Thursday, March 30, 2017

Pflugerville Lures Two New Companies with Incentives


Austin’s neighbor to the north has attracted two large companies with financial incentives, the Austin Business Journal reports.

MW Builders Inc., a general contractor based in Kansas, will build a regional headquarters at the 130 Commerce Center mixed-use business park at State Highway 130 and Pecan Street in Pflugerville.  In exchange for building a 20,000 square foot facility that costs at least $4.8 million, hiring or relocating 30 full-time employees who make an average of $86,000 annually and have health benefits, and moving their regional headquarters to the facility by July 31, 2018, MW Builders will get up to $75,000.

MW Builders has built the FedEx Ground Building and the Cortec Precision Sheetmetal facility in Pflugerville and it has other offices in Texas in Temple and Midland.  

Accent Food Services, currently located out of the Pflugerville city limits, will be moving to an industrial and residential area inside Pflugerville south of State Highway 45.  If Accent brings in or relocates 85 full-time employees with an average salary of $55,000, hires at least five additional workers within 4 years, and builds the 55,000 square-foot location by July 1, 2018, they will get up to $150,000 from the city of Pflugerville.  That money will be paid $30,000 once a year for the first five years the facility is open.  The company, which provides offices with food and beverages, expects the new building to cost $4 million

Looking to move to Pflugerville?  A Plus Apartment Locators can help!  Give us a call at 512-231-1400 to find your dream apartment today in Pflugerville, Austin, and beyond!  

Wednesday, March 22, 2017

Austin One of the Strongest Rental Markets in the US


A new report from HomeUnion has put Austin as one of the hottest real estate markets in the country this year, CultureMap reports.

Austin comes in at the 9th spot.  It has a large number of millennial renters who move to Austin attracted by the low cost of living and large number of jobs in the tech industry.  Its strong rental market is also due to the fact that many of those millennials are well-educated and have a lot of student loan debt, making it difficult for them to save for and purchase a home.  

Real estate professionals are investing in projects that are geared towards young families who are employed in the tech and internet industries.  36,000 new jobs are forecast to be added in Austin this year and most of those will be in tech.

There are other insights to the Austin rental market from the report, including that the vacancy rate for single-family rentals is forecast to drop to 3.9 percent.  Rent is expected to increase 2 percent from last year to $1,735 monthly and Austin’s employment growth is expected to be 3.6 percent, almost 2 points higher than the rate nationally of 1.7 percent.  

Looking to get a jump on Austin’s hot rental market?  Give A Plus Apartments a call today at 512-231-1400 to find an apartment that fits your budget and lifestyle!  

Thursday, March 2, 2017

New Terminal at Austin Bergstrom International Airport


The Austin American Statesman reports on the new terminal at the Austin Bergstrom International Airport, which will open on April 13th.

This new smaller terminal will be home to Allegiant and Texas Sky airlines for now, and will eventually be home to more small, no-frills airlines.  It will only be accessible from Burleson Road and will be located to the south of the tower.

The terminal was financed through a partnership between the city of Austin and LoneStar Airport Holdings, which will be in charge of the terminal for the next 30 years through an operating lease.  LoneStar spent $12 million on renovations in the summer of 2016.  

ABIA was built to handle 11 million passengers a year, but served more than 12 million in 2016.  The hope is that the new South Terminal will give the main terminal a break from the crush of travelers.  

The east side of the Barbara Jordan Terminal is in the midst of a renovation that will add nine gates and cost $350 million when it is finished in 2019.

Allegiant Airlines will be the largest airline at the new terminal.  They have nonstop flights to 10 cities, including Orlando, Cleveland, and Las Vegas.  Most of Allegiant’s passengers only take one flight a year, so the airline hopes the new terminal will make their trip easier and less stressful.

Texas Sky will also take up operations in the new terminal.  They provide a flight to Victoria, Texas, which takes off every day.

The South Terminal will be able to handle a maximum capacity of 36 flights a day, will have two security lines, and will have three gates, which will all be outdoors and covered by canopies.  The terminal will also have pre-packaged food and drinks.  

The terminal will have airstairs and ramps for entrance to the planes, rather than the standard passenger boarding bridges.  That was how planes were boarded in the 1950s and ‘60s, and it is the reason why the terminal has midcentury modern decor.  

The terminal will have a unique feature: an outdoor waiting area with a bar and stage for live music.  Plans are to eventually have a food truck as well.  There will be an indoor waiting area too.

A parking lot in front of the terminal will charge $7 daily for its 1,000 spaces and there will be lanes for taxis and ride share services.  A shuttle will connect the South Terminal to the main terminal so flyers can make connections or get to the rental car services.  

Looking for an Austin apartment close to the airport?  Give A Plus Apartments a call today at 512-231-1400 to find an apartment painlessly and easily anywhere in Austin!