Round Rock's Shortage of Office Space Ends - StoneGate at Cat Hollow Opens to Meet Demand
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Templar Development, Inc. is bringing 30,000 square feet of new office space to Round Rock. The explosive growth in Williamson County, coupled with a lack of professional offices in the FM 620 area, has created a high demand for office space for medical and professional use north of Austin. Austin, Texas (PRWEB) June 1, 2007 -- Templar Development, Inc. has announced it has begun site development on StoneGate at Cat Hollow to meet the demand for commercial condominiums in the Round Rock area. Building I is projected to be completed by the end of June, followed by Building II in August. The explosive growth in Williamson County, coupled with a lack of professional offices in the FM 620 area, has created a high demand for office space for medical and professional use. The two buildings in StoneGate at Cat Hollow will deliver one-story office condominiums, totaling close to 30,000 square feet of commercial space, convenient to the nearby St. David's Round Rock Medical Center, St. David's Outpatient Clinic & Oakwood Surgery Center, as well as many major Round Rock employers. "There has been very little development of new office space west of IH-35 and north of Parmer Lane until now," commented Sean Cummings, President of Templar Development, Inc. "StoneGate at Cat Hollow will provide long-awaited offices for the many medical practitioners and professionals in the Round Rock area that wish to own their space versus paying rent." After securing $58 million in funding during 2004, St. David's Round Rock Medical Center has doubled its size with land acquisitions and new construction in recent years and still continues to grow. It has expanded to the point where it is now landlocked between housing and subdivisions. Medical practitioners and services connected to the medical community have not had sufficient commercial real estate options as a result. Cummings commented, "Now, a business, dental, or medical professional will have the type of office space that benefits their practice - accessible one-story office condominiums, elegant old world styling with flagstone exteriors and clay tile roofs, mezzanine space for storage, and a parking ratio of approximately 1/200." Templar's marketing firm, Quest Realty Texas, Inc., has a track record of providing the business owner with what they want and need in office space. Templar Development, Inc. has led the way in the innovation of office condo projects that go a step beyond responding to the buyer's needs. Currently, Templar is in the process of designing, developing, and constructing similar projects for a total planned 390,000 square feet of mixed retail and office uses to be developed over the next three years in the Austin area. Since many of the office condominium owners in the Round Rock area will be physicians or dentists with special equipment or file requirements to manage their patient or client needs, each space is designed with a unique roof system which is over 25 feet tall at its apex. This allows for an eventual development of additional attic space into heated and cooled storage, or other ancillary uses, as determined by the owner. The ability to select the amount of office space needed and to gain additional heated and air conditioned storage space solves problems for many office owners. StoneGate at Cat Hollow consists of two architecturally unique one-story office buildings. The first building offers approximately 15,000 square feet of office space with individual suites ranging in size from 1,188 to 4,024 square feet. The second 15,000 square foot building offers individual office spaces from 1,083 to 4,525 square feet. Suites can be combined for owners who require more space. Condominium owners enjoy their own private entrances and the elimination of costly building common area fees. Office suites are provided as "shell space" and allow for the owner to specify the level of finish-out required. Clear-span interiors offer maximum flexibility in the design of interior space. About Templar Development, Inc.:
Austin-based Templar Development, Inc. is a full spectrum real estate services company, providing initial site analysis, acquisition, leasing, financing, construction and tenant finish-out. With a proven history of performance over the last 20 years in Austin's volatile real estate markets, Templar commands the professional expertise and the capital resources to manage land brokerage as well as commercial and residential real estate projects.
For more information, visit www.templardevelopment.com About Quest Realty Texas, Inc.:
Headquartered in Austin, Quest Realty Texas, Inc. is the exclusive listing agent for all of Templar Development's projects. Quest Realty handles all marketing and support services for the leasing and sales agents of Templar retail, commercial and land
developments. For a preview of properties, visit www.questrealtytexas.com
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