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Council signs amendment tying Balcones Real Estate milestones to Texas Materials lease and town-center development timeline
Summary
Council approved an amendment to the Balcones Real Estate Group development agreement that sets milestones including a Building 1 lease by July 2026, Building 1 and a public trail connection by May 2028, Building 2 by 2030, and completion of 300,000 square feet of commercial development by 2032; it also formalizes conveyance of Lot 2B (~0.135 acres).
Economic development staff described an amendment to the Balcones Real Estate Group development agreement intended to move the town-center office-park project forward. Staff said the amendment formalizes timelines and milestones tied to the Texas Materials lease and other project phases.
Key milestones listed by staff include securing the lease with Texas Materials for Building 1 by July 2026, completing Building 1 and the public trail connection by May 2028, delivering Building 2 by the end of 2030, and completion of the required 300,000 square feet of commercial development by the end of 2032. Staff also noted the amendment formalizes the conveyance of Lot 2B, approximately 0.135 acres. Council moved, seconded and approved the amendment unanimously.
