{"id":1004565590,"date":"2022-02-01T05:10:53","date_gmt":"2022-02-01T13:10:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004565590"},"modified":"2022-12-09T01:59:11","modified_gmt":"2022-12-09T09:59:11","slug":"2b-mixed-use-campus-in-austin-breaks-ground","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2b-mixed-use-campus-in-austin-breaks-ground\/","title":{"rendered":"$2B Mixed-Use Campus Breaks Ground in Austin"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" 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=\"1317\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565593\" data-id=\"1004565593\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-1-overview.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-1-overview.jpg 1317w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-1-overview.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-1-overview.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-1-overview.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1317px) 100vw, 1317px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch. All images courtesy of Inspire Development<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1491\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565594\" data-id=\"1004565594\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-2-overview.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-2-overview.jpg 1491w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-2-overview.jpg?resize=300,161 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-2-overview.jpg?resize=768,412 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-2-overview.jpg?resize=1024,549 1024w\" sizes=\"(max-width: 1491px) 100vw, 1491px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch &#8211; Corporate Campus<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1317\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565595\" data-id=\"1004565595\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-3-avenue.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-3-avenue.jpg 1317w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-3-avenue.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-3-avenue.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-3-avenue.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1317px) 100vw, 1317px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1316\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565596\" data-id=\"1004565596\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-4-aerial-concert.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-4-aerial-concert.jpg 1316w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-4-aerial-concert.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-4-aerial-concert.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-4-aerial-concert.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1316px) 100vw, 1316px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1316\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565597\" data-id=\"1004565597\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-5-concert.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-5-concert.jpg 1316w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-5-concert.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-5-concert.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-5-concert.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1316px) 100vw, 1316px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1317\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565598\" data-id=\"1004565598\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-6-aerial-park.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-6-aerial-park.jpg 1317w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-6-aerial-park.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-6-aerial-park.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-6-aerial-park.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1317px) 100vw, 1317px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1421\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565599\" data-id=\"1004565599\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-7-lake.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-7-lake.jpg 1421w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-7-lake.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-7-lake.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-7-lake.jpg?resize=1024,576 1024w\" sizes=\"(max-width: 1421px) 100vw, 1421px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1317\" height=\"800\" alt=\"Pearson Ranch\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565600\" data-id=\"1004565600\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-8-aerial-east.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-8-aerial-east.jpg 1317w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-8-aerial-east.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-8-aerial-east.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-8-aerial-east.jpg?resize=1024,622 1024w\" sizes=\"(max-width: 1317px) 100vw, 1317px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" alt=\"Pearson Ranch Groundbreaking ceremony\" class=\"wp-block-jetpack-slideshow_image wp-image-1004565601\" data-id=\"1004565601\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/PearsonRanchGB-TurningDirt.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/PearsonRanchGB-TurningDirt.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/PearsonRanchGB-TurningDirt.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/PearsonRanchGB-TurningDirt.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/PearsonRanchGB-TurningDirt.jpg?resize=1024,683 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Pearson Ranch &#8211; Groundbreaking ceremony<\/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>Austin-based<strong> Inspire Development<\/strong> has broken ground on Pearson Ranch, a $2 billion mixed-use development across 156 acres in Northwest Austin, the metro\u2019s thriving tech corridor. The Williamson County campus will include 2.6 million square feet of Class A office space encompassing a 48-acre corporate campus, two hotels, 200,000 square feet of retail, restaurant and recreational space, along with a 2,500-unit multifamily component and 30 acres of green space.<\/p>\n<p>The development team includes <strong>Urban Design Associates<\/strong>, serving as land use master planner, as well as <strong>Land Strategies Inc., <\/strong>acting as local land planner, while <strong>BGE<\/strong> will serve as the project&#8217;s civil engineer. The mixed-use development design is in the hands of <strong>Davies Collaborative<\/strong>, which will head the design of the multifamily component, while <strong>Powers Brown <\/strong>will be responsible for the office portion of Pearson Ranch.<\/p>\n<p>The campus is designed \u201cwith a focus on sustainability, vitality and community lifestyle\u201d, Inspire Development noted in a press release. Green spaces will include parks, public plazas, as well as hike-and-bike trails.<\/p>\n<h2>The Austin Tech Hub<\/h2>\n<p>Pearson Ranch will take shape on multiple parcels on the NE corner of State Highway 45 and West Parmer Lane. The business park will be bordered by Ventana Oaks Luxury Apartment Homes and will be situated some 2 miles northwest of <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-austin-2-2-2\/\">Apple West Parmer Lane Campus<\/a>, the tech giant&#8217;s upcoming $1 billion campus encompassing 3 million square feet.<\/p>\n<p>The Domain, a submarket offering a live-work-play environment, will be less than 10 miles away. In December, <strong>Amazon<\/strong> signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-inks-full-building-lease-at-austin-tech-hub\/\">332,865-square-foot lease<\/a> with Cousins Properties, expanding its space within the submarket and fully occupying Domain 9, a Class A office tower, with plan to bring an additional 2,000 jobs to Austin.<\/p>\n<p>Notable tenants in the area include Hewlett-Packard, Electronic Arts, Nvidia and Activision Blizzard, which was recently acquired by Microsoft, among others.<\/p>\n<h2>The initial phase<\/h2>\n<p>The 41-acre first phase of Pearson Ranch will feature an approximately 600,000-square-foot office component, three multifamily communities as well as lifestyle retail space. While the developer is now beginning the initial phase of the mixed-use hub, construction until full build-out is expected to last between 10 to 15 years.<\/p>\n<p>For the construction of the first phase, Inspire Development secured a $14.5 million loan originated by <strong>Keystone Bank<\/strong>, Williams County records show.<\/p>\n<p>In the last two years, office development shifted to the suburbs. In 2020, 35 percent of office projects in the planning stages were in the suburbs and by the end of last year, that number increased to 48 percent.<\/p>\n<p>During 2021, developers started construction on 4.4 million square feet of office space in the Austin metro, representing the largest amount of office starts nationwide. As of December 2021, nearly 9.3 million square feet of office space was underway in Greater Austin, equating to 10.6 percent of total stock, well outpacing other leading markets such as Nashville (8 percent) and Brooklyn (5.2 percent).<\/p>","protected":false},"excerpt":{"rendered":"<p>The development will include 2.6 million square feet of office space.<\/p>\n","protected":false},"author":1763,"featured_media":1004565602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21808,21752,21742,21747],"tags":[36732],"class_list":["post-1004565590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-featured","category-mixed-use","category-latest","category-office","tag-powers-brown-architecture"],"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>$2B Mixed-Use Campus Breaks Ground in Austin - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Inspire Development&#039;s 156-acre development will include 2.6 million square feet of office space in Austin&#039;s tech corridor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/2b-mixed-use-campus-in-austin-breaks-ground\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$2B Mixed-Use Campus Breaks Ground in Austin\" \/>\n<meta property=\"og:description\" content=\"Inspire Development&#039;s 156-acre development will include 2.6 million square feet of office space in Austin&#039;s tech corridor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/2b-mixed-use-campus-in-austin-breaks-ground\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T13:10:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:59:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Pearson-Ranch-featured-e1643714789893.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2b-mixed-use-campus-in-austin-breaks-ground\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/2b-mixed-use-campus-in-austin-breaks-ground\/\",\"name\":\"$2B Mixed-Use Campus Breaks Ground in Austin - 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