Concordia Relocation Update
Concordia Relocation Update
Thursday, 07 September 2006
Concordia University will not be relocating to Round Rock or Pflugerville, but is negotiating the purchase of the Austin Hill Country Reserve on RM 620. The property sits on the edge of the Texas Hill Country a few miles east of Lake Travis and includes a 250-acre nature preserve.
The school hopes to purchase about 385 acres of the 438-acre tract, including the nature preserve. The university completed a due diligence phase last month that involved evaluation of the site’s existing six buildings built by Schlumberger in 1997, working through zoning issues and initial master planning.
The school should make a down payment on the property soon. Relocation will take about two years to complete and is expected to take place Summer 2008.
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