Gateway to Falconhead brings retail, offices to Bee Cave

More retail and office space is coming to the Bee Cave area through the Gateway at Falconhead. The 127,000-square-foot project located on 14 acres at the southwest corner of RM 620 and Falconhead Boulevard is anticipated to have a completed retail section by the first quarter of 2015, and a complete office section by the second quarter.

John Elges, the senior vice president of developer La Croix, said the project would include a bank, several restaurants, a salon and a daycare. Elges said there is also high demand for office space in the area, and that Gateway to Falconhead provides 80,000 square feet of office space.

Traffic patterns in Austin are getting wretched, he said. Larger companies are not quite yet in the process of coming to Lakeway and Bee Cave, but there are a ton of smaller organizations that could be there, and theyre leaning more and more toward the idea of not having to make the drive in Austin we dont have a tenant right now, but there are quite a few people circling, and theyre extremely excited about it.

The retail portion of Gateway to Falconhead is designed to have a boutique feel, Elges said.

Its not going to be a typical big box retail location, Elges said. What most retailers are looking for historically over the last 10 to 15 years has been a big box environment, and this is the antithesis of that. This is a much smaller feel and is designed to fit the sensibilities of being in a desired real estate area, which really does end up as a boutique feel. Its not going to be a strip center there will be buildings to walk around, with fronts and backs to them as opposed to just fronts.

The project experienced holdups when the original developer dropped out and a new one had to be found, but everything is back on track, Elges said. The project has also been held up by the Bee Cave City Councils decision that the project had to have a detention pond on it when the original plans did not accommodate for one.

Yes, of course it [the detention pond] will hold us up, but the good news is that its going to be beautiful, Elges said. Ive been joking that theyre going to need some swans. Theres going to be standing water in there, and theyre going to put some fountains, and its going to be beautiful. My guess is that its going to be the prettiest shopping center all along the Bee Cave and Lakeway corridor.

Construction will begin soon, Elges said.

Im on the edge of my chair waiting for that to occur, Elges said.

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Gateway to Falconhead brings retail, offices to Bee Cave