Quote:
Originally Posted by We vs us
I'm interested . . . why wouldn't they choose to build closer in to Austin? Is it just land prices, or does that location specifically have a draw?
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Somewhat of a combination. Depending on the industry, manufacturing generally requires a lot of surface area (not everyone can build multi-level manufacturing sites like Tesla or GM) - so cheaper land, and therefore cheaper buildings, are desirable and necessary. Many of the larger developers of industrial facilities are seeking places with cheaper land. Also depending on the industry, your labor pool matters. Georgetown can pull from most of the Austin metro (especially due to 130 allowing a lot of folks to bypass all the traffic) but comfortably from 45 and north. That opens up a lot of potential salaried jobs on the operations and engineering sides. It can also pull from Killeen, Belton, Temple, etc. That opens things up significantly if you have a lot of tech or assembly needs due to lower cost of living the farther out you go.
From a logistics standpoint, we look at proximity to major metro areas, trucking, rail, etc. We're near 35 and, again, 130. 290 to Houston is nearby, etc. Taylor is building their multi-modal facility with an emphasis on rail, but it's also easy to get up to Alliance for rail if need be. We also look at major distribution centers for major brands and where those are already located. It's not difficult to get to/from the Port of Houston, which helps with receipt of raw materials, etc., but also international container shipping. We're centrally located nationally and really for the entire North American market.
Quote:
Originally Posted by Mopacs
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Costco is a huge win - my family is thrilled about that. However, the map you show isn't entirely accurate. It's actually
here.
The new HEB on 29 is opening soon (replacing the old one across 35 on 29). The land at 195 and 35 I'm keeping an eye on - I've only ever seen reference to it on these types of documents, and only a few of them at that. HEB, I guess, owns it. If and when they do something with it, who knows? What I do know is that Jarrell has a Brookshire Brothers and that's about it, so it would be advantageous for HEB to tap into development heading up 195 and up 35 from that location.
Lowe's would be awesome because Georgetown only has a Home Depot currently (also an Ace and a Harbor Freight, to be fair), but reading about the drop in Lowe's revenue forecasting makes me wonder what sort of timeline they're considering. If I recall, the site is actually immediately north of Costco on the access road, not as far north as that plot that HEB owns. I think
here, if I recall correctly.
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