A 16-acre, mixed-use development located at 2500 Walsh Tarlton Lane, Austin, will welcome its first tenants in May. Three developers, each working on individual projects, share the property, Tarlton 360, and the land is owned by Cypress Real Estate Advisors.
The Walsh, a luxury townhome complex that is expected to have 55 units at build-out in December 2018, has all 18 units in its first phase already completed and sold, said Vince Costa, superintendent at developer Chupik Properties and Design. The first six buyers are anticipating to move in by May 15, he said.
“The residents are about to move in, and we’re excited,” Costa said. “Everything is looking good, and the landscaping is coming together nicely. We have two of [10 units] in Phase 2 ready, and construction of our remaining 27 units will follow directly after that phase.”
Developed by JTM Development, Walsh Tarlton Overlook is a three-story office building that totals 55,000 square feet, founder Thomas Mercer said. The building is expected to open at noon on July 31 and offers upscale decor, covered parking and a view of the Hill Country, he said.
“We are talking to several tenants that are looking at the property, and we expect it to be leased out in the next 30 days,” Mercer said April 27.
Westerly, a development of 21 townhomes and 168 apartments, is under construction at the site, and the townhomes are scheduled to open Aug. 1, Centro Development Principal Developer Kent Collins said. The company’s goal is to have the apartments completed in the fall, he said.
“It’s a coveted location,” Mercer said. “You get the Austin juxtaposition of elegances and casualness all in one place. If you want to go to Barton Creek Square Mall, it’s across the street. If you want to go hike and bike down to the Barton Creek Greenbelt, it’s across the street.”
Contractors stand atop Walsh Tarlton Overlook in April.[/caption]
Collins said Cypress has helped the three developers work together and coordinate the space, making accommodations for each entity.
“[The development] has progressed just as we expected,” Costa said. “This is a big project, not just [the Walsh] but with the apartments across the street and the office building. It’s something new, and the way [Cypress] structured the site works out. All of our customers are going to be really happy with the results.”