Pour House Pub slated to re-open in June; Spavia Day Spa, King & Rose Optical and Barley Bean have also signed on
AUSTIN, Texas – June 14, 2016 – CBRE and Argyle Residential announce that the ground floor retail at Burnet Marketplace, a new multifamily development in central Austin, Texas, has reached 85 percent occupancy. The 343-unit, five-story development, with 10,858 square feet of retail space, was completed in April 2016.
Burnet Marketplace, at 6701 Burnet Road, was developed on the former site of Pour House Pub, a longtime Austin establishment. The neighborhood bar anticipates opening this month in approximately 2,798 square feet at the new development, with a 1,500-square-foot outdoor patio underneath a preserved heritage tree.
New tenant updates:
- King & Rose Optical curates independent label and artisan eyewear and sunwear. The 833-square-foot eyewear boutique anticipates opening in July 2016.
- Spavia, a day spa with locations in 10 states, including two in Texas, will open in fall 2016 in 3,230 square feet.
- Barley Bean, an Austin-based café, will occupy 2,408 square feet and anticipates opening in fall 2016. This will be the fifth new location for the local café, which serves fine coffee, craft beers and a healthy choice of paninis, smoothies, fresh juices, teas and specialty groceries.
“The diverse and appealing local tenant mix that we have assembled at Burnet Marketplace offers convenient amenities for our residents, as well as the surrounding neighborhoods. Burnet Road continues to evolve and is establishing itself as one of the more prolific retail corridors in Austin and we are excited for our tenants to become a part of that story,” said Chase Hill, Development Manager, Argyle Residential.
“We are pleased to bring these four locally owned businesses to Burnet Road as part of the new Burnet Marketplace development. Burnet Marketplace is at the center of a new and exciting stretch of Burnet Road that also includes Barley Swine, El Chilito, The Aristocrat, Lick Ice Cream, Bufalina Due, Finley’s, and The Frisco,” said John Heffington, Vice President, CBRE.
Mr. Heffington and Eric DeJernett, with CBRE’s Austin office, are the exclusive retail leasing advisors for Burnet Marketplace.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
