Long View Equity in partnership with Endeavor Real Estate Group has acquired an 8.7-acre commercial parcel that fronts Highway 290 W and Ledge Stone Drive in Austin.
The property is in the extraterritorial jurisdiction of Dripping Springs within the Ledgestone Master Planned Community and is opposite of Belterra Village. The commercial development, called Ledge Stone East, will be a mixed-use development with 25,000 square feet of retail and 25,000 square feet of office space. The development is expected to break ground in May 2022 with a third quarter 2023 delivery.
To date, there has been strong interest in new retail at the project, and it is currently 25 percent pre-leased.
