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Bee Cave OK Looks Promising for 1.35-MSF Galleria

BEE CAVE, TX-A 114-acre mixed-use plan, calling for a super-regional mall, could get its final approval in the near future. The developers figure they're about 18 months out from a construction start, says the Austin partner.

By Tim Green | Updated on April 11, 2002

BEE CAVE, TX-Developers of a mixed-use project that includes a super-regional mall in Bee Cave expect to get approval for a scaled-back version of the venture from the village board soon. Chris Milam, the Austin-based partner in the development, says the board should give a green light to the project within a month.

From there, construction could start in 18 months, which would deliver the first phase by late 2005, Milam tells GlobeSt.com. The developers are Milam’s International Development Management, Dallas-based Lincoln Property Co. and Cleveland-based Forest City Enterprises.

Milam tells GlobeSt.com that they haven’t started to actively market the project, but have received good feedback from target tenants such as Lord & Taylor, Saks Fifth Avenue, Macy’s and Nieman Marcus. Called the Hill Country Galleria, the project calls for 1.35 million sf of retail space with four anchor stores; a 60,000-sf to 65,000-sf movie house; a five-story, 350,000-sf hotel; and 500,000 sf of office space. Previous plans called for 1.5 million sf of retail, a taller hotel and more office space. The project would sit on 114 acres in Bee Cave between Bee Cave Road, Texas 71 and RM 620.

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