March 2017 | Business View Magazine

132 133 15,000 new residents, representing a 30 percent growth rate over that peri- od of time,” he begins. “The city has nearly doubled its property value from $3.5 billion to almost $7 billion. It has has seen its sales tax revenues increase from $13.5 million to over $22 million, last year, and the projection is that, this fiscal year, that number will increase to about $24 mil- lion.We’ve permitted more than three million square feet of new, non-residential developments, and we’ve also permitted over 5,300 new residential units. “In 2007, the Cedar Park Regional Medical Center Cedar Park, Texas opened; it’s a 260,000 square- foot, full-service hospital that immediately added two, 80,000 square-foot, medical office buildings. And then, a year and a half ago, we recruit- ed and worked with a group of pediatric physicians that were all associated with Dell Children’s Hospital in Austin for a pediatric specialty center right next to the hospital - and that’s a 75,000 square-foot building. So, our health and medical community has grown to encompass and occupy over 600,000 square feet of space throughout the city, and we’ve got a growing healthcare and medical industry in town. “In 2005, we hardly had any We’re a very attractive community for compa- nies that are either looking to relocate from out of state to the greater Austin area, or are already down in Austin and looking to get a little bit clos- er to where their employees’ base is. And that seems to drive them a little bit further north and up this way. Phil brewer Director of Economic Development shopping, whatsoever. Since then, we have put on the ground over a million and a half square feet of retail space: 1890 Ranch, a 900,000 square-foot center; the Town Center retail develop- ment, which is a 250,000 square-foot development that’s an- chored by a Costco; and our latest, big retail project being de- veloped by Endeavor Real Estate, called The Parke. It’s a 380,000 square-foot retail center, anchored by Whole Foods’ new 365 Store concept. This will be the first 365 Store in the State of Tex- as. It will also be anchored by Nordstrom Rack, DSW Shoes, Dick’s