All Forum Posts by: Neil Narayan

@Santosh Prabakar 

Yes! Investor property appraisal will now be capped (for props <$5M) to 20% for 3 yrs. This is a biggie as some of my clients saw 50% increase in appraisal in 1 yr :o

Leander has been great for me but Hutto has been a little slow in terms of finding tenants. Are you seeing the same thing? @Zack Oberlies

The deal is the largest-ever legislative effort to rein in skyrocketing property taxes and keep homeownership attainable and sustainable for Texans.

The Texas Legislature is poised to approve more than $18 billion to rein in Texas property taxes. The compromise reached between the House and Senate will include a $100,000 homestead exemption, $12 billion to buy down local school tax rates, and a pilot program to impact appraised values, targeted toward small businesses.

https://www.texasrealestate.co...

Two large, private projects are in the works in Hutto: a massive data center campus called PowerCampus Austin from Skybox Datacenters LLC and an industrial hub called Hutto Mega TechCenter by Titan Development

https://www.bizjournals.com/au...

Dallas-based Skybox Datacenters secured unanimous approval from Hutto City Council for a development agreement for datacenter space called "PowerCampus Austin" on track for completion late next year

The agreement between the city and Hutto Data Center LLC clears the way for the companies to build a roughly 600-megawatt campus on about 159 acres at the southeast corner of U.S. 79 and County Road 132. A concept plan indicated six buildings totaling 3.9 million square feet could rise: four 750,000-square-foot buildings and two 467,000-square-foot buildings.

https://www.bizjournals.com/au...

IBM has leased about 320,000SF space in newly proposed twin towers at northern tip of Domain

https://www.bizjournals.com/au...

The Domain area, aka Austin’s second downtown, is the geographic center of the developed Austin metro area, thanks to Williamson County’s housing boom. Downtown Austin is actually on the southern end of our built-out metro.
Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height. That remains to be seen. But to be sure, we are in the infant stages of developing twin cities within one city. We're beginning to see two distinct downtown-like skylines already.

https://www.bizjournals.com/au...

A multibillion-dollar Chinese industrial laser business has purchased 262 acres in Manor near Samsung and Tesla, where it plans to build a large 400,000 SF manufacturing facility that employs hundreds

https://www.bizjournals.com/au...

Your guess is as good as mine but looking at the track record of this developer, they have executed on two of the largest developments in Austin already so they are very credible. 

Group known for massive projects like the Domain and Saltillo, plans one of the largest development in East Austin to construct 1,400 residential units, more than 400,000 SF of offices, more than 100,000 SF of retail space and a 220-room hotel

https://www.bizjournals.com/au...