Austin’s Northwest submarket continues to be one of the most popular areas for new development in Austin. In this article, we give the details about some of the major projects coming to Northwest Austin in 2023.
Development Pipeline
Click the submarket dropdown at the top of the chart to see data for each individual submarket.
1. Domain 9
Address: 2904 Palm Way
Type: Office
Size: 332,865 SF
Expected Delivery Date: 1Q 2023
Preleased: 100% to Amazon
Developer: Cousins Properties
Domain 9, the newest addition to the Domain, is an 18-floor, 330,000-square-foot office building. The project is expected to deliver in 1Q 2023 with Amazon taking full occupancy. The site has abundant outdoor space inside and out. Floor 10 serves as a large outdoor terrace, floor 18 has outdoor balcony access, and the building is located on the edge of the site’s waterfront park. Cousins Properties is the developer and Endeavor Real Estate Group is the leasing team.
2. 9500 Parmer
Address: 9500 W. Parmer Lane
Type: Office
Size: 79,919 SF
Expected Delivery Date: 3Q 2023
Preleased: 0%
Developer: Captex Development
9500 Parmer, a two-building project, will provide 79,919 square feet of office space to Northwest Austin’s growing tech market when finished. Building 1, a three-story, 33,669-square-foot space is under construction delivering in 3Q 2023. The project’s location has access to covered parking as well as Trailhead Park and it is in close proximity to many restaurants. Captex Development is the developer with AQUILA commercial as the leasing team.
3. One Uptown
Address: 11501 Burnet Road
Type: Mixed Use
Size: 348,000 SF office, 341 multifamily units, 15,000 SF retail
Expected Delivery Date: 3Q 2023
Preleased: 2.1%
Developer: Brandywine Realty Trust
Once delivered, One Uptown will be part of the 66-acre, master-planned community Uptown ATX. Uptown ATX will have 7 million square feet of retail, office, and residential space with a new Metrorail station and seven parks. One Uptown will deliver 348,000 square feet of office space in 3Q 2023. An additional 341 multifamily units and 15,000 square feet of retail will deliver in 2Q 2024. Brandywine Realty Trust is the developer and CBRE is the leasing company.
4. Highpoint at 2222
Address: 6801 River Place Blvd.
Type: Office
Size: 1,179,704 SF
Expected Delivery Date: 1Q 2023
Preleased: 0%
Developer: Karlin Real Estate
Highpoint at 2222, a 1.1 million-square-foot office campus previously owned by 3M, is being fully renovated by Karlin Real Estate. The firm plans to transform the 10-building campus into a top-tier workplace capable of accommodating single or multiple tenants. Currently, the property is 0% preleased. Karlin Real Estate is the developer and CBRE is the leasing team.
Conclusion
The Northwest submarket will see well over 1.8 million square feet of new office space in 2023. As major tech companies continue to settle in Northwest Austin, development in the area is only expected to escalate.
