AUSTIN (Talk1370.com) -- Developers broke ground Tuesday on a massive mixed-use development in northeast Austin.
The 425-acre EastVillage development, set on East Parmer Lane across from Samsung's corporate complex, will feature a blend of urban density, parkland, single and multi-family residential, and restaurant, retail, and entertainment venues.
Developers say the new development is in the heart of the area's Tech Ridge corridor, which also features employers such as Apple, Paypal, 3M, Home Depot, and Dell.
The project, which is expected to cost more than $1 billion, calls for more than 2,000 single and multi-family homes, three hotels, and more than a million square feet of office, retail, and restaurant space.
The project is expected to be completed in 2028.