Cedar Park's long-anticipated Bell District could get major addition

A prominent New York-based multifamily developer is eyeing the site

By Justin Sayers – Senior Staff Writer, Austin Business Journal | Mar 31, 2026

More than a half-decade after plans for Bell District were first revealed, Cedar Park's future downtown-like development could soon go vertical – in a big way.

Entities tied to prominent New York-based multifamily developer GID on March 19 filed documents with the Texas Department of Licensing and Regulation indicating plans to start work in November on a major project. GID is planning a $65 million, 194-unit multifamily mixed-use project at the 54-acre Bell District along South Bell Boulevard.

The TDLR listing – which is typically considered preliminary and subject to change – notes the project at 440 S. Parkwest Drive will span 462,000 square feet. It will include a precast parking garage with 530 spaces, an outdoor pool and courtyard for residents, along with additional amenities. It's scheduled to be completed in November 2028.

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GID bills itself as a 65-year-old vertically-integrated real estate owner, operator, developer and investor with $31.5 billion in assets under management. It has corporate offices in Atlanta, Boston, Dallas, Dubai, New York and San Francisco. It claims to manage 57,000 apartment units and 28 million square feet of industrial and commercial space.

The company owns and operates more than 180 multifamily communities throughout the country. That list includes Windsor Ridge, an apartment community in North Austin.

GID representatives did not provide a comment before publication.

Representatives for Austin-based Redleaf Properties LLC, which is shepherding the Bell District project as part of a master development agreement with the city of Cedar Park, said they could not yet comment.

Should the project come to fruition, it would mark a major milestone for the long-planned project in Cedar Park. The city is about 20 miles northwest of downtown Austin with a population around 78,000.

RedLeaf, a developer known for overhauling the old Highland Mall site in Austin, initially signed its master development agreement with Cedar Park back in 2020. That was just weeks before parts of the country and economy shut down due to the coronavirus pandemic. RedLeaf has spent the last several years reworking the project and even expanding it to account for shifts in consumer behavior, supply chain constraints, work-from-home trends, an up-and-down multifamily market and much more.

A city library, park and trail system at the front of the Bell District are now open. The Texas Farmers' Market at Lakeline relocated to the site. Developers have also spent time and money on infrastructure to enable retail, restaurant, multifamily and office components to come online quickly.

Representatives for the development team said in 2024 that the Bell District is expected to cost at least $750 million at full buildout. The 54-acre project is expected to include more than 15 acres of city-owned park and trail systems dotted with century-old trees, 80,000 square feet of retail space, 170,000 square feet of office space and 1,500 multifamily units. The first phase was set to include at least two multifamily projects, with ground-floor retail, and potentially brownstone-style communities.

The Bell District was initially estimated to cost $350 million. City officials previously estimated that 87% of that cost would be paid with private dollars, while the city would pick up the other 13%. The City Council has approved $15.25 million from the city's Community Development Corp. and $1.4 million from the city's utility fund to pay for infrastructure within Bell District, including roads, pedestrian improvements, water infrastructure and parking garages.

View the article here.

Photo: The "Backyard," a public park and trail area, is expected to open at the Bell District in Cedar Park this fall alongside a city library.
RedLeaf Properties LLC