As the population grows in the Lake Travis region, so does the medical industry needed to support the residents. New businesses and developments are currently underway at the Lakeway Medical Village—a small collection of medical practices and a hospital owned by Baylor Scott & White in Lakeway.
The village, located near Flint Rock Road, encompasses 53 acres of mixed medical and retail use, providing visitors with specialty treatment, as well as emergency and primary care.
Newer developments at or near the medical village include a 42,000-square-foot medical office building at 101 Medical Parkway, as well as an office building project at 2909 Flint Rock Trace called The Overlook at Lakeway, per the city of Lakeway.
Additionally, a new medical office, referred to as Cherry Peak Office Park, is rounding out its list of tenants moving into its newly constructed medical plaza, located at 3502 Wild Cherry Drive.
Overall, the over 100,000 square feet of new medical space will support the region’s growing medical industry, expanding residents’ selection of care for the region.
The history
The Lakeway Regional Medical Center was first opened in 2012 at 100 Medical Parkway, Lakeway. After four years in operation, Baylor Scott & White took over ownership in 2016, marking a change in direction both for the hospital and medical district as a whole.
Following that change in ownership, practices like Urology Austin, Texas Physical Therapy and Austin Cosmetic Surgery later moved in, creating a small hub of medical business in the city.
The hospital
The Baylor Scott & White Medical Center-Lakeway is one of nine hospitals owned by BS&W serving the Austin metro area. It is the second-largest employer in the city of Lakeway, just after local school district Lake Travis ISD, according to BS&W.
The center has invested especially into cardiovascular services, neurosurgery and surgical spine care, said Philippe Bochaton, president of the Lakeway hospital.
“In 2016, the Lakeway area was grossly underserved from a medical standpoint; there were very few practices, no hospital. ... I would dare to say we’ve come a long way. ... We’ve more than doubled our workforce in the last 10 years," said Philippe Bochaton, president of Baylor Scott & White Medical Center-Lakeway.
Cherry Peak Office Park
Following development of the medical village, new projects like the Cherry Peak Office Park are being constructed just outside of the medical district’s boundaries. Cherry Peak offices are being developed in two phases; the first opened in 2023 with 16 buildings, and the second will open in 2025, offering 13 buildings.
“The vision was really to provide a product that was ideal for small businesses to come in and be able to purchase and own their own four walls of their building,” Cherry Peak developer Todd Fletcher said. “Being near [the medical village] and sort of associated with it has been a benefit for [businesses at Cherry Peak].”
What they're saying
One business has already opened in Cherry Peak Phase 2—Eaddy Cosmetic Dentistry. The practice has been around since 1998 and previously operated out of a space at Lakeside Commons, but when owner Daniel Eaddy was informed by a real estate agent of spaces opening at Cherry Peak, he took advantage of the opportunity.
“[I] was able to customize what I wanted for my dental office—you know, with dentistry it requires a lot of specialized plumbing and electrical,” Eaddy said. “We were able to get all the architectural and engineering plans done before the slab was poured.”
Eaddy said he was excited by Cherry Peak’s medical community and the business opportunities it may provide.
“I’m excited to have some other providers in here soon,” Eaddy said. “It’d be nice to develop relationships with them and, hopefully, mutual beneficial relationships [with our patients].”
While the center is close to the Lakeway Medical Village, it does not technically occupy space within the district zoned for medical use. Instead, Cherry Peak’s zoning is classified as retail, meaning that future tenants may include several nonmedical offices as well.
Other medical practices at the Cherry Peak business park include the recently opened primary care office DirectMed, as well as Gavino Dermatology, slated to open this fall.
Other projects coming to the Lakeway Medical Village include Plastic Surgery of Austin, opening this fall, a representative of the business said. Additionally, The Overlook at Lakeway will bring a new 45,000-square-foot medical office building in its first phase and a 24,000-square-foot office in its second, providing additional medical services for the growing region.
Lakeway Medical Village timeline
- 2012: Lakeway Regional Medical Center opens hospital
- 2016: BS&W Medical Center takes over hospital
- 2023: Cherry Peak Phase 1 completed
- 2025: Cherry Peak Phase 2 completed
- TBA: The Overlook at Lakeway opens
