Business booming on Cypress Creek Road

Business booming on Cypress Creek Road

Written by Mandy Hobby Thursday, 07 December 2006

Retail and professional developments locate on Cypress Creek Road as growth from Austin moves north

Noble Development Group’s decision to relocate their North Austin firm to Cypress Creek Road seemed logical to Minka Anderson. The director of leasing and acquisitions for the commercial real estate development firm said Noble wanted to relocate and build a new 32,000 sq. ft. office and retail complex after statistics suggested the area surrounding RM 620 and US 183 was becoming the new center of Austin.

“We wanted to be in this area because there is just such easy access to US 183, US 183A, RM 620, Parmer and MoPac,” Anderson said.

Noble broke ground on Cypress Creek Village June 15, and plans for the structure to be completed in February. Noble will occupy 6,000 sq. ft. on the top level of the two-story development in April and hopes to fill the lower level with retail and office space.

A title company has already agreed to lease space, as well as a dermatologist. A chain restaurant out of Mexico will also tenant in Cypress Creek Village. The restaurant will be the owner’s first in the U.S., with others planned to open throughout Texas.

Anderson said she is most excited about the design of the building. The two-story lobby will feature a floor-to-ceiling glass window. Architect Steven Levy of Clayton, Levy & Little designed the building to resemble the warehouse district in downtown Austin.

Liberty Plaza

Another retail center will open adjacent to Cypress Creek Village this month. Liberty Plaza, a 10,000 sq. ft. strip center, is 50 percent leased and includes a drive-through liquor store, a dry cleaners and a nail salon. Lyly Fisher, real estate broker for Keller Williams, is expecting a café or restaurant to tenant the project, as well.

“This is such a booming location,” Fisher said. “It is surrounded by professional families and businesses and Austin Community College.”

Fisher said Cedar Park’s growing population was a factor when her investors chose the site. When the population increases, so does the amount of residential neighborhoods and schools.

Medical & Professional Offices

Other developments underway on Cypress Creek Road are geared toward medical and professional office space.

Fred Sides, Scout Commercial Properties agent, is in negotiations with three tenants to occupy space at La Fontana, a 13,000 sq. ft., two-story Tuscan-style building. Greg Stratton bought the property two years ago and the project will be finished early next year.

Sides attributes Cypress Creek Road’s development to its easy-access appeal.

“Traffic has easy access from both directions because there are no medians,” Sides said. “There were already utilities in place on most of the road and there is easy mobility to all of the major roadways.”

Steve Windell, real estate agent for Coldwell Banker United Realtors, is developing another medical and professional office complex on Cypress Creek Road west of Lakeline Boulevard called Sun Chase Plaza II.

According to Windell, the exterior is finished and the roof is 90 percent complete, and the building will open two months ahead of schedule in January. Local dentist, Dr. Steve Snowdell will relocate his offices and move in as the first tenant.

Cypress Creek’s Appeal

Just as Sides compliments Cypress Creek Road’s mobility, Windell thinks the location is the best suited for medical and professional offices because of the close proximity to so many schools such as Cedar Park High School and Austin Community College.

“What used to be a stagecoach stop a long time ago can now provide for a workforce from North Austin to Leander,” Sides said.

Cedar Park Chamber of Commerce president, Harold Dean, points out the need for additional space for medical, professional and retail along Cypress Creek.

“This will help grow the economy on a different level for residents,” Dean said. “Cedar Park has been behind the curve with office space and these developments will allow for different types of businesses to relocate and open here in the city.”