X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-Trammell Crow Co. wants to move an exit ramp from Interstate 35 in north Austin and is willing to pay about $760,000 to get it moved. The Austin City Council is to vote today on a resolution to negotiate and execute an agreement that would put the plan in motion.

The exit is between Parmer and Howard lanes, a fast-growing retail area. H-E-B grocery, Home Depot, Lowe’s, Wal-Mart and Kohl’s are either open or have plans to build between Parmer and Howard.

Trammell Crow officials declined to comment on the matter, but city and state officials said such agreements have been done before. A TxDOT contact tells GlobeSt.com that moving the exit is in the department’s long-range plans, but it hasn’t had the money for the project. “It fits in with our proposals, our long-range plan for redevelopment of the interstate between Georgetown and Buda,” the contact says.

The change would move the southbound exit between Howard and Parmer lanes north of its current location. That would give motorists the opportunity to turn into more retail centers on the frontage road. If the city council gives its approval, the city would contract with the Texas Department of Transportation to do the planning, design and construction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.