Titan Development to invest $80 million building Hutto’s largest business park
The largest business park in Hutto’s history is coming to town.
Titan Development plans to start building a 2½ million-square-foot project called Innovation Business Park within the next year. Hutto is expected to reap around $45 million in development fees and property taxes from the project over a 15-year period, officials said.
Titan Development will invest $80 million for the first phase of the project that will be around 800,000 square feet of space. The city will spend $2 million in roads and utilities for the first phase.
More than 100 people packed into Hutto City Hall on Thursday night for the city’s announcement of the business park.
Kevin Reid, the chief executive officer for Titan Development, said the company was interested in Hutto because it was close to the Interstate 35 corridor between San Antonio and Austin that is “one of the fastest-growing corridors in the United States right now.”
City Manager Odis Jones said City Council members told him when he started his job a few months ago that they wanted an industrial park for the town. Jones said he called Titan Development because he had worked with them when he was the city administrator in Obetz, Ohio, to develop $3 million worth of industrial space.
Jones said the new business park planned for Hutto is a “fantastic opportunity for the community to begin to compete in a certain business sector it has not been able to compete in right now.”
Tim Chase, president of Hutto’s Economic Development Corporation, said the city has had 110 inquiries from people looking for buildings for businesses in the past 18 months but hasn’t had any space to offer them.
The business park will be located on Innovation Boulevard in Hutto near the East Williamson County Higher Education Center. Texas State Technical College, which is at the center, will help provide training for workers at the business park, Jones said.
Chris Schneider said his family is selling 70 acres it has owned since 1920 to be used for the project.