Cedar Park: Town Center Land Open to Commercial Development
Featured Photo (above): Part of the Cedar Park Town Center has been sold to the local Economic Development Corp. for marketing toward future commercial development. Image: Google Streets
By Edmond Ortiz
Cedar Park (Williamson County)—The city of Cedar Park will be selling 13.4 acres of undeveloped land in its town center for economic development.
City Council on June 25 approved an ordinance, authorizing theconveyance of the land to the Cedar Park Economic Development Corp.(EDC) as part of efforts to lure new commercial development.
Located at the northwest corner of Texas 183A and Farm Road 1431, the town center is one of the city’s biggest mixed-use developments. Tenants include Costco, At Home, Springhill Suites, as well as several chain restaurants.
The sales transaction price was listed at $3.5 million, out of which $250,000 will be reserved to fund amenities to be put into the property in the future.
Residents voted in 2016to allow the the sale of the property. The EDC proposed a project for part of the undeveloped acreage in 2017, but nothing came of it.
Cedar Park Town Center is located at the northwest corner of Farm Road 1431 and Texas Highway 183A. Image: City of Cedar Park
According to the city, development of this land must be consistent with the council’s adopted 2018-2020 strategic goals, and must provide commercial office development for local employment and further diversify the city’s tax base.
For the past year, the city has been marketing the property mainly for Class A office projects.
Because of the size of the available acreage, up to 80% permeable coverage could be permitted in such new commercial development at the Cedar Park Town Center. In this case, potential development could total nearly 467,000 square feet so long as all new construction is one-story tall.
Some residents have said they wish the city could turn at least part of the open land at the town center into civic spaces or green/park spaces.
VBX members may track this project using ID number: 2020-4E50.
Edmond Ortiz is a lifelong San Antonian and a 20-plus-year veteran in local journalism, He previously worked full-time at the San Antonio Express-News, and has been freelancing for outlets such as the Rivard Report.