AUSTIN, Texas — Construction is underway on a new $3 billion, 66-acre master-planned community near The Domain. The project, formerly known as Broadmoor and known for decades as Austin's "IBM Campus," will now be called Uptown ATX.
According to a press release from the developer behind Uptown ATX, Brandywine Realty Trust (Brandywine), the community will "introduce nearly 7 million square feet of workspace, multi-family, retail, hospitality, and a new Capital Metro Rail Station." Construction on phase one, a $328 million mixed-use project called One Uptown, has begun.
“The transit experience – along with our master-plan’s over 11 acres of parks, and access to more than 23 miles of jogging and bike trails – make Uptown ATX one of the most unique sites in the country for community building,” Jerry Sweeney, president and CEO of Brandywine, said in the release.
PHOTOS: Uptown ATX renderings
Brandywine says One Uptown is situated on five acres and will deliver 348,000 square feet of workspace, 341 apartment residences, 15,000 square feet of street-level retail, a parking garage and a public park.
The 14-story office portion will include an 8,000-square-foot lobby featuring a café with indoor and outdoor seating. The residential portion will feature an elevated, 35,000-square-foot amenity deck that includes a resort-style pool, a 5,000-square-foot club room and a 3,100-square-foot fitness center.
One Uptown is also targeting LEED Silver certification and an Austin Energy Green Building certification, according to Brandywine.
According to the press release, "Brandywine has committed to providing 50% of any affordable units required by the City of Austin provisions as on-site units for the entire Uptown ATX development." At One Uptown, Brandywine is providing 100% of its affordable housing obligations on-site.
The office portion of One Uptown is expected to be complete by mid to late 2023 and the residential portion by early to mid-2024.
PEOPLE ARE ALSO READING: