A new retail development is coming to Southwest Parkway and William Cannon, the Austin Business Journal reports.
Stratus Properties, Inc. will be developing the 325,000 square foot center, which will include 100,000 square feet of shops, dining, and entertainment space, including a Moviehouse Theater & Eatery with 12 screens. There are also plans for a hotel to be built on the site.
Stratus sees the development as an opportunity to reach a very affluent population that lives in the area and has been underserved in terms of retail and restaurants.
The project is called Lantana Place and is now off and running after Stratus received a $26.3 million loan from Southside Bank at the end of last month.