Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-The Austin City Council OK’d action that would lead to the move of an Interstate 35 exit ramp, to be paid for by Dallas-based Trammell Crow Co., with one slight change. Instead of paying the city just under $760,000, Trammell Crow will pay $1.1 million for the work on Interstate 35 between Howard and Parmer lanes.

Council’s action authorizes city staff to negotiate and execute an agreement with Trammell Crow to move the southbound exit farther north. That would give motorists the opportunity to turn into more retail centers situated along the frontage road. Trammell Crow officials have declined to comment on the change. The company is conducting the transaction under a partnership called Parmer/Retail 35 Ltd.

The city would contract with the Texas Department of Transportation, which would do the planning, design and construction. The transportation department has planned to move the exit as part of long-range changes for I-35. The project has been accelerated with the money from Trammell Crow.

The area around Parmer and Howard lanes is quickly adding retail. 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. A timetable for the project has not been set.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.