Commercial development continues across Liberty Hill; tenant activity slows
By Rachel Madison
The development of new shopping centers and office condos in and around Liberty Hill has continued to stay strong into the new year. While the demand from new tenants hasn’t been as active, that demand is expected to pick up over the next few months.
The newest development in Liberty Hill, Vista at 29, is a mixed-use project that is expected to bring retail, restaurants and office space to the SH 29 corridor. The development will be located approximately a mile west of Ronald Reagan Boulevard and two miles east of US Highway 183 and will be 112,000 square feet. The development is slated to include two retail buildings, three office buildings, three restaurant sites and one pad site.
“We have units for lease and for sale and will have space available for sit down restaurants, including restaurant space that will have beautiful views off the back vista,” said Ryan Perry, broker and vice president at leasing agent Asterra.
Other possible opportunities in the new center will include drive-thru restaurants, coffee shops, neighborhood service providers like nail salons, pharmacies and grocery stores; health care providers like dentists and doctors; and professional or medical office space for attorneys, insurance agents and real estate companies, Perry added. According to Asterra, Vista at 29 will provide great visibility to over 19,000 vehicles per day on SH 29.
“Vista at 29 will serve the booming cities of Liberty Hill, Georgetown, Cedar Park and Leander,” Perry said. “We are now leasing and selling with pre-construction pricing. We expect the property to be finished and available for occupancy in August or September.”
Highway 29 Office Park, located at 14001 W. SH 29 in Liberty Hill, is owned by Youngquist Investments and has a few tenants, including home building companies Goertz and Iselt Construction, LLC; KLM Design Build; and a professional therapist. Perry is working on adding more tenants to the building and hopes to have it full this spring.
“The Highway 29 Office Park is doing great,” he said. “We expect to add several large office and retail tenants to the list this month.”
Panther Plaza, located at the northeast corner of SH 29 and CR 200, has been complete since October 2019, but has yet to sign any tenants. The property is delivering options of 1,200 to 10,000 square feet in shell condition, said Kim Nordquelle, commercial adviser for leasing agent Retail Solutions.
“Being the new year, activity should be picking up again now that it’s after the holidays,” she added.
Progress on a couple of new businesses is ongoing at Water Tower Center, at 14125 W. SH 29 in Liberty Hill. The first, Texas Taco Kitchen LLC, is slated to open at the end of February or beginning of March, said Monique Rivera, broker with Asterra. The other business, a Baylor, Scott & White therapy group, will move into the center by the end of February. Both businesses will be opening in the center’s Building B, which is the southernmost building on the property. Grand Donuts is currently the only occupant in the center’s Building A.
“We would love to add more medical, ice cream, a hair salon, a dentist, an orthodontist, martial arts, yoga, or a gym at the Water Tower Center,” Rivera added.
Jardin Plaza, located next door to Mexican restaurant Jardin Corona at 15395 W. SH 29, is being developed by JLB Real Estate. Francisco Puebla, co-owner of developer JLB Real Estate and manager of Jardin Corona, said the building will consist of six units total ranging from 1,500 to 2,000 square feet each. Tony Zarate of PH Construction, the general contractor on the project, said the project should be completed by April.
“We are at the foundation stage of the project,” he said. “We poured the foundation a few weeks ago and we are now awaiting our steel delivery to finish construction.”
The Shops at San Gabriel Ridge on Highway 183 in north Leander have yet to sign on any new tenants beyond what is already in business there, which includes Furniture Market, Sabino’s Pizza Pub, Frontier Bank and Perky Beans, among others.
“As of right now we do not have any new tenants coming in,” said Rivera, who serves as broker for the property. “We would love to add any medical tenants, a nail shop, a tanning shop, yoga, martial arts or ice cream.”
The 183 Highlands Retail Center, located on Highway 183 heading north into Liberty Hill, has one business in process of construction.
“Dr. Armando Reid with #thesmiledoc is in the process of beginning construction on the north end cap and should be open for business this spring,” said Tawney Stedman, a broker with Capella.
In addition to the retail center, commercial pad sites and an office park are also a part of the mixed-use development. Stedman said the Highlands Office Park’s office condos first building will be completed by the end of January.
“The building is 9,100 square feet,” she said. “We are offering suites size 750 square feet and up for lease or purchase.”
Already signed on to a couple of the commercial pad sites are Trillium Montessori, a childcare center, and Paws Landing, a luxury dog daycare, groomer and indoor dog park. They are anticipated to open by January 2021 and late 2020, respectively.
“Now that the retail building is constructed and the office condos are going up, we have been pleased with the activity on both projects,” Stedman said. “Once our buyers and tenants are in place the traffic in the center will create excellent synergy for the remaining office and condos. This has been an exciting project for Capella and we look forward to seeing what other users join us.”