AUSTIN—St. Croix Capital Corp. is developing a site just west of the airport for the city's sixth Residence Inn by Marriott. The project will kick off development of a 60-acre, mixed-use development called Airport Gateway in southeast Austin.
“We've owned this land for a while, waiting for the right time to move forward,” says Ken Satterlee, founder and president of St. Croix Capital Corp. “With one hotel signed up, and another one in final contract negotiations, the market is telling us it's a good time to start.”
Located at 7119 E. Ben White Blvd., the property will have approximately 40 acres of industrial space and 20 acres of retail space. Once built out, the development, two miles west of Austin Bergstrom International Airport, is anticipated to have a value of approximately $90 million.
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