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Massive CedarView Center Mixed-Use Project Moves Ahead City of Cedar Park photo
The construction of CedarView Center remains in the early stages, with grading completed and infrastructure being installed.
By Keri White CEG CORRESPONDENT
The development and construction of CedarView Center, a 118-acre multi-use complex in Cedar Park, Texas, is moving forward with great enthusiasm from the city and the business community. Nebraska Furniture Mart (NFM), the Omaha, Neb.-based home furnishing company, is building CedarView, and will have a major retail presence there when the work is completed. Great Lakes Capital (GLC), an Indianabased real estate and private equity firm, is
partnering with NFM and the city of Cedar Park to develop a full-service Marriott hotel and convention center there. Violet Crown Management LLC is overseeing the project and the multiple contractors onsite. CedarView is located at 750 E. New Hope Drive in Cedar Park, about 20 mi. northwest of Austin’s city center. It is considered to be the largest retail development in the region to date. CedarView has been in the planning and development stage for several years. In December 2021, the Cedar Park City Council voted to approve a development
agreement for the project with the city allocating $45 million in performance-based rebates funded by taxes; these include taxes generated by the development itself, sales taxes, hotel taxes and property taxes. In compliance with the agreement, the developer is obliged to invest $400 million, create 725 jobs in the first year of operations and undertake all required infrastructure upgrades in advance of CedarView’s opening. Some of these infrastructure improvements include major road and intersection renovations. Arthur Jackson, chief economic development officer of the city of Cedar Park,
described the impact this project will have on the region. “The CedarView development marks a significant step forward for Cedar Park, not only as a hub for economic growth but also as a destination for retail and entertainment,” he said. “Along with the addition of our city’s first full-service hotel, CedarView will provide much-needed accommodations and amenities, enhancing our ability to attract corporate visitors, events and tourism. This project is a testament to Cedar Park’s continued evolution, bringing new opportunities for businesses, residents, and visitors alike.” see CEDARVIEW page 26
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