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  7. Cielo Property Group
๐Ÿ‘ค
Property Owner5 Active

Cielo Property Group

801 W. 5th Street, Austin, Texas 78703
Michael Dabney
13
Total Projects
$327.6M
Portfolio Value
5
Active Now
1,304,160
Total Sq Ft
5
Cities
$25.2M
Avg Value

About Cielo Property Group

Cielo Property Group is a significant property owner and developer in Austin-Central Texas and Dallas-Fort Worth with a comprehensive real estate portfolio of 13 construction projects valued at $327.6M. The development portfolio focuses primarily on new construction, with 8 new construction projects and 5 renovation projects representing 1,304,160 square feet of developed space.

๐Ÿ“ŠWork Items

  • 8 new construction projects (62%)
  • 5 renovation projects (38%)
  • Average project value: $25.2M
  • Total square footage: 1,304,160 sq ft

๐Ÿ™๏ธMarket Presence

  • Austin8 projects
  • Little Elm2 projects
  • Bee Cave1 projects
  • Allen1 projects

With 5 active projects currently under development and 8 completed projects, Cielo Property Group maintains a strong presence across 5 cities, working with leading architecture and design firms including Franz Architects, DES Architects + Engineers, Redline Design Group. The development portfolio is concentrated in Austin, Bee Cave, Dallas, establishing Cielo Property Group as a key player in Austin-Central Texas & Dallas-Fort Worth commercial and residential real estate development.

Market Position

#1
of 0+ Texas property owners
by project volume
Top markets
AustinLittle ElmBee Cave

Activity Over Time

2018
4
2019
1
2020
1
2021
2
2022
4
2023
1
Median project: $1.5MAvg cost/sqft: $13,437/sqftPeak year: 2018 (4 projects)
๐ŸŒŸ Featured Project๐Ÿ—๏ธ New

Block 41 Phase 1 High Rise Mixed Use Office Tower

208 E 4th Street, Austin, TX 78701
$275.0M1,245,000 sqft
๐Ÿ“…

Activity Timeline

First Project
Jul 2018
Latest Project
May 2023
5
Active
8
Completed
๐Ÿ“

Project Locations

Austin
8
Little Elm
2
Bee Cave
1
Allen
1
Dallas
1
Counties
Travis9Denton2Collin1Dallas1
๐Ÿ›๏ธ

Design Partners

6 architecture firms

1
Franz Architects
1 projectsยท$3.5M
๐Ÿ—๏ธ 1 newavg $3.5M
Bee Cave
Latest:Calloways Nursery - Bee Cave, TX(May 2023)
2
DES Architects + Engineers
1 projectsยท$1.5M
๐Ÿ”ง 1 renoavg $1.5M
Austin
Latest:Crossover Health Austin(Oct 2022)
3
Redline Design Group
1 projectsยท$500Kยท1 active
๐Ÿ”ง 1 renoavg $500K
Austin
Latest:Planet Fitness - Riverside, TX(Jul 2022)
4
HKS Inc.
1 projectsยท$275.0Mยท1 active
๐Ÿ—๏ธ 1 newavg $275.0M
Austin
Latest:Block 41 Phase 1 High Rise Mixed Use Office Tower(Jun 2022)
5
idGROUP
1 projectsยท$300Kยท1 active
๐Ÿ—๏ธ 1 newavg $300K
Little Elm
Latest:Starbucks - Hwy 380 & Union Park(Mar 2022)
6
Interior Architects
1 projectsยท$125K
๐Ÿ”ง 1 renoavg $125K
Austin
Latest:Foundry II Fitness Center Remodel(Sep 2021)
13 total design firms worked with$327.6M combined
๐Ÿ“Š

Project Status

๐ŸClosed
8(62%)
๐Ÿ“Review Complete
4(31%)
โœ…Inspection Complete
1(8%)

All Projects

13 total ยท Sorted by date
๐ŸClosed$3.5M

Calloways Nursery - Bee Cave, TX

TBD Palmero Drive, Bee Cave, TX 78669
May 9, 2023๐Ÿ—๏ธ
Franz Architects
๐ŸClosed$1.5M

Crossover Health Austin

720 Brazos Street, Unit 700, Austin, TX 78701
Oct 20, 2022๐Ÿ”ง
DES Architects + Engineers
โœ…Inspection Complete$500K

Planet Fitness - Riverside, TX

1819 S Pleasant Valley Rd, Austin, TX 78714
Jul 22, 2022๐Ÿ”ง
Redline Design Group
๐Ÿ“Review Complete$300K

Starbucks - Hwy 380 & Union Park

740 Union Place, Little Elm, TX 75068
Mar 15, 2022๐Ÿ—๏ธ
idGROUP
๐ŸClosed$125K

Foundry II Fitness Center Remodel

405 Comal St. Level 2, Austin, TX 78702
Sep 28, 2021๐Ÿ”ง
Interior Architects
๐Ÿ“Review Complete$800K

Starbucks Shell Little Elm Hillwood

US Hwy 380 (Hillwood) & Navo Rd, Little Elm, TX 75068
Aug 30, 2021๐Ÿ—๏ธ
Thomas A Pirtle III
๐ŸClosed$50K

323 Congress steps a205143901

323 Congress, Austin, TX 78701
Apr 15, 2020๐Ÿ”ง
Carson Design Associates
๐Ÿ“Review Complete$1.6M

Perkins + Will Austin Office

1501 East 4th Street, Austin, TX 78702
Apr 16, 2019๐Ÿ—๏ธ
Perkins + Will
๐ŸClosed$450K

Starbucks Shell Allen

Greenville Ave & Exchange Pkwy, Allen, TX 75002
Dec 17, 2018๐Ÿ—๏ธ
Thomas A Pirtle, III
๐ŸClosed$3.2M

3090 OLIVE STREET TENANT

3090 OLIVE STREET, Dallas, TX 75219
Oct 29, 2018๐Ÿ”ง
PGAL
๐ŸClosed$39.0M

4TH & COMAL

1600 E. 4TH ST., Austin, TX 78702
Oct 18, 2018๐Ÿ—๏ธ
MICHAEL HSU OFFICE OF ARCHITECTURE
๐ŸClosed$1.5M

DPR CONSTRUCTION

310 COMAL ST. Ste. 300, Austin, TX 78702
Jul 2, 2018๐Ÿ—๏ธ
INTERIOR ARCHITECTS
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