(To read more on the debt and equity markets, click here.)

ROUND ROCK, TX-Ikea has tied up 21.5 acres in this suburb north of Austin for a new store. Pending approvals and permits, construction should begin early next year and the new store should open in early 2007. The landowner is Endeavor Real Estate Group of Austin.The would-be development site is at the southeast corner of the Interstate 35-Chandler Road interchange. The building is planned to be 252,000 sf and include four model homes, 50 room settings, a supervised children’s play area and a 250-seat restaurant. The site has been designed with 1,100 parking stalls. Endeavor Group principal Chris Ellis did not return a phone call seeking comment. The store will be Ikea’s third in the state. The company’s Frisco store opened earlier this month. The company’s store in Houston has been open since 1992 but moved to a new location this time last year. In addition to the temporary construction jobs, Ikea says the store will employ between 250 and 300 people when the store opens.IKEA currently has more than 215 stores in 33 countries, including 24 in the US. New stores are currently being planned for Bolingbrook, IL; Brooklyn, NY; Canton, MI; Dublin, CA; Somerville, MA; Stoughton, MA; and West Sacramento, CA..

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.