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Lakeline Boulevard at Lake Creek Parkway

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Written by Laura Wickett Wednesday, 14 May 2008

The intersection of Lakeline Boulevard and Lake Creek Parkway is at the center of the area’s transportation growth. Located between Capital Metro’s commuter rail station and a Texas Department of Transportation testing facility, these projects incorporate a “live, work and play” environment alongside open space and walking trails. Transit-oriented development is at the heart of these mixed-use projects.

Aerial Map of Lakeline Boulevard at Lake Creek Parkway

1. This 11-acre tract was recently pulled off the market. The owner plans to develop the property. The timeline and site plans have not been finalized.

2. Great American Financial Resources relocated to its north Austin facility in January. The supplemental insurance company expanded its offices, moving from Parkcrest Drive off RM 2222 in Austin. The company is based in Cincinnati, Ohio. Up to 25,000 sq. ft. of space is available adjacent to Great American. The shell space is divisible and is ready for build out. The building can accommodate offices, showroom and warehouse space.

3. The Texas Department of Transportation Cedar Park Campus serves as a regional testing facility, as part of the construction division, for materials and pavements. The campus was established in 2001 and employs an estimated 200 people.

4. This four-acre corner will likely host a mixed-use retail development with pad sites for restaurants or banks. There is no construction timeline currently set.

5. Capital Metro Lakeline Station (Park & Ride Northwest) is undergoing improvements in preparation for the commuter rail. Windscreen installation is complete, and the remaining above-ground amenities, such as canopies, lighting and paving tiles, should be complete by the end of August. The commuter rail is scheduled to begin service by the end of the year.

6. The Crossings at Lakeline is a 70-acre, mixed-use, transit-oriented development. Phase 1 is currently under construction, consisting of two office buildings with a total of 235,000 sq. ft. Phase 1 is expected to be complete by June 1. Development plans include 1,469 multifamily units, with construction beginning in the fall. The plan also anticipates 1.5 million sq. ft. office space and 29,000 sq. ft. retail space. There is no timeline set for these components of the multiuse development.

7. Platinum Lakeline will break ground in summer 2008. The 8.32-acre multi-family complex will feature 223 units. The gated apartment property will include standard features such as a resort-style pool, clubhouse and fitness center, along with luxury finishes like wine refrigerators. The complex will also include a dog park in the back of the property. Construction is expected to take 12 to 14 months.

8. The Presidio is a 128-acre mixed use development. While the plans are still in negotiations, the site will have multi-family, office and hotel components. The northeast corner of the property is proposed to included a transit-oriented development along the rail line.