AUSTIN (KXAN) — A Philadelphia-based company says it has officially started construction on a 66-acre, $3 billion community just east of the Domain in north Austin.
Brandywine Realty Trust’s project, located at 11501 Burnet Road, will feature 7 million square feet of office, residential, retail and hospitality spaces. The Austin Business Journal calls it “one of the biggest redevelopment projects in Austin’s history.”
Brandywine has promised to extend the borders of Austin’s “second downtown” area, calling it Uptown ATX.
“Something that Austin can be proud of and the people in the community can be proud of,” Brandywine’s Executive Vice President and Senior Managing Director Bill Redd said in an interview with KXAN Monday night.
He said they aren’t trying to compete with the big-box stores or even luxury retail next door at the Domain but rather “compliment” it. Redd expects their retail partners to feature bars, restaurants, theatres and entertainment venues. The development will also contain more than 11 acres of park space and at least 23 miles of jogging and bike trails.
Redd laughed as he acknowledged there are a lot of “uptown” developments in other cities, but their team felt it was most appropriate and all-encompassing description for what they hope to create.
“A crossroads of technology, mass transit, uptown, upscale — an effort to create something sophisticated and elegant,” Redd said. “But accessible and available to everyone.”
Part of that accessibility relies on the construction of a new MetroRail stop on Capital Metro’s Red Line, as a part of Project Connect.
A CapMetro spokesperson said the station will have two double-length covered platforms, over a half-mile of new double track. They expect to break ground in the upcoming months.
“Once that’s the case, and you can get to Uptown ATX from anywhere, then we expect the parking needs to be much, much less overtime, and we have certainly planned it that way,” he said, although the first phase of construction will still feature a standard amount of parking: four spaces for every 1,000 square feet.
The project will be built in phases. The first three phases that are planned will be called One Uptown. The office component of One Update is slated for completion in 2023, and the residential portion will follow in 2024. Other phases, including The Chase at Uptown residential development and Skyrise, a two-tower office construction, will follow.
Redd said they plan to create a consistent look and design throughout the development, and ultimately he hopes the space will be a “legacy” project for the city.
To read more about the history of the project, check out the full story on the Austin Business Journal.