American Ventures is seeking a rezoning from the City of Elgin in order to construct a mixed-use project featuring retail, restaurant, and hospitality establishments. The proposed development will be situated on a 60-acre plot along U.S. 290, adjacent to Ascension Seton Elgin Medical Center. With approximately 12,000 residents and located just 30 minutes east of Austin, Elgin is experiencing significant growth.
The project aims to bring in around 349,000 square feet of retail space and an additional 31,400 square feet for hotel accommodations. According to the Austin Business Journal’s reportage on the matter at hand; several hotel chains as well as retailers have expressed interest in leasing spaces within this development by American Ventures – who are expectedly gearing up for marketing efforts soon after securing their desired rezoning approval later this year.
On its official website; American Venture proudly boasts about managing over fifteen thousand units while also acquiring an impressive four thousand three hundred units since their inception back in twenty-thirteen (2013). Their primary focus remains on new developments alongside value-add multifamily & commercial real estate investments – making them one of the foremost experts within this industry.
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