Southeast Austin just claimed the title of "next big spot" in town. The Austin Business Journal for September 24 includes a profile of the $250 million Formula 1 race track going in on the SH-130 corridor. That's exciting, but what's more exciting are all the big developments planned for the surrounding area to take advantage of the economic boom that will accompany the 417-acre facility.
From San Antonio to Georgetown, this whole metropolitan valley, over the next decade is going to explode with new developments both residential and commercial.The implications for Austin are enormous. The city is going to be recognized around the world.We're headed into a vibrant period of expansion with exciting opportunities for real estate investors. Read the Austin Business Journal piece and you'll get excited, too!
For Additional Sources:
Sept. 24, 2010: F1 track developers promise to include minority businesses
Sept. 24, 2010: $250M mixed-use project planned near F1 Austin site
Sept. 1, 2010: F1 Austin track map, site revealed
Aug. 27, 2010: F1 Austin racetrack details elusive
Aug. 23, 2010: Formula 1 Austin site's waterworks unclear
Aug. 16, 2010: TxDOT devising plans to accommodate proposed F1 racetrack in Austin
Aug. 2, 2010: City of Austin OKs millions to improve proposed F1 site