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The Village at Kyle - Kyle, Texas | Economic Development · PDF file The Village at Kyle Executive Summary Introduction: The City of Kyle, Texas is located on Interstate 35, twelve

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  • The Village at Kyle

    Executive Summary

    Introduction: The City of Kyle, Texas is located on Interstate 35, twelve miles south

    of Austin and ten miles north of San Marcos in northeastern Hays County. At this site the Balcones Escarpment meets the blackland prairie; to the east is farming and to the west, ranching. Kyle has traditionally been a bedroom community for the City of Austin and a crossroads town linking communities to the east with the Texas Hill Country.

    Trade Area: 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. Kyle is currently the 5th fastest growing city in Texas, and the fastest growing city between Austin and San Antonio. 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.

    Project Description: 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, will develop 75 acres of the project for a full service hospital facility. SCC Development Company will develop a 900,000 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 will open in the spring of 2009. Phase II will encompass the south side of FM 1626 and will open in spring 2010. Seton Hospital is scheduled to open in November of 2009.

  • 301 Congress Ave, Suite 1550 Tel: (512) 329-9947 Austin, Texas 78701 Fax: (512) 329-9948

    The scope of the development is as follows:

    • Seton Hospital – 300,000 sf hospital facility with 141 beds in Phase I. The hospital is expandable to 210 beds. The hospital will employ approximately 2,200 people and Seton plans to open the hospital in November of 2009.

    • Medical Office Building – The first phase of the hospital complex will have a 100,000 sf office building for doctors and outpatient care. Seton has plans for an additional 80,000 sf medical office building that can be incorporated into Phase I if needed.

    • Shopping Center – Phase I of the shopping center will be on the north side of FM1626 at IH-35 and will contain approximately 500,000 sf of retail. There will be a mix of big box, junior anchors, shop space and pads in this first phase. Delivery of space in Phase I will be in early spring of 2009. Phase II of the center will be on the south side of FM 1626 at IH-35 and will have almost 500,000 sf of retail space. Phase II will have more junior anchor space along with small shop space and various pad opportunities. Phase II will be delivered in spring of 2010.

    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. Traffic Counts on IH-35 are 90,000 v.p.d. and the projected traffic count on FM 1626 is 32,500 v.p.d.

    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.

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