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Executive Summary
Plaza North offers doctors and professionals an exceptional opportunity to invest in real estate for your retirement, and own new, custom-designed offices, with payments comparable to current lease rates.
Plaza North has a highly-visible location in north Austin on the frontage road of MoPac, adjacent to St. David's North Austin Medical Center. The project is easily accessed by taking the Parmer Lane exit from either direction off MoPac. More than 150,000 vehicles on North MoPac pass by Plaza North on a daily basis, according to the Texas Department of Transportation. The upscale, mixed-use project will be comprised of a variety of retail services, along with medical/professional office buildings with direct access to St. David's hospital, and outstanding exposure to MoPac. The 652,000 s/f, 210-bed St. David's full-service hospital, (www.northaustin.com), has over 975 registered physicians.
The area around Plaza North may soon be considered the demographic and geographic center of Austin given; the Arboretum minutes away, the nearby exclusive Domain retail project slated for completion by the Spring of 2007, the expansion of the University of Texas JJ Pickle Campus, the future development of the vast Robinson Ranch area, and the opening of the toll road, for easy access to Round Rock and downtown Austin.
Plaza North will be an upscale office project with sophisticated regional architecture and ample parking. The offices are offered for sale, or leases can be arranged. The project will include an architecturally unique +/- 35,000 s/f, three-story office building, and a highly-visible +/- 4,000 bank facility on the MoPac frontage road. The bank facility will include four drive-through lanes and an ATM lane.
The bank building will have a surface parking ratio of +/- 1:250. The medical/professional office buildings will have covered parking underneath the building with a parking ratio of +/- 1:275.
- High quality construction, Class "A" finishes, ample parking
- Regional architecture and natural materials that evoke the essence of Austin
- Beautifully master planned project conveys a cohesive and inviting environment
- Ownership payments compare to current lease rates that can escalate over time
- Financial advantages of an investment in real estate as part of your retirement plan
- Offices are sold as shell, unfinished space to allow the owner to custom design their office for the specific needs and requirements of their practice or business
Ownership * Outstanding Location * Sophisticated Architecture
Project Summary
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Plaza North is a high profile new retail/office project in Austin, Texas currently under development. All of the site infrastructure and utilities have been installed. Plaza North is conveniently located on the frontage road of the North MoPac highway ("Loop 1") adjacent to the regional St. David’s North Austin Medical Center.
Plaza North consists of three distinct uses:
- Regional bank facility. PlainsCapital Bank is currently under construction on a "flagship" 6,000-s/f regional bank facility at the main entry to Plaza North.
- 34,000-s/f three-story medical/professional office building with an under-building garage. The architecturally unique shell office building is slated for completion in May, 2010. The building is available in whole or in part. Individual offices of varying increments are offered for sale (under a commercial condominium regime), or for lease with up to 7-year fixed rental terms.
- Highly visible, fully improved, commercial building pad fronting directly on the North MoPac highway. The pad will accommodate a single 14,500 s/f one story building with a 1:275 parking ratio, or a 5,500 s/f restaurant with 1:75 parking ratio. The fully improved building pad is offered for sale or ground lease.
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12319 North MoPac, Austin, Travis County, Texas, 78758. Plaza North is prominently located in north Austin on the frontage road of the MoPac highway, just south of Parmer Lane and north of Cedar Bend Drive. Plaza North is accessed directly via the Parmer Lane exit from either direction off North MoPac, with direct off-ramp and on-ramp access (the last free access before the new Loop 1 toll way).
More than 150,000 vehicles on North MoPac pass by Plaza North daily, according to TXDOT. With the recent opening of the regional toll road system, MoPac is now the main north/south highway for the region’s population and the preferred route for those traveling to and from Austin, Pflugerville, Round Rock, and Georgetown.
St. David’s North Austin Medical Center is a 652,000 s/f, 210-bed, full-service regional hospital with over 1,000 registered physicians. The award winning hospital recently completed an $83 million dollar expansion.
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| Lot 2A, Maund Subdivision, a subdivision in Travis County, Texas, according to the plat thereof recorded as Document No. 200300226, records of Travis County |
| 3.03 Acres (131,986 square feet) |
| GR zoning; 1:1 FAR; 80% impervious cover; Walnut Creek watershed; City of Austin approved Site Development Permit #SP-2007-0365C; City of Austin Watershed Protection Department approval for Participation in Regional Stormwater Management Program #WLN-2007-070-R. All site infrastructure and utilities are installed and have been approved by the City of Austin |
| City of Austin water, wastewater, and electricity. A natural gas line is at the front of the site. Storm water filtration and detention is centralized. |
| All parking lot improvements have been installed. The parking for individual buildings has been designed to comply with the parking requirements of the City of Austin Land Development Code for the anticipated uses. The 34,000-s/f office building has a parking garage below the building to provide secure and shaded parking. Staff parking in the garage leaves the surface parking spaces around the building for the convenience of clients. |
Please contact the project director for more information:
(512) 328-8154
No warranty or representation, express or implied,
is made to the information contained herein, and same is submitted subject
to errors, omissions, change of price, rental, or other conditions, and
withdrawal without notice. |
