This article includes a correction for a story published in the Dec. 13 edition of the Taylor Press.
HUTTO – On Dec. 4 and Dec. 7, respectively, the Hutto Economic Development Corp. and Hutto City Council listed items on their meeting agendas to discuss in executive session. The items referred to “legal advice regarding the Notice of Default from Titan Mega Land Investors LLC.'
Neither the city nor the EDC released the notification letter to the public.
While information about the default was requested from both the city and Titan Development, neither entity gave details of the default, citing legal restrictions.
Titan Development reached out to the Taylor Press about the letter of default, which was not a notification of Titan’s intent to default, but a notification that the EDC had not met some key deliverables which were contractually essential to the project.
“We know that Hutto is growing, all of that area is moving so quickly and we want to support them,” said Amy Calderon, Titan Development’s director of marketing and communications. “They’re having some great talks right now about how to meet the milestones.”
Titan Development purchased 188 acres adjacent to Hutto’s Megasite in May, 2022. The land was dubbed the ‘Hutto Mega TechCenter’, and the master site plan included buildings in a variety of sizes with the largest being over 1 million square feet. The TechCenter is expected to offer over 2 million-squarefeet of industrial space when complete.
The city has faced challenges associated with its speed of growth versus its ability to expand infrastructure, especially transportation projects. Mayor Mike Snyder said that exact topic was addressed at a recent Williamson County Growth Summit he attended.
“The panel suggested that local/county governments could still do more to incentivize growth,” Snyder said. “I could really go for a break for enough time to get the infrastructure caught up.”
While information about the default is still embargoed due to ongoing legal discussions, Joe Iannacone, an Austin-based partner at Titan Development, took time to answer a few questions from the Taylor Press.
Press: What does this default notice mean to the Titan Development project?
Iannacone: Titan, The city of Hutto, and the Hutto EDC have engaged in productive discussions. We are optimistic that a mutually agreeable path can be established for the Hutto EDC to provide the agreedupon deliverables to Titan and resolve their default.
Press: Titan recently bought land in Leander for development. There was some speculation that the company had decided on Leander instead of Hutto.
Iannacone: Leander is an expansion of Titan’s industrial program in Williamson County, no change and still very excited about our industrial parks in Hutto.
Press: What does this mean for the other Titanowned property in Hutto?
Iannacone: Titan will continue our industrial development strategy and work closely with local officials for the betterment of the community. Our Innovation Business Park is in the second phase and continues to be a success in bringing quality jobs to the city of Hutto.
Land is cleared at waiting for construction at the Hutto Megasite location on US 79. Courtesy photo
