City of Austin and Catellus Development Corporation Ink Exclusive Negotiating Agreement for Colony Park

The City of Austin Economic Development Department is moving forward with plans to develop a 208-acre site near Colony Loop Drive and Loyola Lane – the Colony Park Sustainable Community.

The Economic Development Department signed an Exclusive Negotiating Agreement with Catellus Development Corporation (Catellus) for the Colony Park Sustainable Community project. When complete, the project is expected to feature a mix of housing types, retail and office space, a transit center, and an innovation district. The Colony Park Sustainable Community will be the largest redevelopment of city-owned land since the Mueller project.

Read the full release from the City of Austin.

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