Page 41 - Georgetown Retail Merchandising Plan 11.7.16 - FINAL
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RONALD REAGAN BOULEVARD AT WILLIAMS DRIVE
AND CR 245 Ronald Reagan Boulevard at Williams Drive and CR 245
Plans for Parmer Ranch and Highland Village are planned for
regional retail to serve the northwestern region of Georgetown. Emerging
Ronald Reagan Boulevard effectively serves as Georgetown’s outer 50 Acres
loop west of I-35. This area is prime for retail/commercial uses,
with its location near Sun City, Somerset Hills, and other emerging
developments in the northwest sector. Continued growth in the
city over the next 10-20 years will facilitate growth of the Parmer
Ranch Municipal Utility District (MUD) at that time. The MUD was Ronald Reagan Blvd
approved to support over 1,400 single-family and multifamily units County Rd 245
in addition to mixed-use office/retail and nature space. 62 Acres 14 Acres
281.5 Acres Jennings Branch
Currently, there is trace retail activity near these properties. Within Ronald Reagan Blvd 34 Acres
three miles the 2016 population is 6,347. This figure is expected
to increase 24.1% to 7,877 in 2021. Median household income in Ronald Reagan Blvd
2016 is $85,999. The median age is high at 48.3 because of the Sun City Blvd
Williams Dr
concentration of older households in the Sun City community.
This area is situated to attract regional retail, including grocery,
retail, and restaurants. Additional uses would include office,
County Rd 245 Commercial Area
healthcare, and neighborhood services.
Madison
Parmer Ranch
Somerset Hills
Ronald Reagan Boulevard at Williams Drive and CR 245 Corridor Developments
Williams Dr
Madison
Parmer Ranch
Population 6,347 Somerset Hills
Sun City
Households 2,614
Daytime Employees 177
CONTACT: CONTACT: POTENTIAL MERCHANDISING TARGETS:
Median Household Income $85,999 AMERICAN SOUTHWEST COMPANY SOMERSET HILLS LTD. GROCERY
NNN Rent N/A JOE BIRDWELL BRANNIN PRIDEAUX NEIGHBORHOOD RETAIL
512-263-9200 512-343-6367 RESTAURANT
Source: CoStar, Xceligent, STI JBIRDWELL@AMSW.NET JBPRIDEAUX@AUSTIN.RR.COM MIXED-USE OFFICE/RETAIL
Georgetown Retail Merchandising Plan 2016 41
