the development.

[drummer]

It could feasibly be fit across Bell Blvd. from the district, but that would require acquiring a lot of property to make it work, and it certainly would not be able to serve as a commuter parking spot due to lack of space for the same reason - just platforms and not much else. That would certainly work for this spot, though. I think a better Cedar Park location for commuter purposes specifically would be at New Hope and Bell, next to the major NFM site coming.

[Riverranchdrone]

Originally Posted by gillynova

Driving view of Samsung in Taylor

I hope Samsung can get that factory up and running. I might have to switch jobs to there in a few years as NXP is suppose to close or sell all of its factories in America. That includes the two Freescale/Motorola fabs in Austin with in 7 to 10 years. The Chips act ended up being a bait and switch.

[freerover]

Originally Posted by Riverranchdrone

I hope Samsung can get that factory up and running. I might have to switch jobs to there in a few years as NXP is suppose to close or sell all of its factories in America. That includes the two Freescale/Motorola fabs in Austin with in 7 to 10 years. The Chips act ended up being a bait and switch.

I thought NXP was making 300 million in improvements to their existing austin labs?

[lonewolf]

the chips act will be completely overhauled into something way more productive