Schlitterbahn Cedar Park
The City of Cedar Park and Schlitterbahn Waterpark Resorts announced plans on January 28, 2010 for the Schlitterbahn Boutique™ Hotel and Conference Center in Cedar Park. The original project called for a $360 million resort with lodging, retail, restaurants, and a conference center. The original project was approved unanimously by the Cedar Park city council, but to date has not broken ground.
The city now anticipates that the Schlitterbahn Cedar Park Waterpark build out will be a $75 million 16-acre Schlitterbahn indoor/outdoor convertible water park. Although there is no update at this time, city officials continue to work on what would be one of the largest private investments in the city’s history, and hope to update the community soon.
Click here for a PDF of the site plan. [PDF]
Wal-Mart, HEB and Costco
2011 ended with three major new retail announcements for the City of Cedar Park, reflecting the desirability of the city as a place to do business. Wal-Mart announced plans for a new supercenter (over 150,000 square feet) at the booming 1431/Parmer intersection, which was quickly followed by HEB announcing a new expansion of its facility, also at 1431/Parmer. Both are expected to begin construction immediately. The Town Center section of the city also received a boost when it was announced that the popular membership club Costco plans a new facility in the Town Center at the 1431/183A intersection; construction is expected to begin in 2013.
Cedar Park Center
The $55 million dollar Cedar Park Center opened on September 25, 2008. To date, The Cedar Park Center has hosted over 350 events with nearly 1,000,000 attendees in the first three years of operating. The Cedar Park Center is a multi-purpose event center on city-owned property at the corner of New Hope Drive and Toll Road 183A. The indoor event center is 181,000 square feet, with 6,800 seats, 24 luxury suites, a center hung scoreboard, conference and meeting space, and 2,500 parking spaces immediately adjacent to the building. The event center hosts 40 regular season games plus pre-season and playoff games for the Texas Stars, American Hockey League affiliate of the Dallas Stars. The Cedar Park Center is also the home of the Austin Toros, the NBA D-league team of the San Antonio Spurs, who play 24 regular season games at the Cedar Park Center. The arena also hosts numerous family events, such as concerts/live entertainment, rodeo, ice shows, basketball, graduations, trade shows and more. The Events Center is a partnership of The City of Cedar Park, Texas and Hicks Cedar Park, LLC, an affiliate of the Hicks Sports Group (HSG).
Cedar Park Regional Hospital
Cedar Park Regional Medical Center, a joint venture of Community Health Systems and the Seton Family of Hospitals, opened in December 2007. The new hospital features state-of-the-art surgical suites and user-friendly patient rooms. The hospital currently employs 300 and operates 75 beds, expanding to 150 beds in the future. Cedar Park Regional Medical Center boasts advanced surgical and patient facilities, emergency facilities and physicians in over 25 specialties. Cedar Park Regional Medical Center has surpassed official expectations so far with over 800 surgeries and 10,000 emergency room patients.
The City of Cedar Park announced and agreement with Fallbrook Technologies to open a Corporate Operations Center in the City in May 2011. Fallbrook Technologies, which already employs close to 60 workers at its existing research and development/fabrication/test and manufacturing facilities in Cedar Park, is a clean energy company that uses its propriety NuVinci® technology to improve the performance and efficiency of transmissions for the automotive, electric vehicle, bicycle and wind markets. The expansion will provide 65 additional clean tech jobs in Cedar Park. The Operations Center will be located at the former Foxworth Facility on Brushy Creek Road. Fallbrook Technologies will invest $5.5M in its plant and equipment, a renovation of the former Foxworth facility, and employ 125 employees in the City of Cedar Park.
Corvalent Corporation relocated all of their operations from Morgan Hill, CA in 2008 to Cedar Park, Texas. Corvalent Corporation occupies a 24,000 square foot building in Arrow Point Business Park and employs 50 knowledge industry workers. Cedar Park's City Council voted unanimously on July 10, 2008 to approve an incentive package worth over $400,000 to aid in the company's relocation. Founded in 1993, the company is a designer and manufacturer of PC-based embedded boards, motherboards and systems for embedded and industrial applications. Corvalent Corporation is a member of the Intel® Communications Alliance and an ISO 9001:2000 certified company.
1890 Ranch is Cedar Park’s largest lifestyle center, at just over 900,000 SF. 1890 Ranch opened in May 2008, and is anchored by Super Target, Cinemark Movie Theater, Office Max, Academy Sports and Gold’s Gym. The project was developed by Endeavor Real Estate Group of Austin, developer of the Domain, and is located at the intersection of 1431 and the new north/south commuter toll road, 183A.
In February 25, 2010 Council authorized the City’s participation in the Texas Enterprise Zone Program. This program allows for municipalities to designate zones or projects for the State’s Enterprise program which provides tax relief for qualified applicants. ETS-Lindgren, and advanced manufacturer providing testing equipment to the wireless industry was the city’s first Enterprise Project. ETS-Lindgren has committed to over $6 million in new investment in the area, and will see its employment grow to 240 jobs. The immediate area surrounding ETS-Lindgren has recently seen the completion of the ArrowPoint Business Park, with over 50,000 SF of new office space. ArrowPoint Business Park is home to two companies the economic development department has assisted in relocating, Integrated Bank Technology and Corvalent Technologies.
BMC Building Materials Expansion
The City of Cedar Park’s Economic Development Corporation (4A) assisted BMC West in 2 expansions in Cedar Park. At BMC Millworks, the city extended Arrowpoint Drive and agreed to a 5 year incentive agreement for the company’s 100,000 square foot showroom and production facility. For BMC Building Materials, the city also assisted on infrastructure and abatements over 7 years at the company’s 18 acre distribution facility which opened in spring 2008. Together the 2 facilities have over 250 employees. BMC West, which serves the homebuilding industry, is a subsidiary of BMHC, a Fortune 1000 New York Stock Exchange traded company.