RedLeaf and Centro Development selected to move forward with proposals for how they would transform portion of Bell Boulevard into walkable mixed use development

The City of Cedar Park has selected two developers with respected redevelopment portfolios and proven track records in mixed use development as finalists in the procurement process for a master developer of the Bell Boulevard District:  RedLeaf Properties and Centro Development.  They will submit responses to an invitation-only Request for Proposals (RFP) for a Master Developer for the Bell Boulevard District issued in September. Through this next step of the process, The City of Cedar Park anticipates making a decision of which group it would like to negotiate a development agreement with later this year and work with the selected developer to negotiate a comprehensive agreement in 2019.

Centro Development is a real estate development firm located in Austin, Texas, with a focus on mixed-use residential development and urban redevelopment.  Centro’s developments in Central Texas include the Seaholm Power Plant, Residences at the Domain/Villages at the Domain, and Post West Avenue in Austin.  RedLeaf Properties is an Austin-based real estate developer known for working in partnership with public entities to create large-scale, mixed-use projects.   RedLeaf’s developments in Central Texas include serving as master developer for the redevelopment of Highland-ACC in Austin and co-developer for La Frontera Plaza in Round Rock.  Both developers were selected from among multiple submittals to the City’s Request for Qualifications (RFQ) that was issued in May.  It stipulated that the City is seeking a qualified, visionary Master Developer to participate in the City’s efforts to develop City-owned property along US 183/Bell Boulevard between Buttercup Creek Boulevard and Park Street as a catalyst area that will spur redevelopment and high-quality development throughout the Bell Boulevard District and broader Bell corridor.