More growth in Georgetown, Texas: Bourn Partners invests in our city

ar120397185543774.jpgGeorgetown, Texas is growing!

I just read an article that adds more fuel to the fire for Georgetown’s explosive population growth over the next few years. According to city planners, the population of Georgetown, Texas in November of 2007 was 46,812, and by 2015 is projected to exceed 83,000!

Bourn Partners (no relation to Jason Bourne) has purchased 185 acres in the southernmost part of Georgetown, Texas with the intent on developing it for multifamily housing, assisted living facilities, medical office, and other retail. This area is already a hotbed for recent retail, medical and educational developments. In recent years, we’ve seen the opening of the Round Rock Premium Outlets, Scott and White Hospital, Seton Medical Center and the Round Rock Higher Education Center. In the near future, this area will also be home to the Texas A&M University medical school! Hmmm, educators, medical practitioners and retail managers…they all sound like great clients to me!

Here’s the full article below:

GEORGETOWN, Texas, Feb. 22 /PRNewswire/ — Bourn Partners, a real estate development firm headquartered in Tucson, Ariz, with regional offices in Austin, today announced the acquisition of 185 acres in Georgetown on Westinghouse Road. The property is slated for a multi-use development that could include multi-family housing, assisted living facilities, medical office and research space, a corporate campus, and retail components, among others.
“This area, bordered by IH-35, Westinghouse Boulevard, FM 1460 and University Boulevard, is fast becoming the hub of Williamson County for medical, educational and retail needs,” Joe Simmons, Principal, Bourn Partners, said. “Our site is literally a stones’ throw from the Round Rock Premium Outlets, Teravista’s master planned residential development and Scott & White Hospital. We are delighted to play a part in creating this dynamic project for future growth in the region.”
The site has approximately 2,600 feet of frontage on the south side of Westinghouse Road. Developers site Texas Department of Transportation plans to widen the road by early 2009 as a further impetus for growth in the area.
Bourn Partners has begun the master site planning process for this site. Announcements on future development are forthcoming.
Joe Simmons will market the Westinghouse development for Bourn. He can be reached at (512) 328-8818.
About Bourn Partners
The Bourn Partners team is comprised of more than 80 employees with a market presence in Arizona, California, Colorado, Texas and Nebraska. In 2006, the company had in excess of $450 million in gross development transactions. In addition to development activities, Bourn Partners actively manages and leases more than 2.4 million square feet of commercial product. With more than $1 billion in projects at various stages of development, Bourn Partners is a premier real estate developer throughout the Southwest. Bourn Partners’ Austin office was opened in 2004 to expand development opportunities and investment and brokerage efforts in Texas. For more information, please visit

Georgetown, Texas Real Estate Blog

Georgetown, Texas is the place to retire!

Check out this article below:

Guidebook names Georgetown top retirement spot
10:10 AM CDT on Monday, October 15, 2007

By BOB MOOS / The Dallas Morning News

North Texans in search of the best place in America to retire don’t need to fly off to picturesque Cape Cod, sun-drenched Arizona or resort-rich Colorado. They have only to drive a few hours south on Interstate 35 to Georgetown. The Central Texas town has just earned top billing in the latest edition of Retirement Places Rated, one of the oldest and most popular guidebooks for footloose boomers and seniors looking to relocate upon retirement. “Though Georgetown may not be the first place to come to mind for most people, its strong economy and affordable housing gave it an edge over the 199 other communities we researched,” said author David Savageau.

A half-million Americans move to other states each year to retire, while another half-million resettle within their states. Retirement experts expect those numbers to double as boomers claim Social Security and seek out their own Golden Ponds.
Mr. Savageau, who has published seven editions of his guidebook in 25 years, used seven criteria to determine the best retirement spots this time around: climate, economy, community services, ambience, living costs, housing and personal safety. “Georgetown offers the best of two worlds,” he said. “It’s a small community on the edge of the Austin metropolitan area. Retirees want both the neighborliness of a small town and the cultural, entertainment and health-care amenities of a big city.”

None of this comes as news to Geoff Lawrence and his wife, Denise. The boomer couple moved from College Station to Georgetown’s biggest active-adult community, Sun City Texas, three years ago after he retired from the military. “The town’s small enough to get tee times easily, and it’s close enough to Austin to get to UT football games without much trouble,” he said. Mr. Lawrence said he also enjoys living in a college town – Georgetown is home to Southwestern University, a private liberal-arts institution. The Lawrences could well mount their own marketing campaign for their community. Not only have they moved to Georgetown, but so have his parents (from Santa Fe, N.M.), her parents (from Alabama) and, most recently, her sister and brother-in-law (from Waco). They all live within about 3 miles of each other in Sun City. “We all have different interests and lead separate lives, but our back yard has seen quite a few family get-togethers,” Mr. Lawrence said.

Retirement Places Rated has sold a half-million copies over the years, and a favorable score has sometimes bolstered a town’s fortunes. Murray, Ky., reversed a population loss with its No. 1 ranking in one edition, Mr. Savageau said. The president of Georgetown’s Chamber of Commerce, Mel Pendland, said retirees have played a significant role in his community’s growth in recent years. The town’s population has jumped 64 percent to 46,479 since 2000.

Sun City Texas, the active-adult community Del Webb began developing in the 1990s, now contains 5,500 homes and 9,000 residents, mostly 55 and older. Plans call for 2,500 more homes, Mr. Pendland said. “The first retirees to arrive in Georgetown came from other parts of Texas,” he said. “The next group moved from the Upper Midwest. Now they’re from Arizona, Florida and California.”

Central Texas’ lower housing prices have attracted them, Mr. Pendland said. Retirement Places Rated found that the median price for a three-bedroom, two-bath home was $199,210, compared with $339,600 in Sarasota, Fla., and $556,800 in Scottsdale, Ariz. “People are taking the equity they’ve built up in their old homes and paying out of pocket for something here,” he said. “Suddenly, retirement becomes much more affordable for them.” Mr. Pendland said some longtime Georgetown residents’ initial fears that the senior influx would overburden the town have proved false. “These are highly educated, accomplished people who want to stay engaged. Many are our most active volunteers,” he said. Through the Partners in Education program in the Georgetown schools, older residents have served as mentors for schoolchildren.
“Seniors are valued here,” he said.

Read more about Texas Retirement Communities:

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