From a new Target in Austin to elementary school construction in Leander ISD, here are five of the most expensive projects filed with the Texas Department of Licensing and Regulation in the Austin metro this week.
Leander ISD Elementary School No. 32
The new elementary school will be 117,000 square feet. According to the district, the school is projected to open in 2028 and follow the same design used for recent elementary schools.
Location: 2845 Travisso Parkway, LeanderEstimated timeline: Feb. 1, 2027-June 30, 2028Estimated cost: $65 millionParamount Theatre Restoration
This project includes a partial renovation of the existing theater.
Location: 713 Congress Ave., AustinEstimated timeline: July 1, 2026-July 1, 2027Estimated cost: $21.7 millionTarget
The $19.3 million ground-up development will anchor The Village at Dripping Springs, a major retail center serving the growing corridor between Austin and Dripping Springs.
Location: 13786 W. Hwy. 290, Bldg. 100, Ste. 101, AustinEstimated timeline: Feb. 5, 2027-Jan. 31, 2028Estimated cost: $19.3 millionLake Travis Fire Rescue
This project involves the demolition of the existing fire station and construction of a new one.
Location: 1211 Lohmans Crossing Road, LakewayEstimated timeline: Jan. 1, 2027-July 3, 2028Estimated cost: $8 millionConner Tract Parking Addition
This project involves an overflow parking addition for Liberty Hill ISD north of the existing Liberty Hill High School campus.
Location: 16750 Hwy. 29, Liberty HillEstimated timeline: May 15-Dec. 31Estimated cost: $2 million
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