High value property for development. The only hard corner entrance adjacent to the Circuit of the Americas. Additionally, the property is located in an Opportunity Zone.
Nearby Expansions and Developments:
-Velocity Development: A 7 million SF development that began in 2021. Will open in phases over the next 10 years. One of the largest recent developments, surpassing Austin Green's 2.25 million SF
-Greenport Airport: Rapid expansion in recent months. Plans for a 5,000-acre "World Trade Center Austin" featuring a mixed-use industrial campus and technology park around the private airport
-Future Attractions: Rezoning could lead to a new water park and other developments near Circuit of The Americas
Local Infrastructure:
-KB Homes Stoney Ridge (Highlands): 500 rooftop subdivision down the road.
-Hines’s Mirador Mixed-Use Development: 1,400-acre project around the corner. Adjacent to a 120-acre commercial/retail development
-Transportation Corridors: Pearce and Elroy designated as major arterial corridors. 4-lane expansion down Kellam Rd. from Hwy 71 to Elroy
-Maha Loop: New loop road being constructed immediately to the east
-Surrounding Development: Nearly 100 million sq. ft. in retail, commercial, and residential (MF/SFR) development planned within 5 miles