A bank, sit-down restaurant and medical offices are being eyed for a 9-acre tract of land at the northeast corner of Serene Hills Drive and Hwy. 71, according to an agent with Durhman and Bassett Realty Group Inc., the project developer.
At a July 11 Lake Travis Commercial Association Dealmakers luncheon, agent Barry Haydon said progress on the development depends on when the H-E-B across the street is built. H-E-B owns the land but has not set an official construction start date, H-E-B spokeswoman Leticia Mendoza said.
"We are always looking for new opportunities to serve our customers, and as we review our long-term planning options, it does make sense to purchase well in advance of H-E-B's current real estate needs," Mendoza said.
Durhman and Bassett purchased the 9 acres from H-E-B. Durhman and Bassett has plans to build five pad sites on the property, Haydon said.
