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AUSTIN-Deep-pocket San Antonio developers are breaking into the Austin market with a 200,000-square-foot office complex in Round Rock - a La Frontera multiuse project.
Minnesota Vikings owner Red McCombs and partner Bart Koontz plan to begin construction in July on The Summit at La Frontera. The threebuilding project will be the first Austin development for KoontzMcCombs LLC, a real estate development partnership the two formed in 1997.
"We were drawn to La Frontera because of all its amenities, its proximity to Dell, and thirdly because it's a pro-growth climate there, Koontz says.
McCombs owns the Red McCombs Automotive Group and co-founded Clear Channel Communications Inc. and McCombs Energy LLC. In 1998, he purchased the Minnesota Vikings NFL franchise.
McCombs and his wife recently donated $50 million to the University of Texas business school.
Koontz is CEO of Koontz-McCombs, Koontz-McCombs Realty Services Inc. and Koontz-McCombs Construction Ltd....