Dana Corporation, a Fortune 500, $7.2 billion global company based in Ohio, is opening its 16th global technology center in Cedar Park. Dana will begin operating in the spring of 2014, and will add more than 80 high-paying engineering and support staff jobs to the local economy. The center will help Dana fully leverage its strategic relationship with Fallbrook Technologies, which is headquartered nearby. Dana has an exclusive license from Fallbrook to engineer and produce continuously variable planetary (CVP) technology for use in light vehicle and certain off-highway transmissions. CVP technology enables designers to reduce the complexity of transmissions, while enabling the engine to operate at more efficient speeds, ultimately increasing fuel efficiency, reducing emissions, and improving overall vehicle performance. Dana plans to market the technology under the VariGlide™ brand name.
The largest Costco Wholesale facility in the Central Texas region opened in November of 2013 on the northwest corner of RM 1431 and the 183A Tollway. The 153,700 square-foot wholesale club membership retail facility is projected to generate over $130 million in annual sales, and features bakery, deli, meat, produce, bed and bath, electronics departments, as well as a gas station, optometry office, hearing aid center, pharmacy, tire center, and liquor store. Costco will be the major anchor of the Cedar Park Town Center project, which will have an additional 150,000 square of retail and restaurants including BJ’s Brewhouse and In-N-Out Burger. The total capital investment in the development when completed is estimated to be over $38 million.
Anchored by the new Costco, In-N-Out Burger plans to open in Cedar Park in early 2014. An exact grand opening date has not yet been announced. Opened in 1948 as California’s first drive-through burger stand, In-N-Out Burger is one of the most popular restaurant chains in the world. Because it draws devotees from miles around, it is largely considered to be “destination retail” by economic development experts.
Also anchored by Costco, BJ’s Brewhouse is slated to open in 2014. An exact grand opening date has not yet been announced. Also based in California, BJ’s was started in 1978 by two men with a great recipe for deep dish pizza. They eventually expanded into beer production, with on-site restaurant breweries offering fine handcrafted beers, and now have several locations across the United States. BJ’s menu still offers beer and pizza, along with sandwiches, steaks, soups, salads, burgers and other American food fare.
A new Wal-Mart Supercenter, featuring more than 150,000 square feet of retail space, is under construction at the RM 1431/Parmer intersection. Scheduled to open in spring of 2014, this retail giant will employ more than 300 people. It is being built in addition to the existing Wal-Mart Supercenter just a few miles away at RM 1431 and US 183, which plans to also remain open. Wal-Mart remains one of Cedar Park’s biggest local sales tax generators.
The City of Cedar Park announced an agreement with Fallbrook Technologies to open a Corporate Operations Center in the City in May 2011. In November of 2012, Fallbrook Technologies relocated its Corporate Headquarters as well to Cedar Park from California. Fallbrook Technologies, which already employs close to 60 workers at its existing research and development/fabrication/test and manufacturing facilities in Cedar Park, is a clean energy company that uses its propriety NuVinci® technology to improve the performance and efficiency of transmissions for the automotive, electric vehicle, bicycle and wind markets. The expansion will provide 65 additional clean tech jobs in Cedar Park, and employs 125 employees in the City of Cedar Park.
In February 25, 2010 Council authorized the City’s participation in the Texas Enterprise Zone Program. This program allows for municipalities to designate zones or projects for the State’s Enterprise program which provides tax relief for qualified applicants. ETS-Lindgren, and advanced manufacturer providing testing equipment to the wireless industry was the city’s first Enterprise Project. ETS-Lindgren has committed to over $6 million in new investment in the area, and will see its employment grow to 240 jobs. The immediate area surrounding ETS-Lindgren has recently seen the completion of the ArrowPoint Business Park, with over 50,000 SF of new office space. ArrowPoint Business Park is home to two companies the economic development department has assisted in relocating, Integrated Bank Technology and Corvalent Technologies.
Cedar Park Center
The $55 million dollar Cedar Park Center opened on September 25, 2008. To date, The Cedar Park Center has hosted more than 450 events with nearly 1,000,000 attendees in the first three years of operating. The Cedar Park Center is a multi-purpose event center on city-owned property at the corner of New Hope Drive and Toll Road 183A. The indoor event center is 181,000 square feet, with 6,800 seats, 24 luxury suites, a center hung scoreboard, conference and meeting space, and 2,500 parking spaces immediately adjacent to the building. The event center hosts 40 regular season games plus pre-season and playoff games for the Texas Stars, American Hockey League affiliate of the Dallas Stars. The Cedar Park Center is also the home of the Austin Toros, the NBA D-league team of the San Antonio Spurs, who play 24 regular season games at the Cedar Park Center. The arena also hosts numerous family events, such as concerts/live entertainment, rodeo, ice shows, basketball, graduations, trade shows and more. The Events Center is a partnership of The City of Cedar Park, Texas and Hicks Cedar Park, LLC, an affiliate of the Hicks Sports Group (HSG).
1890 Ranch is Cedar Park’s largest lifestyle center, at just over 900,000 SF. 1890 Ranch opened in May 2008, and is anchored by Super Target, Cinemark Movie Theater, Office Max, Academy Sports and Gold’s Gym. The project was developed by Endeavor Real Estate Group of Austin, developer of the Domain, and is located at the intersection of 1431 and the new north/south commuter toll road, 183A.
Corvalent Corporation relocated all of their operations from Morgan Hill, CA in 2008 to Cedar Park, Texas. Corvalent Corporation occupies a 24,000 square foot building in Arrow Point Business Park and employs 50 knowledge industry workers. Cedar Park's City Council voted unanimously on July 10, 2008 to approve an incentive package worth over $400,000 to aid in the company's relocation. Founded in 1993, the company is a designer and manufacturer of PC-based embedded boards, motherboards and systems for embedded and industrial applications. Corvalent Corporation is a member of the Intel® Communications Alliance and an ISO 9001:2000 certified company.
BMC Building Materials Expansion
The City of Cedar Park’s Economic Development Corporation (4A) assisted BMC West in 2 expansions in Cedar Park. At BMC Millworks, the City extended Arrowpoint Drive and agreed to a 5 year incentive agreement for the company’s 100,000 square foot showroom and production facility. For BMC Building Materials, the city also assisted on infrastructure and abatements over 7 years at the company’s 18 acre distribution facility which opened in spring 2008. Together the 2 facilities have over 250 employees. BMC West, which serves the homebuilding industry, is a subsidiary of BMHC, a Fortune 1000 New York Stock Exchange traded company.
Cedar Park Regional Hospital
Cedar Park Regional Medical Center, a joint venture of Community Health Systems and the Seton Family of Hospitals, opened in December 2007. The new hospital features state-of-the-art surgical suites and user-friendly patient rooms. The hospital currently employs 300 and operates 75 beds, expanding to 150 beds in the future. Cedar Park Regional Medical Center boasts advanced surgical and patient facilities, emergency facilities and physicians in over 25 specialties. Cedar Park Regional Medical Center has surpassed official expectations so far with over 800 surgeries and 10,000 emergency room patients.