Westinghouse Business Park in Georgetown, TX

Westinghouse Business Park is a new construction project located at 1305 Blue Ridge Drive in Georgetown, Texas. The development consists of three buildings forming a mixed-use business park with a total size of 184,400 square feet. The estimated cost of the project is $25,781,110, which equates to approximately $140 per square foot. This figure places the project above the median estimated cost for similar new construction filings in Williamson County.

Balcones Real Estate Group is the owner and developer of record for this site. GMA Architects serves as the design firm of record. The project was registered with the Texas Department of Licensing and Regulation in September 2022. Construction was scheduled to begin in September 2022, with a planned completion date of September 2023. The TDLR record indicates that the agency closed the project file in September 2023. This action marks the end of the accessibility review process for this specific construction effort.

Project Scope and Market Context

The scope of work described in the filing identifies the project as a three-building, mixed-use business park. The estimated build window was 377 days, which is longer than the county median of 245 days for new construction projects. The cost per square foot of $140 is above the county median of $110. Balcones Real Estate Group has five other TDLR-registered projects on record, including three buildings in San Marcos and another business park in Georgetown. GMA Architects has six other registered projects, spanning locations in Austin, Dallas, El Paso, and Leander.

The surrounding area, defined by ZIP code 78626, has an estimated population of about 45,020 residents. The median household income in this area is $94,967, and the median owner-occupied home value is $358,500. Housing in this ZIP code is mostly owner-occupied. A third-party listing from images1.showcase.com describes the Westinghouse Business Park as a Class A industrial and flex development located in Georgetown.

Accessibility Registration Details

Kam-hung Kenneth Woo is the registered accessibility specialist associated with this project. The project is privately funded and developed on private land for private use. The TDLR registration status is listed as Project Closed. The closure of the file in September 2023 signifies that the administrative review phase under the Texas Accessibility Board system is complete for this specific filing. No further construction status updates are provided in the record beyond the closure date.