Recently a local TV station, KXAN, ran a feature piece about a new water park that coming to Round Rock. Kalahari Resorts broke ground on a 1.5 million (that’s not a typo) square foot “indoor” water park and convention center. The hotel will have 1,000 rooms and the water park will be the largest in the country. The location is near the Dell Diamond at US 79 and Kenny Ford Road. The cost of this Texas sized colossal is a cool $550 million. An estimated 2,000 jobs will be created from this enterprise that is expected to be completed in 2020 and that is great news for us investors in residential rentals as these folks will need to live somewhere.
Now is absolutely a great time to own Austin area residential real estate.
Rick Ebert / Austin, Texas / 16 May 18