Page 38 - Georgetown Retail Merchandising Plan 11.7.16 - FINAL

NWC OF LAKEWAY AND I-35
NWC of Lakeway Drive and I-35
The NWC of Lakeway Drive and Interstate 35 property has the
potential for mixed-use retail/office, strategically located on the
southbound side of I-35 between SH 130 Toll and NE Inner Loop/ Ac#ve
Lakeway Drive just east of the Georgetown Municipal Airport.
This development may include over 900,000 square feet of Airport Rd
NWC of Lakeway Dr and I-35
commercial and retail space to serve nearby residents and the Georgetown, Texas
region, due to the premier access afforded by the SH 130 Toll Potential Site
Road and I-35, as well as frontage on NE Inner Loop/Lakeway
Drive.

The immediate 3-mile population is over 28,000 and there are
over 14,200 daytime employees. Current gross leasable area is
466,000 square feet (62,670 square feet in 12-month absorption),
with NNN rent at $17.25 and vacancy rate at 20%. Georgetown Municipal
Airport (KGTU)
The short-term recruitment strategy would be to work with Airport Rd
individual land owners on a master-plan and development
40 ac +/-
agreement with the City and explore big-box regional anchors that
could catalyze the development. This site could accommodate
large big-box anchors, entertainment and regional retail, as well
as mixed-uses including corporate users and major employers to
take advantage of regional access and the airport.
Lakeway Dr A
NWC Lakeway Drive & I-35 Statistics i r p o r t R
Population 28,017 d NE Inner Loop

Households 10,046
Daytime Employees 14,271
CONTACT: CONTACT: POTENTIAL MERCHANDISING TARGETS:
Median Household Income $73,991 GEORGETOWN COMMERCIAL PROPERTIES LLC. SAN GABRIEL PROJECT MANAGEMENT BIG-BOX RETAIL
NNN Rent $17.50 / square foot TIM HARRIS RANDY MONGOLD ENTERTAINMENT
512-240-5325 RANDY@SGMANAGE.COM REGIONAL RETAIL
Source: CoStar, Xceligent, STI HARRIS@GEORGETOWNRAIL.COM RESTAURANT

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