The Great Hills Market shopping center in Austin’s Arboretum area is slated to be redeveloped over time into a mixed-use project that would replace a popular arthouse theater and Manuel’s Mexican restaurant.
The project is proposed for 17.2 acres bounded by U.S. 183, Great Hills Trail and Jollyville Road, site of Great Hills Market. Manuel’s and the Regal 8 Arbor Cinema at Great Hills would be torn down to make way for the first phase of the new project, which would have nearly 400 apartments, plus retail and restaurant space.
“At this time there is not an imminent closing date for the theater or Manuel’s,” said Amanda Swor, director of entitlements and policy for the Drenner Group , the Austin-based real estate law firm that is handling a zoning request for the property owner, Dallas-based Great Hills Retail Inc.
Great Hills Retail Inc. is owned by the State of Florida’s Employee Pension Trust, Swor said.
The first phase of the project would encompass 6 acres. It would have a five-story building with 372 apartments, about 10,000 square feet of space for specialty retail and 16,000 square feet of restaurant space. The restaurant space would include a high-turnover restaurant, as well as a fast-food restaurant with a drive-through, according to city documents.