Photo by Rendering courtesy City of LakewayThe Oaks at Lakeway set to start construction this year
Lakeway's new 250,000-square-foot downtown center, The Oaks at Lakeway, is slated to begin construction mid-2014 and open mid-2015, said Stratus Properties CEO and developer Beau Armstrong.
On Jan. 8, Lakeway's zoning and planning commission unanimously recommended approval of the site's proposed Planned Unit Development.
The anchor of the $70 million build at RR 620 and Glen Heather Drive—H-E-B—will encompass around 100,000 square feet, Armstrong said. Economists project the downtown center will represent $1 million in sales tax annually, he said.
The Oaks at Lakeway will include smaller buildings to meet the city's desire for more of a downtown center feel as opposed to a strip mall, he said. Restaurants will be designed with outdoor seating. The site will have a green space, a pond, trails and will be golf cart–accessible, he said.
