Breaking News - Formula 1 Race Track

Posted by Monte Davis on Thursday, September 30th, 2010 at 10:29am

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
http://austin.bizjournals.com/austin/stories/2010/09/27/story8.html

Sept. 24, 2010: $250M mixed-use project planned near F1 Austin site
http://austin.bizjournals.com/austin/stories/2010/09/27/story3.html?b=1285560000^3989801

Sept. 1, 2010: F1 Austin track map, site revealed
http://austin.bizjournals.com/austin/stories/2010/08/30/daily27.html

Aug. 27, 2010: F1 Austin racetrack details elusive
http://austin.bizjournals.com/austin/stories/2010/08/30/tidbits1.html

Aug. 23, 2010: Formula 1 Austin site's waterworks unclear
http://austin.bizjournals.com/austin/stories/2010/08/23/story5.html

Aug. 16, 2010: TxDOT devising plans to accommodate proposed F1 racetrack in Austin
http://austin.bizjournals.com/austin/stories/2010/08/16/story11.html

Aug. 2, 2010: City of Austin OKs millions to improve proposed F1 site
http://austin.bizjournals.com/austin/stories/2010/08/02/daily38.html

 

4 Responses to Breaking News - Formula 1 Race Track

Becky wrote:

This is very exciting! What does this mean for areas like Manor. With the tollway actually in Austin ETJ, outside of Manor, do you see an economic "light at the end of the tunnel" for Manor? Do you have any news on the tollway on Hwy 290 E?

Posted on Thursday, September 30th, 2010 at 1:56pm

Larry wrote:

I'm a bit skeptical about all the hoop-la. We heard it before, large development "coming soon" they never seems to come. So really, is this a done deal? I guess I'll believe it when I heard the engines screaming around the track.

Posted on Thursday, September 30th, 2010 at 2:06pm

Monte Davis wrote:

@Larry,
The Grand Prix Development is a done deal. Work has begun...Communities across the country have felt the worst of times since this recession hit several years ago. But we here in Austin can hold our heads up once again as one of the best markets in the country. And Larry, within the next two years the landscape along SH130 will be a change'n. Look for the Watersedge development near the north east corner of SH 130 and 71.

Posted on Thursday, September 30th, 2010 at 5:27pm

Monte Davis wrote:

@Becky,
There are a number of Tollways slated for construction all around Austin metro. Some like the 290 and 183 is under construction now and headed your way. It is inevitable and a must that these expressway get in place. Austin's growth is outpacing it's ability to keep up with the traffic. So, yes I do see a light at the end of the tunnel for Manor, Cedar Park& Leander to SW Austin at Oakhill as well. If we can use less energy and time to get to and from home and work these communities will reap the economic rewards of demand on housing. Hang on, I believe Manor is going to hot spot to live at just an arms length from downtown Austin.

Posted on Thursday, September 30th, 2010 at 5:44pm

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