Buda’s Thriving Business Environment: Insights from the Panel Discussion

Buda’s Thriving Development: Key Insights from Industry Leaders

Panel Discussion Date: March 28, 2025
Panelists:

• Leigh Ellis, Principal, Aquila Commercial
• Mitchell Becker, Senior Vice President, Stream Realty Partners
• Tim Dowling, Broker, Beyond the Move Realty & The Roundabout in Buda
• Ryder Jeanes, Broker, CLD Realty

Moderators: Abby Mellott, Market President & Publisher, Austin Business Journal; Jennifer Storm, CEO, Buda Economic Development Corporation.

Emerging Developments in Buda

• Aquila Commercial is developing the Buda Midway, a 474,000-square-foot industrial facility targeting distribution and manufacturing, with 100% occupancy upon Phase 1 delivery in 2022.
• Stream Realty has delivered nearly a million square feet of industrial space, attracting larger companies like Siete and smaller tenants in food distribution and manufacturing.
• Tim Dowling is breaking ground on a 64,000-square-foot community retail center that focuses on local businesses and family-oriented amenities.

Key Features Driving Growth

• Community-Centered Projects: The focus on creating walkable, family-friendly destinations that connect local populations to services and amenities.
• Connectivity: Key features include trails and walkways that foster easy access to nearby residential areas.
• Sustainability and Modern Facilities: Emphasis on environmentally friendly designs and quality construction, appealing to companies seeking modern workspaces.

Financial Insights

• Average Household Income: Buda features an average household income significantly above the national average, with many residents reporting income levels well above $100,000.
• Residential Growth: The community is experiencing substantial growth, with over 15,000 homes planned in the greater Buda area and additional developments like 2,200 homes at Persimmon and 800+ homes in nearby projects.

Role of Incentives in Development

• Incentives are Crucial: Developers noted that financial incentives play a significant role in attracting businesses, helping to attract new tenants while keeping operating costs manageable.
• Competitive Packages: City incentives are vital for competing with other municipalities. Developers find flexibility and resource availability in Buda attractive.

Buda’s Unique Market Position

• Buda is recognized as “budget-friendly” compared to nearby areas, particularly due to rising costs in Austin.
• Substantial residential growth continues, presenting significant opportunities for retail and commercial project developments as the population increases.

Challenges Ahead

• Utility Management: With ongoing growth, managing water and power resources remains essential.
• Land Lock Issues: The limited available space poses challenges for future expansion; optimizing existing spaces is critical.
• Infrastructure Needs: Improving connectivity and infrastructure on the east side is important to accommodate future developments.

Positive Sentiment from Developers

• Industry leaders expressed strong confidence in Buda’s business-friendly environment, with efficient permitting processes and alignment with community goals.
• Strategic Location: Buda’s position between major highways, making it appealing for logistics and distribution companies.

Takeaways from the Panel

• Industry Growth is fueled by a local workforce and increasing household incomes.
• Long-Term Vision: Leaders emphasized the importance of collaborating with the city to create a thriving economic environment while maintaining Buda’s unique character.

Conclusion

Buda is highlighted as a community full of potential, driven by strong leadership, a commitment to developmental integrity, and a focus on meeting the needs of its growing population.