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A delay in obtaining financing has ended up benefiting the $30 million Austin Avenue Professional Plaza project in
Georgetown, Texas, because construction costs have fallen since mid-2008, saving the developer about 10 percent.
Rendering courtesy of San Gabriel Contract Management LLC

Outpatient Projects: $30 million Texas MOB moves forward

TWO-PHASE, 160,000 S.F. DEVELOPMENT IS UNDER CONSTRUCTION IN GEORGETOWN By John Mugford A local developer has put together a group of investors, which includes 25 physicians, and started a 99,600 square foot medical office building (MOB) in Georgetown, Texas, a town of about 50,000 people. The lead developer is Randy Mongold of San Gabriel Contract […]