Small Town Liberty Hill Seeing Big Time Growth
January 26, 2021
The traditional picture of a sleepy town in Texas is shifting fast. Liberty Hill, just Northwest of Austin, is a shining example of population growth on the cusp of explosion and, to Rockspring, an opportunity to be seized.
In 2010, the city was home to just short of 1,000 people and didn’t even have its own grocery store. Now, the population is encroaching on 3,000 (percentage increases in the double digits every year since then) and is projected to grow exponentially over the next five years according to the city’s data. It could become one of the largest cities in Williamson County, according to the Williamson County Growth Summit.
Rockspring’s commercial real estate experts saw the potential of Liberty Hill early on, acquiring 16 acres of land for mixed-use, which is now is getting primed for success with multiple exit strategies, including numerous national quick service restaurant formats and a multitenant retail facility. The completion of the 183-A tollway improved Liberty Hill’s accessibility, opening up the flood gates for private use, leisure (schools, scenery and residential living) and business opportunities (medical centers, grocery stores, business parks, and more).
Just this year, numerous projects and plans have already broken ground in this submarket, including two 20,000 SF buildings, a 6,000 SF animal hospital and a 6,400 SF Austin Regional Clinic. In addition, retail development is significantly increasing, including a 10.5-acre project with eight commercial spots, and a 26,000 SF retail/warehouse building on 12.5 acres near and around SH 29. The traffic count for the location of Rockspring’s parcel exceeds 30,000 drivers per day and continues to rise, making it the ideal location for upcoming commercial businesses.
With all of this recent activity, Rockspring holds high expectations for the growing liveliness of the city. Liberty Hill, once known for its large areas of undeveloped land on the outskirts of Austin, is now open for business, with Rockspring at the helm.