95 Acres in Cedar Park to be developed beginning in 2009
Rick Redmond, owner of the Volente Beach Waterpark on Lake Travis and a partner in the proposed Cedar Park water park, has closed on about 55 acres in the last several months, increasing the project's footprint from its original 40 acres to 95 acres. Much of the newly bought land will go toward added parking and retail. The estimated cost for phase one of the unnamed project, expected to break ground in early 2009, has gone from $75 million to $200 million. Plans for the project's second phase have also changed slightly, with an apartment concept removed and a convention center that could span up to 100,000 sf added. The park's second phase still includes a hotel, retail and villas, according to Redmond. The incentives package the developers are seeking from the city is not yet finalized. [Austin Business Journal]
ZIP Codes: 78613, 78630 Location Characteristics: CEDAR PARK, TEXAS is one of the fastest growing cities in the nation with a repidly growing population around 42,400, according to the United States Bureau of the Census. From a population of 5,161 in 1990, Cedar Park has exploded on the popularity scale, developing into an urban center of over 40,000 residents in a little more than 20 years.
Cedar Park's popularity as a place to live, work and raise families comes as no surprise to the citizens who helped the town grow. Located only 17 miles from the heart of downtown Austin (click here for a map at google.maps), the State Capitol and home of The University of Texas, Cedar Park offers all the amenities of a major metropolitan area but far enough away to offer the relaxed life style that is in keeping with a family oriented community.
While Austin is known as the "Live Music Capital of the World" there is an abundance of cultural and recreational opportunities for families to enjoy. The Highland Lakes area, a system of five lakes created along the beautiful Colorado River, stretches from downtown Austin (Town Lake and Auditorium Shores) to Lake Buchanan some 60 miles away in Burnet. The largest of the lakes, Lake Travis, is the most popular recreational site among the lakes and can be easily accessed at numerous sites ranging from five miles to ten miles from Cedar Park.
One of the advantages of living in Cedar Park and central Texas is that there is just so much to do and so much to enjoy.
Springtime in the Hill Country is one of the most popular seasons of the year as native Texas wildflowers turn the hillsides into virtual gardens of color. One of the more popular scenic drives, anytime of the year but especially in the spring, begins in Cedar Park and ranges in a circular drive from Cedar Park to Marble Falls on Lake LBJ to Burnet and back to Cedar Park, a total driving distance of 90 miles.
About Donna Scoggins,ABR, e-PRO, GRI:
Managing property since 1987, Donna has learned Real Estate from the inside out. After 8 years of managing multi-million dollar properties Donna switched her focus to leasing. Giving up her supervisory position with Austin’s top locating service, she became a REALTOR in 2002 and a "Multi-Million Dollar Producer" that same year. In today’s economy, you need a REALTOR who has diverse experience on your side.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
