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The Village at Kyle is a 215 acre mixed use development. Seton Hospital, the largest health care provider in Central Texas and a part of Ascension Health Care, has developed a 300,000 sf full service hospital facility on the property. SCC Development Company will develop a 500,000 sf shopping center in two phases that will be located in front of the hospital. FM1626, the major east west thoroughfare through the region will be extended from IH-35 to Dacy Lane. Phase I of the project will be on the north side of FM 1626 and opened in the spring of 2009, with Lowe's Home Improvement Center, Walgreen's, a 26,000 sf retail building, and multiple pad users. Phase II will encompass the south side of FM 1626 and will open in spring 2011. Seton Hospital opened in November of 2009. Additionally, Bremner Duke has opened a 100,000 sf medical office building adjacent to the hospital for doctors.
The scope of the development is as follows:
Access Road Network:
The Village at Kyle is easily accessible from IH-35, the State's major north-south interstate highway, as well as FM 1626, an important highway linking Kyle to the City of Austin.
Austin Market Overview:
Austin is a leading technology center and the fastest growing market in Texas with the local economy still growing at a robust 4.5% annually. Despite the economic downtown associated with 9/11 and the dot com bubble, local economist Dr. Ray Perryman projects almost 100,000 new jobs will be formed in Austin over the next five years. As the capital of Texas, Austin is the center of all government activities in the state and home to the state's largest university, the University of Texas.
The Village at Kyle is situated in Hays County almost at the halfway point between South Austin and San Marcos. This trade area has been growing an average of 125% annually and Kyle is currently the 6th fastest growing city in Texas. Strong in-migration, a growing base of employees, and significant additions to the infrastructure and housing supply have all contributed to Hays Country establishing itself as a premier destination for business and families. The rapid growth is expected to continue, as the Texas State Data Center predicts that Hays County’s population base will rise from 124,432 residents in 2005 to almost 345,000 by 2025 — an annual growth rate of approximately 5.2 percent. In fact, the county's growth is projected to double the Austin MSA's overall pace during this same period.