Austin is growing at a record pace and the landscape is changing about as quickly as the population. In the last decade, we experienced Austin grow from an up-and-coming, wannabe tech town to a full-fledged tech hub that rivals the likes of San Jose and Los Angeles. Major tech employers have come to embrace Austin as the ideal location for headquarters and distribution centers, while many existing businesses have expanded their presence here. The results? A decade of incredible real estate growth marked by some milestone developments that turned Austin into a world-class power-player in ten years’ time. As we embark on a new decade, we’re taking a look at the exciting developments that are bringing us into a new era of growth and success.
Curbed Austin recently published its list of the 10 major Austin developments that are changing the local landscape. We’re sharing their top 10 and adding a few from around the Austin area that we’re excited about as they represent major growth to the cities surrounding Austin proper. As the saying goes: a high tide raises all ships. We’re definitely seeing the results of Austin’s rising tide as our suburbs experience their own population booms.
- Apple Campus
Apple’s highly-publicized $1 billion campus in north Austin broke ground last year and is expected to be completed in 2022. But the Apple campus isn’t the only exciting aspect of the development. The campus is surrounded by 7,000 acres of undeveloped land called Robinson Ranch. It’s not hard to guess that more development is definitely going to take place on the land. However, the landowners have been tight-lipped about upcoming plans.
- The Apple Campus will be a 133-acre facility
- It’s less than a mile from its current local campus off Parmer at Riata Vista, just south of Jollyville
- The new campus will have space for up to 15,000 workers
- It will add 5,000 jobs in the immediate future
- The Domains
That’s right, we can’t really call it “The Domain” anymore as there are several Domain buildings being built or are being planned. Each building is in different stages of development. So far, Amazon is the primary tenant in one of the buildings. Together, the buildings will several thousand square feet of office space to the area.
- Domain 9 is expected to be an 18-story office tower with 332,865 square feet of rentable space
- Domain 10is planned as a 15-story, 300,000 square-foot office building whose primary tenant is Amazon
- Domain 14 and 15 are proposed high-rises that could have hotel, office, apartment, or condo uses
- Domain Z4 is a proposed 60,000-square-foot class building
- Austin FC Stadium
A long and public battle over the construction of a new stadium for Austin’s new Major League Soccer League team finally ended and ground broke last year. The Austin FC stadium is being designed by Gensler Design and will hold 20,500 fans. There will also be space for a variety of bars, clubs, suites, and outdoor spaces. Season tickets for the stadium sold out almost immediately upon being made available. Debut is planned for the start of the MLS 2021 season.
- Grove at Shoal Creek
Nestled between Allandale and Tarrytown, the Grove at Shoal Creek development experienced its fair share of neighborhood pushback. However, the development is moving forward and even has some residents living there despite the build-out expected to take another two years. Once complete, Shoal Creek will be a 76-acre mixed-use development offering 1,500 units of residential housing as well as office and retail space.
- Moody Center
Although it’s not large, the new Moody Center is expected to make a big impact on Austin. It’s part of a slew of changes coming to the northeast part of the University of Texas campus and adjacent central-city spaces. The development is intended to replace the iconic-ish Frank Erwin Center at 17th and Red River. That structure will be demolished and replaced by new additions to the Medical Center campus.
The Moody Center will be a new, multipurpose arena that will seat 10,000 for Texas Longhorns basketball and up to 15,000 for other events. Oak View Group and the University of Texas are building the $338 million arena, which will be named for the Moody Foundation, which contributed $130 million toward its construction. It’s expected to open in 2022.
- Innovation Flagship Tower
The site of the former Brackenridge hospital campus is still undergoing its transformation. Part of that is the reopening of Waterloo Park and a planned 324,000-square-foot, a 17-story office building on a portion of the site. The area is being referred to as the “Innovation District,” thus the name of its flagship tower.
- Capitol Complex
Work continues at the capitol complex, as four new office buildings are being built north of the complex. There is also a pedestrian mall being built on Congress Avenue between 16th Street and Martin Luther King Jr. Boulevard. The 1.5 million-square-foot project is budgeted to cost $895 million and is planned to be completed in two phases. The first phase is scheduled to be complete in summer 2022 and the second phase by fall 2025.
- Waterloo Greenway
Although the Waterloo Greenway isn’t a development that will bring a new tower or building to the Austin skyline, it’s a major development that will change the landscape in downtown Austin. It is a huge endeavor to restore, recreate and connect 37 acres of city parkland that runs through the eastern side of downtown Austin. The development will span the area from East 15th Street to Lady Bird Lake. On the northern border, the greenway will include the new Moody Amphitheater. It will also embody Waterloo Park, which is an ambitious new park that has been under renovation for a while now and is scheduled to reopen in 2020. As development in the area progresses and completes, there will undoubtedly be more development to come to the area – particularly on the up-and-coming east side of downtown.
- Austin American-Statesman site
A popular site for parking during a bat-watching event, the site that currently houses the daily news offices and printing presses will soon become the site of a mixed-use development of up to 3.5 million square feet. It will include several towers, 3,700 parking spaces and a possible pedestrian bridge over Lady Bird Lake.
- Mixed-Use Development
The term “mixed-use development” has become popular in and around the Austin area and for good reason. With housing inventory at critically-low numbers and the need for office space growing at a daily rate, the mixed-use development type is a great way to make the best use of the limited space in the City and bring exciting new city centers to the suburbs.
One of the most talked-about mixed-use developments in the Austin area is the one planned for 4700 Riverside Drive. City officials approved changes to the land use codes to allow the development to move forward in October. According to the Austin American-Statesman, plans for the 987-acre development site include housing, retail, restaurants, offices, and a hotel. It’s expected to be built in phases over the next 10 to 20 years.
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