In recent months, large companies announced building their campuses in Austin and calling the city their new home. The growing city continues to attract innovative companies from different sectors. In 2020, Austin has the No. 1 job market in the US according to the Wall Street Journal and is the No. 1 Best State Capital to Live In. Here are some of the new developments in Austin that you need to know.
1. Uptown ATX
A $3 billion, 66-acre transit-oriented master-planned community is set to be built near the Domain in Austin, Texas. The project will bring over 7 million square feet of workspace, family apartments, retail, and a new Capital Metro Rail Station at the heart of the development. Uptown ATX has started the construction of One Uptown, its first phase on 5-acres. Other developments under Uptown ATX are The Chase at Uptown ATX which consists of multifamily units and Skyrise, two-high rise office buildings will over 1.3 million square feet of office space.
2. 44 East Rainey
Canada-based real estate developer Intracrop revealed its plans for its first new development in Austin, TX. The high-rise condo tower at 44 East Avenue in Rainey Street District is set to be constructed in the fall of 2022. The structure is said to have 51 stories and 545 feet tall within floor plans with 1- to 4-bedrooms.
3. 6 X Guadalupe
Announced in 2018 by developer Lincoln Property Company and Kairoi Residential, 6 X Guadalupe is planned to rise 845 feet at the streets of West Sixth and Guadalupe. The 66-story tower is said to have more than 300 luxury apartments and more than half a million square feet of office and retail space and is scheduled for completion in 2022.
4. Apple Campus
In 2019, Apple announced its expansion in Austin where it has broken ground on its new $1 billion, 3-million square-foot campus that will initially house 5,000 employees with a capacity to grow up to 15,000. Apple reported that it and its manufacturing partners have invested more than $200 million in the 244,000 square foot Mac Pro facility. The Facility is expected to be completed in 2022.
5. Tesla’s Gigafactory
Musk picked Austin for its $1 billion auto factory. Announced in July 2020, the Gigafactory has started its construction in eastern Travis County at Del Valle. It is said that is this one of the world’s largest and most advanced plants. The facility is planned to be the main factory for the Tesla Cybertrucks and the Tesla Semi. The Gigafactory has planned to hire 5,000 people to staff its new facility. In October 2021, Tesla has announced moving its headquarters from Palo Alto, California to Austin, Texas.
6. Valex Corporation
The California-based advanced components manufacturer has chosen Round Rock for an expansion that will create 75 jobs. According to the Austin Business Journal, The Round Rock City Council approved Valex Corporation for incentives that will air the company to move into a 60,000- sqft facility in the Crystal Parl development at 120 E. Old Settlers Blvd. Valex Corporation has worked with tech giants including Intel Corp and Samsung Electronics.
7. Lariat Community
A 688-acre master-planned community is underway in the fast-growing Williamson County suburb of Liberty Hill. The first phase of Lariat will feature 1,000-1,300 homes built by Ashton Woods, Perry Homes, and Tri Pointe Homes. Model homes will be completed in late 2020 while the first homes will be ready for homeowners in early 2023.
8. Emory Crossing
Scottsdale, Arizona-based homebuilder Taylor Morrison announced the development of Emory Crossing in Hutto, TX. The community will feature 1,341 single-family homes. The project is said to boose the population of Hutto by about 4,000.
9. The Travis
The Travis is an upcoming two-tower luxury multi-family development in Downtown Austin. It will be Austin’s exclusive use apartment tower that stands 50 stories tall with 400 units. Another tower will be used as a hotel and condo. The Travis is said to be completed by the late fall of 2024.
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11. Block 16
Washington, D.C.-based owner, operator, and developer of commercial properties, Carr Properties, is expanding its Texas footprints with the development of a 43-story, 738,000 sqft office tower in Austin. In partnership with Manifold Development, Carr Properties will be developing the next-generation office building in Downtown Austin called Block 16. The completion is expected in Spring 2026.
12. Four Seasons Private Residences Lake Austin
Four Seasons Hotels and Resorts announced its plans to build a 179-unit residential property located off Lake Austin in West Austin. The private residential community of 145 acres will be located on Bridge Point Parkway, west of Loop 360 and the Pennybacker Bridge. The community will feature 18 buildings and 179 resident spaces that range from 1,900 sqft condos to 7,000 sq ft four-bedroom units plus luxury amenities. It is expected to break ground in 2023 and open in 2025.
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