AUSTIN, TX—A mixed-use project in southeast Austin that hasalready attracted an international manufacturer and an H-E-Bgrocery store is growing in size and scope. Construction will beginearly next year on its next components.

The updates begin with the mixed-use development's name,previously called Velocity Crossing, and now simply Velocity. Thisbrand speaks to the increased degree of open space being preservedalongside the new development.

Architecture and planning firm Sasaki redesigned the land planfor the project's remaining 314 acres, growing the concept to 7million square feet, an increase of 1.5 million from its priordesign. Now, the project will feature a total of 2,683 multifamilyunits and 2.9 million square feet of office, providing theopportunity for two large corporate campuses along with traditionaloffice space.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.