Cousins Properties eyes Marshall tract

Apr 21, 2014
Austin Business Journal

Cousins Properties Inc. has discussed purchasing 38 acres of the Marshall tract on Lost Creek Boulevard in West Austin, according to a report in the Austin American-Statesman

The disclosure of the Atlanta-based development company's interest in the tract came during statements made at a recent meeting of the Lost Creek Municipal Utility District, but the report notes that the developer has yet to file for any building permits on the tract

Utility district officials said Cousins developers hope to transform the tract into an office park. There is also the possibility that a portion of the land could be sold again to make way for an assisted-living center

Before any work along those lines could begin, the property, currently zoned as single-family housing, would have to be rezoned by the city of Austin, which will be annexing the area by the end of 2015

The potential purchase will be discussed by the Lost Creek Neighborhood Association at its next meeting

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