A 115-acre industrial park is headed to a rapidly growing suburb northwest of Austin. The Leander City Council Thursday approved annexation and zoning for the Titan Development project, entering into an economic agreement that awards the Albuquerque developer $3.6 million in incentives.
The $84 million development will have 1.3 million square feet of covered space with industrial, flex industrial, and commercial uses, including manufacture, assembly, or processing of materials; warehouse and distribution research; testing and development laboratories; data centers; and wireless communication facilities.
Completion of the development Hero Way and County Road 270 will take place in phases from 2029 to 2036. The city agreed to up to $3.575 million in cost-sharing reimbursements for improvements to County Road 270.
The project could generate $18.5 million in tax and utility revenues for Leander over the next 10 years.
Titan Development recently developed similar projects including Gateway35 and NorthPark35 in Georgetown and Innovation Business Park in Hutto.
