AUSTIN, TX—Following city council approval, Accesso plans to expand the 911,574-square-foot 7700 Parmer office campus into a mixed-use lifestyle community comprising multifamily, retail, office and hospitality properties. Situated adjacent to Apple's future $1 billion campus, which will initially house 5,000 employees, the 129-acre 7700 Parmer site is currently home to a wide range of tech companies.

As part of the development plan, Accesso will add 1,800 multifamily units, 80,000 square feet of retail, 800,000 square feet of office and a 340-room hotel to serve the thousands of tech employees residing in or relocating to Northwest Austin.

"We are grateful to the city council for recognizing the need for this development and allowing us to move forward with our vision to create a dynamic mixed-use community at 7700 Parmer," says Marc Bellet, director, asset management and national director of development for Accesso. "In recent years, Austin has become a true tech hub and continued to lead the country in population and job growth. Northwest Austin, traditionally a suburban area of the city, is now home to many of the world's biggest names in tech, which has created strong demand for the types of housing, recreation and hospitality assets that draw top talent. Between Apple's upcoming campus and the master-planned development that is expected to take shape on the 7,000-acre Robinson Ranch, we believe we are at the forefront of a transformation."