realestate

Suburban estate opens up to redevelopment opportunities

Manor, a fast-growing suburb near Austin, sets sights on revitalizing its downtown area with new infrastructure.

M
anor, a rapidly growing suburb east of Austin, is poised for transformation as it seeks to redefine its downtown identity. The city has established a master plan and Tax Increment Reinvestment Zone (TIRZ) to address long-standing infrastructure challenges in the historic core. A key issue is the high number of vacant lots and poor road conditions that residents face daily.

    The master plan aims to upgrade century-old pipes, drainage systems, and streets to make them more pedestrian-friendly and increase parking options. This will create a more inviting downtown environment, paving the way for increased economic activity. The TIRZ spans nearly 928 acres and is expected to generate $40 million over 20 years, with construction potentially starting within two to four years.

    Manor's population has grown significantly, increasing by 48% between 2020 and 2023 to reach 20,200 residents. Projections suggest the number could rise to 24,500 by 2028. The city aims to encourage private development downtown, attracting multifamily, retail, and office spaces. Officials are also expanding financial incentive programs to draw businesses and retailers.

    Planned upgrades include signage highlighting the downtown area's historical significance and relocating city hall to a larger building. The city council is working to create an attractive environment for growth, with recent developments such as the sale of all 45 residences in the Village at Manor Commons showcasing the area's appeal. Other projects, including the Lagos Reserve and Newhaven community, are also underway.

Suburban estate with historic mansion, grounds, and potential redevelopment projects in progress.