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Create A BlogSpotlight: $85M 'Villagio' Brings Mixed-Use Luxury to Northwest Austin |
This week's spotlight focuses on the $85M mixed-use project breaking ground in Northwest Austin.
The Villagio will be located at RR 620 between US Hwy 183 and TX Hwy 71 minutes from Lake Travis. This project is sizable, with 29 acres of retail, office and luxury residences, all with an Italian style.
• 117,310 SF Retail/Restaurant space
• 31,800 SF Professional Office space
• 300 Apartments and a 5-acre lake
Who will live, work and shop at the Villagio Austin?
"The current estimated population is 106,988 in a 5-mile radius. The education level is majority individuals with Bachelors Degree and earning $50,000 to $150,000 dollars per year. The average family household income is $104,784." - Marcel Group website (developer)
The Villagio will be similar to the Domain, which is also a popular high-end mixed-use shopping community in Northwest Austin.
(Click Photo to Enlarge Site Plan)
Both rival the previously popular Arboretum shopping area. A disappointment is that the Villagio may only include rental opportunities for both residential and commercial occupants.
LIKE THIS ARTICLE? YOU MAY BE INTERESTED IN...
- Villa Muse arts and creative district.
- Mueller Austin green new urbanist community in Central East Austin.
- Leander Crossing another mixed-use, but outside Austin.
- Domain Austin shopping community in Northwest Austin.
- From the Archives: Austin Real Estate to Bloom in 2010.
- Villagio Developer Website (Marcel Group).
- What's in the works for Downtown Austin?
Photo Credit (top photo): Villagio Inn and Spa (unrelated to the Austin project)
1. RE: Spotlight: $85M 'Villagio' Brings Mixed-Use Luxury to Northwest Austin