Stoneridge mixed-use starts with warehouse

A local developer is planning a large mixed-use project just east of the Austin-Bergstrom International Airport.

Stoneridge Capital Partners recently filed pans to build an industrial project, costing almost $97 per square foot, in a development where commercial, retail, office, hotel and multifamily are also planned, the Austin Business Journal reported.

The overall project, called Colorado Bend, will rise on more than 100 acres that Austin-based Stoneridge owns near the intersection of state highways 71 and 130, at Dionda and Fallwell lanes.

Colorado Bend Industrial, a one-story, 454,000-square-foot cold dark shell costing an estimated $44 million, will be the first project built in the development, according to filings with the Texas Department of Licensing and Regulation, the City of Austin and Travis County.

Construction is expected to take a year to complete and begin in May, according to TDLR filings, which are preliminary and prone to change.

The Colorado Bend site is a few miles south of the $1.1 billion Giga Tesla factory, which Elon Musk is planning to finish out with an additional $58 million. That buildout will cover 175,000 square feet, according to the plans, while the factory as a whole spans over 10 million square feet. Work is slated to run through mid-March.

To the south, in suburban Buda, CLD Realty has proposed building seven one-story buildings with retail and restaurant space on a 5.7-acre site at 2260 Main Street. The 48,000-square-foot complex would cost about $8 million, and construction is scheduled to begin in March.

— Victoria Pruitt