Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
San Marcos Movie Studio Gets Final Approval
The Hill Country Group is moving forward on its plans to build a $267 million movie studio, thanks to an affirmative vote by the San Marcos City Council. The town okayed an annexation and zoning request by the group that will allow them to build what they hope to be over 800,000 square feet of studio facilities. It would include 12 sound stages, four workshops and over 200,000 square feet of office space.
The Austin Business Journal reports groundbreaking is planned for later this year.
Besides the capital investment, full-time employment is estimated to be at least 44 with an average salary of $100,000. Additionally, the studio’s proponents estimated it would average around 1,200 contract workers when projects are filmed on location, with an average salary of $80,000.
Both San Marcos and Hays County have approved incentives for the project in the form of property tax rebates.
Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.
- ◦Development
- ◦Policy/Gov't