Upon completion of Phase 2, the Four Points–area Trails at 620 professional office/retail park will encompass more than 250,000 square feet of commercial space, said Leslie Sloan, the project's developer.

Phase 2 of the complex will feature two medical buildings, two retail sites, a credit union and two restaurants—a total of 130,000 square feet of commercial space, she said. Austin Regional Clinic and Austin Radiological Association will account for 44,000 total square feet of office space, she said.

The second phase is expected to be complete by mid-2015, and the two medical buildings have already begun construction, she said.

Phase 1, with 125,000 square feet of commercial space, is complete except for a hotel planned to begin construction in early 2014, Sloan said. The Moviehouse & Eatery, located at 8300 N. RR 620, will house its corporate office in one of the Phase 2 buildings, and additional theaters are being planned for Austin and Dallas areas, she said.

"With the completion of Phase 2, the [development] will offer residents many more dining and shopping options than are available currently," Sloan said.