Cypress Equities companies* today commenced construction of Oak Meadows Marketplace, a 11.17-acre grocery-anchored shopping center situated at the southeast corner of Williams Drive and Jim Hogg Road in Georgetown, Texas, just north of Austin.
At full build-out, Oak Meadows Marketplace is slated to feature 77,050 square feet of retail and restaurant space. Randalls Food Markets, which had executed a lease for 57,655 square feet, also broke ground on its new Georgetown store at the site. This new location will showcase a Starbucks coffee bar, a fresh sushi bar with seating, a full-service pharmacy offering on-site immunizations, a full-service meat and seafood department, an expanded variety of natural and organic selections throughout the store, a full-service floral department, as well as a fuel station and convenience store.
“Cypress Equities is thrilled to build in Georgetown,” said Chris Maguire, chief executive officer for Cypress Equities. “The combination of the city’s motivated workforce, low tax and utility rates, as well as its strong sense of community and exceptional quality of life make this a highly desirable market in which to operate.”
In addition to the Randalls market and fuel center, Cypress has already lined up two additional tenants. Organic Nails & Spa, at 2,097 square feet, will provide nail, manicure, pedicure, facial, waxing, makeup and eyelash extension services. Natural Pawz, set to occupy a 1,700-square foot space, will offer sales of all-natural food and treats for cats and dogs, pet supplies, as well as pet grooming services.
Oak Meadows Marketplace is slated to open in December 2017. Cypress’ in-house leasing team, along with SRS Real Estate Partners in Austin, will oversee retail leasing for this center.
About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 18 million square feet and currently is developing and managing a portfolio of more than 10 million square feet of retail, office, residential and automotive real estate. Today, there are seven Cypress Equities offices throughout the U.S., including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta, Phoenix and Fort Lauderdale. Visit www.cypressequities.com for more information.