Two major development projects announced last year will bring big changes to two corners of the Interstate 35 and Highway 29 intersection—the Wolf crossing retail center on the southeast corner and Wolf Lakes Village on the northwest corner. Both projects will be built on land acquired by Jay Wolf and developed by his children. David Wolf is the developer and land owner for Wolf Crossing and Iva Wolf McLachlan with her husband, Donald McLachlan, are the land owners and lead developers for Wolf Lakes Village.
The Wolf Crossing retail center started construction in October last year. You can see site work happening along I-35 and on University Avenue to prepare for the 250,000-square-foot retail center. The project is being developed by CSW Development with leasing by JLL, and is expected to open later this year.
Wolf Crossing will include new restaurants such as Olive Garden, Jersey Mike’s, Jason’s Deli, First Watch Café, and Austin’s Pizza, as well as Tiff’s Treats and Menchie’s Frozen Yogurt. The center also will be home to the first P. Terry’s Burger Stand outside the city of Austin.
Additional key Wolf Crossing tenants include an Aldi grocery store and a Marriott Fairfield Inn and Suites with a scenic site along the South San Gabriel River. Other tenants include Verizon, Salons by JC, Austin Regional Clinic, Firestone, and CareNow Urgent Care.
As you can see from the businesses that will be located at Wolf Crossing, the center will provide needed services and amenities for our residents and workforce. The project is an indication of our strong local economy and the response from local retailers and services who want to be in our city.
Wolf Crossing supports the 2016 Georgetown Merchandising Strategy that was developed by our economic development team by providing space for retailers that fill the identified gaps, predominately across multiple restaurant categories. Wolf Crossing will serve not only the residents of Georgetown, but our primary trade area of more than 130,000 people. That will bring customers from outside of Georgetown and help to strengthen our economic vitality.
Wolf Lakes Village
Diagonally on the corner opposite Wolf Crossing will be Wolf Lakes Village, a mixed-use, master-planned 164-acre development. Initial plans for the project, which were approved the City Council last year, include office, retail, entertainment, hotels, and 2,400 housing units totaling 5.3 million square feet of development phased over several years.
The town center concept for Wolf Lakes Village features a walkable neighborhood with an amphitheater, open-air pavilion, plaza square, pocket parks, playgrounds, trails, and lakes. The project is projected to begin construction later this year.
Wolf Lakes Village is designed to include a regional employment center with more than 725,000 square feet of corporate office space that would be home to 4,500 employees. The developer estimates the complete development to be valued at $1.7 billion by 2050, versus $460 million if developed as a traditional shopping center. The amount of corporate office space and public areas that will be part of Wolf Lakes Village will make it a unique development in Georgetown.
The City of Georgetown is working with developers, Williamson County, and Texas Department of Transportation to proactively plan capital improvements to improve traffic flow in conjunction with development in the area.
The Wolf Lakes Village and Wolf Crossing developments represent significant milestones for Georgetown. We can thank the Wolf family for their foresight in bringing these quality projects to our city.