St. Croix Capital Corp. plans to develop a 60-acre project with hotel, industrial, retail and office space 2 miles west of the Austin-Bergstrom International Airport.
A 120-room Residence Inn by Marriott will kick off the project, called Airport Gateway, at 7119 East Ben White Boulevard.
St. Croix Capital has owned the land since 2007. The project is expected to have about 40 acres of industrial space and 20 acres of retail space. Once completed, Airport Gateway is anticipated to have a value of about $90 million.