Westbank Market Renovation

Around West Lake Hills Texas-Construction management met with a safety officer to discuss exterior renovations now underway at the Westbank Market Shopping Center. Westbank has 35 store fronts that will be transformed in phases. A glimpse of the plans suggest the updated store front architecture will be Modern Farmhouse. According to Google Gemini, the cost of such a project would be $15,000-$50,000 per storefront. The first phase targets the Eastside. This portion of Westbank Market spans from the Bank of America to the Austin Shoe Hospital and includes Jersey Mike's, FEDEX and Chipotle. As shown, access points are facilitated by plywood-boarded tunnels. Note that some parking at the store fronts will be limited. According to information provided by Barshop & Oles, Westbank consists of 138,412 sqft with Randall's "Flagship" grocery covering 58,132 sqft. 18 storefronts are less than 1801 sqft. Demographic information is also provided: within one mile the population is 6,941, 2,518 households with an average household income of $247,379, within three miles 68,949/34,624/$118,975 and within five miles 247,349/189,010/$148,526. They note that RM2244, west of Rollingwood Drive, has 31,000 vehicular traffic per day. Barshop & Oles notes for "Availability...rental rates email leasing associates for information." Listed NNN's provided is $13.67/sf/year with TI allowance negotiable. See https://www.barshop-oles.com for more information. The center at 3300 Texas RM2244, is on 20.58 acres, was built in 1988 and according to HCAD/TCAD records has 2025 tax year land value of $17,932,760 and improvement value of $34,795,240 for an appraised total of $52,728,000. (zabalist.com)