Georgetown Real Estate to Get New Life in the Inner Loop
From the Texas A&M Recon:
GEORGETOWN (Austin Business Journal) – New America Georgetown LLC of Houston will break ground later this spring on a 500,000-square-foot retail and commercial development on the northeast and northwest corners of the SH 29 and Inner Loop intersection.
The Inner Loop development will become the area’s second-largest retail development after the 700,000-square-foot Wolf Ranch, which opened in the summer of 2005.
A 2004 retail market study by the Capital Area Planning Council found that Georgetown was losing about $500 million in retail sales out of a potential $1 billion market, said Mark Thomas, director of Georgetown’s Economic Development Corp.
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