Best in Texas™: New Austin Samsung Semiconductor Plant Becoming a Magnet

ALEX Studios just published its report based on Austin Business Journal and Connect CRE articles. The new Samsung Semiconductor Plant is becoming a magnet for real estate development.

“Samsung is deep into construction on a 6 million-square-foot facility on a 1,200-site near the former intersection of County Roads 401 and 404 that is expected to open next year.

Quannah Partners is not the first and will not be the last company to try to capitalize on the $17 billion Samsung chip plant going up in Taylor. The company wants to turn 69 acres into an industrial park not far from the plant.

Quannah Partners LLC’s plans for the Park79 Commerce Center were on the town council’s latest agenda. The developer is seeking to create a public improvement district (PID) to help fund an estimated $10 million in infrastructure improvements for the site, located along U.S. Highway 79. The Council voted to accept the petition and scheduled a public hearing for the PID for next month.

Quannah has proposed three buildings at the site totaling about 357,000 square feet that would have an estimated value of $75.4 million at full buildout” From Connect CRE.

Research real estate in the Samsung Area for sale, sold, homes, townhomes, lots, commercial, new construction, reduced, or even homes zoned to the Best Elementary Schools.

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares 
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are a real estate agent or broker interested in the Samsung Area, and you want to be one of the few armed with the best research, analysis, marketing and White Glove Service for you and your clients contact me! Diane