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A new retail development, called The Village at Dripping Springs, is headed to far Southwest Austin.
It is yet to be confirmed what retailers will take the spots planned for the site, though signs point to a Target.
The details
Houston-based Property Commerce is working on the development located near a CVS, Shell Gas Station and Dripping Springs Racquet Club off Hwyl. 290, according to an informational brochure posted on their website.
Property broker Josh Friedman said the property, under contract, is expected to close in the next 90 to 120 days. He also said plans for a Target are not official, but “all signs are promising.”
The site sits on a 26.45-acre tract, with space for smaller shops and a parking lot. The biggest lot, however, includes 128,660 square feet for retail space. Target stores on average come in at about 125,000 square feet, according to their website.
Additionally, Property Commerce has worked on various projects including builds for Target, as well as Home Depot, H-E-B and more, the website states.
Property Commerce and Target have not responded to requests for comment on the development.
