Properties
HCM owns a diverse portfolio of real estate assets including land, medical office, professional office, and mixed use properties:
Leander-Transit Village Investments
Hughes Capital Management (HCM) is currently developing an urban style mixed-use 150 acre transit oriented development at the terminus stop of the CapMetro commuter rail line in Leander, Texas.
Project Updates:
As of May 14, 2013 Hero Way (269) construction was completed. Click for more information.
HCM is developing a new urbanist-traditional single family community…
Davis Lane
HCM is developing an approximately 18,500 square foot medical office project at the intersection of Davis Lane and South Mopac Expressway. This project will provide much needed new medical office space in Southwest Austin. The project is scheduled for delivery at the end of 2013/early 2014 and will feature a masonry and glass exterior, structural steel frame construction,…
The Grove Apartments
HCM formed a partnership with principals from Roscoe Properties in 2010 in order to acquire and rehabilitate the Grove Apartments in South Austin, a 184 unit multifamily property originally built in 1974. Following a major renovation of the interior and exterior of the property, rental rates have increased from $0.79 average at purchase, to over $1.20…
Park Valley Oaks
Between 2004 and 2009, Hughes Capital Management, Inc. developed Park Valley Oaks, located at 16040 Park Valley Drive just west of Oakwood Arbors. The firm's investment in this site was a continuation of its efforts to supply new medical office space to the market area beginning in 1999. This development consists of two buildings, one 10,000 square…
Arbor Place
Working with David Weekly and Highland Homes, the firm has delivered a 119-home new community development at Arbor Place in Round Rock, Texas, the city’s only gated community. Arbor Place is located with immediate access to Toll 45 and IH 35, close to HEB and the St. David's Round Rock hospital. The property's location on Smyers…
Lake Austin Marina, Ltd.
This property is located on Lake Austin’s prestigious West Bank in the heart of Westlake Hills, approximately three miles from downtown Austin. Since acquiring the property in 2001 in a partnership with D&D Financial Group in Dallas, the firm has added 25 boat slips. The partnership has also rebuilt a dilapidated ship store with a new permanent…
Oakwood Arbors
Hughes Capital Management, Inc. began its long-term investment program in 1999 on properties adjacent to the Round Rock Medical Center with its development of the Oakwood Arbors property at 16000 Park Valley Drive. The firm additionally developed the second phase of the project at Oakwood Arbors located at 16010 Park Valley Drive. Both buildings are 15,000 square feet.…
Kingstone Beach
Hughes Capital Management, Inc. purchased the Kingstone Beach tract in 2008 as a continuation of the firm's focus on buying the highest quality real estate. Located on beautiful Port Aransas Island, the site is nestled between the stunning Gulf of Mexico beach and Newport Dunes Golf Club, named one of America’s best new courses. The property…
Capital View Center
Capitol View Center is a unique office location in southwest Austin, the city's strongest suburban submarket area. The property's location affords it some of the most stable occupancy and rental rates of anywhere in the Austin office market. HCM retains ownership of multiple condominium units within the property, including the full 3rd floor complex, which offers views of…
2801 Lemmon Avenue
Formerly known as the Key Whitman Building, Mr. Hughes acquired 2801 Lemmon Avenue in 2000. The property is an uptown landmark located at the intersection of East and West Lemmon Avenue and the Central Expressway. The property was designed by Ogilvy Architects and contains 30,000 square feet on four floors, plus 150 parking spaces. This enormous…
2900 Manor Road - TOD
2900 Manor Road is the site of the original Value Sky Park, an off-site shuttle parking facility developed in 1983 for the Mueller Airport. The site is 5.6 acres and includes 427 covered parking spaces and 159 uncovered parking spaces. The property is located in the Martin Luther King (MLK) Transit Oriented Development (TOD) district and…
6611 Sitio Del Rio
6611 Sitio Del Rio was purchased in 2009 by HCM as an investment property. Austin Orthordontics, a client of the firm, purchased the tract in 2010 and engaged HCM to develop its new practice location for the Four Points area on a fee basis.
The new home of Austin Orthodontics will be an approximate 4,000…
2109 South Congress
HCM acquired approximately 1.15 acres on South Congress Avenue in 2010 as an investment property. The property was previously site plan approved by the City of Austin for a condominium development of approximately 65 units with completed design documents by Dick Clark Architects. Steinberg Architects has subsequently site planned the property for an approximate 90 unit for-lease mulitfamily…
Wyoming Springs Medical Office
The Wyoming Springs Medical Office project is at the intersection of Wyoming Springs and Park Valley Drive in Round Rock, Texas. The property is currently in planning to include approximately 12,000 square feet of new medical office space avaiable for lease or purchase. The new building represents the fifth medical office building constructed by HCM…
Hillside Place Apartments
HCM formed a partnership with principals from Roscoe Properties in 2010 in order to acquire and rehabilitate the Hillside Place Apartment complex on Riverside Drive in Austin, Texas, an 81 unit bank-owned mulitfamily property originally built in 1973. Following a major renovation of the interior and exterior of this distressed acquistition, rental rates have increased…
INVESTMENT PORTFOLIO
The firm's investment holdings are extensive, extending to strategic land positions and income producing assets, all of which have been acquired with a focus on long-term value creation and investments opportunity for the firm and its partners.
MULTIFAMILY INVESTMENTS
HCM acquires and rehabilitates Class B and C multifamily assets in emerging urban districts. The firm focuses on well located properties near urban locations where its rehabilitation investment in properties significantly enhances value and increases long-term cash flow.
HEALTHCARE REAL ESTATE
Hughes Capital Management, Inc. owns and develops medical office and ambulatory surgery centers in Texas as investment properties and investment partnerships.
DEVELOPMENT SERVICES
Extensive market relationships ensure Hughes Capital Management, Inc.'s ability to deliver successful projects on-time and on budget for a variety of requirements and clients.
PROPERTY SERVICES
Hughes Capital Management, Inc. operates a portfolio of owned properties and a portfolio of properties it treats with personal care, in its relentless focus on value creation through effective property management and leasing strategies.
