Lucid Opens First Austin Location
The provider plans to add two more coworking spaces in the metro within a year.
Lucid Private Offices has entered Austin’s coworking market with the opening of a 22,000-square-foot location at Intercontinental Real Estate’s Stonebridge Plaza II in Austin, Texas.
The space occupies the entire ninth floor of the building, featuring 83 private offices, 12 team suites, four conference rooms and a Library Focus room.
The provider plans to expand its local portfolio with two other locations by the end of 2027. The second office, measuring 23,029 square feet, will open in April 2027 at 805 Las Cimas Parkway. The operator also has flex offices across the states of Georgia, Arizona and Tennessee. In Texas, Lucid’s portfolio encompasses 12 locations across the Metroplex and five in metro Houston.
During the third quarter of this year, the U.S. coworking sector grew by 228 locations to a total of 9,612, while total footprint climbed 1.2 percent to 168.4 million square feet, according to a recent report by CoworkingCafe. Austin recorded 122 coworking spaces at the end of the third quarter, amounting to 2.2 million square feet, in line with other Sun Belt metros, such as Tampa-St. Petersburg-Clearwater, Fla. and Orlando, Fla., Nashville, Tenn., and Charlotte, N.C.
Austin’s Stonebridge Plaza office campus
Stonebridge Plaza II is part of a two-building, LEED Gold-certified office campus at 9600 N. MoPac Expressway totaling 386,902 square feet. Completed in two phases between 1999 and 2000, Stonebridge Plaza I and II rise nine stories each and feature a shared 1663-spot parking area.
The campus has been under Intercontinental Real Estate’s ownership since 2018, when the company paid a total of $160.3 million, or $414 per square foot, to acquire it from KBS Realty Advisors, according to Yardi Matrix information.
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The two office buildings are just off the interchange between U.S. Route 183 and Texas State Route 1, which connect the area to downtown, some 9 miles south. Additionally, the campus is near The Arboretum and The Domain, two outdoor lifestyle shopping centers, and is across the road from University of Texas at Austin’s J. J. Pickle Research Campus.
