Daily Newsletter

06 September 2023

Daily Newsletter

06 September 2023

St John Properties to break ground on new building in Leander, Texas

This property will debut a Class A office building in the suburb and the first commercial component at Northline.

September 06 2023

Real estate developer St John Properties has announced its plan to break ground on a 120,000ft² project early next year in Leander, Texas, US.

This property will debut a Class A office building in the suburb and will be the first commercial component in the 116-acre Northline mixed-use development.

The 15,500ft² ground floor of this four-storey property will feature a retail space and restaurant.

This property will be designed to obtain LEED certification and include high-quality finishes and floor-to-ceiling windows.

St John Properties regional partner Brooke Harlander said: “This project will help meet pent-up demand for office space in Leander, including among small business owners living in the area who want to work close to home.

“The unique Northline location will offer restaurant and retail options both in the building and nearby, as well as walkable amenities, which are increasingly valued by employers and workers but not often offered in most suburban office buildings.”

The project is expected to finish in the first half (H1) of 2025.

Northline, Leander’s new downtown district, is planned to comprise over five million square feet of office, residential, retail, and civic space, as well as a hotel and park.

The commencement of construction on the new office building is said to be a significant milestone for the mixed-use community.

Northline Leander Development Company principal Alex Tynberg said: “We’re in the process of creating a downtown mixed-use environment and the addition of this building is the first big step in diversifying and enhancing commercial space at Northline.”

Investment in the infrastructure and energy & utilities sectors remains a major driver of overall construction growth

Infrastructure and Energy & Utilities sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.

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