Commercial / Investment Real Estate: Austin Texas Area: Residentail Development for sale in Lago Vista, Texas, Travis County
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Georgetown County, Texas Commercial Real Estate and Investment Properties

COLONIAL PARK CENTRE - Georgetown, Texas

Residential Development - 7 Porticos in Lago Vista, Texas

Project Overview

Colonial Park Centre is a new office/medical/retail development, located at 4909 Williams Drive in Georgetown, Texas. The "restored" Georgetown architectural setting has a distinctive appeal to the active adult retirement community and the young families in the surrounding neighborhoods. Colonial Park Centre is designed to be a safe, easily accessible and identifiable park-like setting where business and shopping is a comfortable and enjoyable experience.

Colonial Park Centre is being developed by Colonial Park Centre, LP. The principal participant in Colonial Park Centre, LP is Dennis DeWine who also owns the real estate business, ERA Colonial Real Estate, currently located on the site. This five acre tract is south of Sun City residential development and east of Scott & White Clinic.

You know you have arrived at the Colonial Park Centre upon crossing road pavers and noticing the directional signage at the signature monument. Traffic is slowed and flows orderly around in the Park.

It is easily accessible, traditional, safe and open. Oak trees, porches, sidewalks and golf cart paths create the pedestrian park-like setting encouraging patrons to
ride in their carts or walk.

The design of Colonial Park Centre will have five separate and distinctive buildings for ideal tenant identification and recognition. The buildings will be one story with large entry porches nestled among hundreds of oak trees. The Centre will have +/- 35,000 total square feet of office/medical/retail space.

Each pad site will be sold as part of an office condominium with all grounds maintained by the condominium association. The architectural style of the buildings will vary with their own character however the design standard will require continuity of design.

Overview: For Sale or Lease. 40,000+/- sf of new development adjacent to Sun City and Scott and White Clinic. 5 buildings including a bank, pedestrian friendly.

Price: $3,500,000

Location: Georgetown, Texas.

Directions: It is located 5 miles west of IH35 on the north side of FM 2338. This property is in the Northwest section of the eight-mile Williams Drive Corridor. Immediately northwest of the site is the entrance to Scott and White Clinic. Del Webb Boulevard, approximately 1/4 miles northwest, is the nearest signal light. Southeast, approximately 1/2 mile, is the Cedar Breaks Road and Sequoia Spur W signal light. This is the closest major intersection with large shopping center sites under development.

Site Description: The real property is situated in Williamson County, in Georgetown, Texas, on FM 2338 at 4905 and 4909 Williams Drive and legally described as W.D. Ischy Subdivision, Lot 2 and Lot 3. Lot 2 is 2.0 acres and Lot 3 is 3.242 acres.

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