{"id":1004560629,"date":"2021-12-14T04:32:43","date_gmt":"2021-12-14T12:32:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004560629"},"modified":"2022-12-08T17:37:35","modified_gmt":"2022-12-09T01:37:35","slug":"3b-mixed-use-project-breaks-ground-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/3b-mixed-use-project-breaks-ground-in-austin\/","title":{"rendered":"$3B Mixed-Use Project Breaks Ground in Austin"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-autoplay=\"true\" data-delay=\"3\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"601\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560648\" data-id=\"1004560648\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A.jpg?resize=768,513 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1010\" height=\"601\" alt=\"OneUptown Block A\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560643\" data-id=\"1004560643\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-aerial-view.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-aerial-view.jpg 1010w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-aerial-view.jpg?resize=300,179 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-aerial-view.jpg?resize=768,457 768w\" sizes=\"(max-width: 1010px) 100vw, 1010px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"900\" alt=\"OneUptown Block A\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560644\" data-id=\"1004560644\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-.jpg?resize=300,300 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-.jpg?resize=768,768 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"608\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560645\" data-id=\"1004560645\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage-1.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage-1.jpg 1080w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage-1.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage-1.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage-1.jpg?resize=1024,576 1024w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"608\" alt=\"OneUptown Block A\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560646\" data-id=\"1004560646\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage.jpg 1080w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Burnet-Road-Frontage.jpg?resize=1024,576 1024w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"604\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560647\" data-id=\"1004560647\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Office-Lobby.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Office-Lobby.jpg 930w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Office-Lobby.jpg?resize=300,195 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/OneUptown-Block-A-Office-Lobby.jpg?resize=768,499 768w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">OneUptown Block A Office Lobby. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1550\" height=\"607\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560649\" data-id=\"1004560649\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg 1550w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg?resize=300,117 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg?resize=768,301 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg?resize=1024,401 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Uptown-ATX.jpg?resize=1536,602 1536w\" sizes=\"(max-width: 1550px) 100vw, 1550px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Uptown ATX. Image courtesy of Brandywine Realty Trust<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Joint venture partners Brandywine Realty Trust and Canyon Partners Real Estate have broken ground on the first phase of a $3 billion, 66-acre master-planned neighborhood in Austin.<\/p>\n<p>Formerly the site of IBM\u2019s Broadmoor campus and now rebranded as Uptown ATX, the project is planned to ultimately encompass nearly 7 million square feet of office, multifamily, retail and hospitality uses, as well as a new Capital Metro Rail Station.<\/p>\n<p>In a prepared statement, Brandywine President &amp; CEO Jerry Sweeney said \u201cthe ultimate vision for Uptown ATX\u201d includes \u201cestablishing this area as Austin\u2019s second downtown.\u201d (Uptown ATX is just off Highway 1, a\/k\/a the MoPac Expressway, about 10 miles north of Austin\u2019s downtown).<\/p>\n<p>The development reportedly is <a href=\"https:\/\/www.commercialsearch.com\/news\/how-tods-are-bringing-people-back-to-public-transit\/\">the largest transit-oriented<\/a> master-planned community in Austin.<\/p>\n<p>Its first phase, now underway, is One Uptown, a $328 million, 5-acre mixed-use project comprising 348,000 square feet of Class A office space, 341 apartment residences, 15,000 square feet of street-level retail, a six-story parking garage and a public park.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/austin-market-update-transaction-activity-exceeds-2019-levels\/\">Austin Market Update: Office Sales Top 2019<\/a><\/p>\n<hr \/>\n<p>The 14-story office portion, designed by Page Architects, features 13-foot floor-to-ceiling windows, 44,000-square-foot floorplates and an 8,000-square-foot lobby with a caf\u00e9 offering indoor and outdoor seating.<\/p>\n<p>Designed by GFF Architects, the multifamily portion includes floor-to-ceiling windows, private balconies, custom lighting and high-end finishes. An elevated 35,000-square-foot amenity deck includes a resort-style pool, 5,000-square-foot club room, and a 3,100-square-foot fitness center open to both residents and office workers.<\/p>\n<p>One Uptown is targeting LEED Silver certification and an Austin Energy Green Building certification.<\/p>\n<p>The project\u2019s office component is targeted to deliver in the third quarter of 2023 and the multifamily portion is scheduled for completion in the second quarter of 2024.<\/p>\n<h2>A good future<\/h2>\n<p>Phase one of the master plan consists of three primary projects, a Brandywine spokesperson told <em>Commercial Property Executive<\/em>: One Uptown, which is on Block A; The Chase at Uptown ATX, on Block F, a multifamily project slated to begin construction in early 2022; and One and Two Skyrise (Block L), a pair of 25- and 19-story office towers, which are expected to receive site plan approvals in early 2022.<\/p>\n<p>Start dates for further phases are tentative and pending market conditions.<\/p>\n<p>Economic indicators suggest that metro Austin is currently in a recovery stage. But the city is well situated to move into expansion, driven by population and employment growth, especially in well-paying tech jobs, according to a third-quarter report from Newmark. \u00a0<\/p>\n<p>Looking beyond the COVID-19 pandemic, the report sees longer-term resilience in the office sector, which is expected to outperform the nation as a whole.<\/p>","protected":false},"excerpt":{"rendered":"<p>Brandywine Realty\u2019s development will be the city\u2019s largest transit-oriented master-planned community.<\/p>\n","protected":false},"author":882,"featured_media":1004560641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21808,21752,21793,21742,21747],"tags":[34672,36998,34124,38557,50999],"class_list":["post-1004560629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-featured","category-mixed-use","category-multimedia","category-latest","category-office","tag-brandywine-realty-trust","tag-canyon-partners-real-estate-llc","tag-gff-architects","tag-jerry-sweeney","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$3B Mixed-Use Project Breaks Ground in Austin - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Brandywine Realty\u2019s development will be the city\u2019s largest transit-oriented master-planned community. 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