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Tesla Gigafactory in Austin

Electric automaker Tesla will officially build its next manufacturing plant in Travis County in an area just east of the city of Austin, bringing with it at least 5,000 new jobs.

Tesla CEO Elon Musk announced the decision to develop its next “gigafactory” in Travis County in a July 22 earnings call following months of deliberations between the company, Travis County and Del Valle ISD over economic incentives that would help bring the company to Texas. Tesla anticipates construction to begin in the third quarter of 2020, with initial operations at the Travis County gigafactory beginning as soon as the fourth quarter of 2021.

Already, Tesla has taken steps to charge forward with the site, seeking its first development variances from the county July 21, which was regarding construction on roads leading to and from the gigafactory site along SH-130 just north of W. Hwy. 71.

“We’re going to make it a factory that is going to be stunning,” Musk said. “It’s right on the Colorado River, so we’re actually going to have a boardwalk where there will be a hiking/biking trail. It’s going to basically be an ecological paradise—birds in the trees, butterflies, fish in the stream—and it will be open to the public as well.”

Texas Gov. Greg Abbott welcomed Musk’s announcement with a statement praising Tesla as “one of the most exciting and innovative companies in the world.”

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Austin’s Housing Market During Covid-19

Austin’s economy and housing market could be well positioned to minimize the potentially negative impact of COVID-19, Mark Sprague, state director of information capital for Independence Title, said. “Austin’s economy has diversified and strengthened over the past two decades. This leads me to be optimistic that our region is in a strong position to withstand economic downturns that may have a greater impact nationally,” Sprague said.

“Effects will still be felt especially by those who depend on each paycheck to pay their bills and provide for their families, and that cannot be discounted.” According to Sprague, despite the current uncertainty, buyers are still eager to close sales in Austin. “Current indicators are that Austin’s housing market remains strong and competitive. Any decrease in inventory would only increase competitiveness in our market.

Overall, Austin’s economy and housing market look to be resilient during this uncertain time. Once COVID-19 subsides, there is a potential for even more investment by employers in the Austin market, and I would expect those looking for a more affordable cost of living compared to other major U.S. metropolitan areas will still look to move to and buy homes in Austin,” Mark Sprague concluded.

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Just Listed in Georgetown!

220 Fannin Battleground LN, Georgetown, Texas 78628 listed at $489,000

Stunning one story w/extended master & outdoor living, media room + wine room. Open concept living/dining area that is perfect for entertaining. Beautiful finishes: hardwood floors, dark custom cabinets, stainless steel appliances & granite. Master suite includes walk-in closet, dual vanities, garden tub & walk-in shower. This rare lot backs to ranch property- plenty of privacy & space. Neighborhood amenities include 2 pools, community center, park, walking/biking trails, & top-rated Parkside Elementary!

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RRC: 2018 YEAR IN REVIEW

By Mary Lynne Gibbs • 2018 Director

CRS designees step up when there’s a call to action. Our RRC Central Texas Region contributed more than $1,000 to our charity of choice, The Refuge Ranch. The largest long-term, live-in rehabilitation facility provides holistic care for girls through age 19 who have been rescued from sex trafficking. Did you know there are currently 79,000 young adults and minors being sex trafficked in Texas alone? It was our pleasure to help those who are addressing this alarming exploitation.

“We have four girls who have already begun their journey to health, happiness and healing at the ranch and they are so deserving,” says Kristine Schmidt, a board member at The Refuge. “At The Refuge we believe there is no rescue without restoration and our circle of care is a reflection of this.” This year we also had moments of joy together as a board and a network group. This by far, I feel, is our greatest accomplishment. Another feather in our cap is that Mary Miner was named CRS of the Year for Texas.

To those who have served on this year’s board, I have profound gratitude in all that we’ve accomplished. I want to extend my highest appreciation for all the time and commitment everyone gave synergistically to create another successful year. It has been my honor to serve you. As I pass the baton, I do not say goodbye, I say carry on. I’m behind you and will continue to serve as the state education chair for 2019.

To those who have served on this year’s board, I have profound gratitude in all that we’ve accomplished. I want to extend my highest appreciation for all the time and commitment everyone gave synergistically to create another successful year. It has been my honor to serve you. As I pass the baton, I do not say goodbye, I say carry on. I’m behind you and will continue to serve as the state education chair for 2019.

Thank you to my outgoing board: trusted advisor, Gay Puckett; previous past director, Gena Hammonds; sponsors, Lili Maliner; treasurer, David Burton; education, Georganna Zaba; membership, Susanna Boyer and speakers, Ted Smith. And congratulations to the 2019 board: director, Susanna Boyer; previous past director, trusted advisor, Mary Miner; sponsors, Lili Maliner; membership, Cathy Ryden; treasurer, Linda Welsh; speakers, David Burton and education, Linda Scott. RRC luncheons for 2019 will be from 11:30 a.m. until 1 p.m. at Austin Country Club on Feb. 20, April 17, June 19, Sept. 11 and Dec. 4. Please make plans to join us and become part of the Residential Real Estate Council. Happy Holidays.