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Hill Partners Buys Time for Office, Speeds Ahead on Retail

AUSTIN-San Clemente at Davenport has to wait on its 800,000-sf office component, but that's not the case with the retail plan. Land is being cleared as the leasing team gears up to sign a bank and dermatologist in February.

By Tim Green | Updated on January 29, 2002

AUSTIN-Crews are clearing land at the southwest corner of Capital of Texas Highway and Westlake Drive for the San Clemente at Davenport development, but just the project’s retail portion will be built immediately.

Austin-based Hill Partners has put plans on hold for 800,000 sf of office space until the office market revives. But, with the city’s retail market much healthier than its office counterpart, the retail portion of the project is proceeding, says Harry Scott of the Austin office of Trammell Crow Co., which is developing and leasing the retail component.Scott tells GlobeSt.com that the retail portion will be more oriented toward service providers than the larger Davenport Village shopping center on the northeast corner of the intersection.

A cosmetic dermatologist has been signed for half of the top floor of the 32,000-sf retail building, he says. Also a bank has signed a contract to place a 5,000-sf to 7,000-sf, full-service banking center, including drive-through lanes, at the shopping center. That lease should be signed in February. He declined to name the tenants.

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