AUSTIN, TX—A mixed-use project in southeast Austin that has already attracted an international manufacturer and an H-E-B grocery store is growing in size and scope. Construction will begin early next year on its next components.
The updates begin with the mixed-use development's name, previously called Velocity Crossing, and now simply Velocity. This brand speaks to the increased degree of open space being preserved alongside the new development.
Architecture and planning firm Sasaki redesigned the land plan for the project's remaining 314 acres, growing the concept to 7 million square feet, an increase of 1.5 million from its prior design. Now, the project will feature a total of 2,683 multifamily units and 2.9 million square feet of office, providing the opportunity for two large corporate campuses along with traditional office space.
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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.
