As two huge cranes loom above the Lakeway skyline, excitement is growing in anticipation of the new Lakeway Regional Medical Center. Scheduled to open in Spring of 2012, the Lakeway Regional Medical Center will have a huge economic and lifestyle impact in Lakeway and the surrounding communities. The new medical center is expected to cost $211 Million and will be the largest single employer in western Travis County. According to managing director Dan Brouillette, the hospital will be built in three phases. Phase one will host 177 beds. Phase 2 will raise the bed count to 250 and eventually the hospital will reach a total of 400 beds. There will be two hundred thousand square feet of medical office space and sixty-three thousand square foot of office/retail. Restaurants and a possible hotel are expected in the future.
The local residential and commercial real estate markets will experience what has been described as a "tidal wave" of activity as 1300-1500 newly hired highly paid professionals seek places to live and shop. "This is huge for all aspects of our local real estate market, from rentals to high end luxury homes to commercial" explains Kenn Renner of Keller Williams Lake Travis Market Center. "We look forward to welcoming and accommodating all of our new incoming residents to our great Lake Travis lifestyle. The medical center is an economic breath of fresh air to an otherwise sluggish real estate market,"
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Kenn Renner, www.buyaustin.com - 512.423.5626
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