Development
Development
BY BRITTANY ANDERSON
BY KATY MCAFEE
IBM signs lease at Parmer Impact Labs
County launches $23.7M diversion pilot possible state funds over three years. City Council approved Austin’s $2 million share of the program Feb. 15, the rst in a series of annual payments. Annual funds from the other entities involved were approved previously.
Looking ahead
Updated services Integral Care will o er an array services through its Psychiatric Emergency Services program and Therapeutic Diversion Program, including:
A timeline for IBM to begin operations in the space was not established by Karlin Real Estate as of press time. Future plans for the business park include attracting startup and established companies alike, said Matt Schwab, Karlin Real Estate co-founder. Other Parmer tenants include Apple, 3M, The Home Depot, Qualcomm and others.
Technology and consulting company IBM is set to join the Parmer Impact Labs tenant lineup, per a January news release from developer Karlin Real Estate. IBM’s newly leased 50,000-square-foot lab is still being built out, according to Karlin representatives. Once completed, the new technical space “will allow [IBM] to upgrade its Austin lab facilities to meet future development needs,” said Dexter Henderson, Austin senior location executive with IBM, in the release. IBM has o ce space near The Domain where its team works with hybrid cloud and AI software, infrastructure, services, design and marketing. The Parmer Austin business park spans over 2 million square feet and features a mix of laboratory and o ce space for businesses, research institutions, incubators and accelerators.
The IBM lease is the latest in a variety of technology and life science businesses pursuing the Austin area, such as Discover to Impact. The inventor, investor and entrepreneurial startup program at The University of Texas announced in September it would open a in 10,000-square- foot wet lab space within the development.
Travis County, Integral Care, Central Health and city of Austin o cials are putting their heads and budgets together to launch the $23.7 million Crisis Care Diversion program aimed at keeping people with mental illness out of jail. The why The diversion program follows a March 2023 report that revealed Travis County has a signi cant number of individuals with mental illness being arrested for nonviolent o enses and repeatedly cycling through the jail system. About 40% of all incarcerated people in Travis County Jail su er from mental illness, County o - cials said at a Jan. 23 Commissioners Court meeting. That number jumps to 70%-80% when accounting for people with substance abuse disorders. The framework Funding for the project is split among split among the city, county, Central Health, Integral Care and
Harm reduction surrounding drug use
Housing navigation
The county will connect individuals with peer support services at Via Hope and Communities for Recovery, and housing services through the Finding Home ATX initiative. Integral Care—the county’s mental health provider—will expand its Psychiatric Emergency Services program to be open 24 hours. The walk-in clinic will be available to any adult having a mental health crisis regardless of their ability to pay. The program is open to adults who need behav- ioral health services, including those who are already in the Travis County Jail system. What’s next? County o cials said they anticipate the program to launch sometime in 2024.
Nutrition counseling
Medical and psychiatric care
Funding breakdown
“The addition of IBM is proving our vision for Parmer as an innovation hub for groundbreaking research and development.” MATT SCHWAB, CO FOUNDER OF KARLIN REAL ESTATE
35
PARMER AUSTIN BUSINESS PARK
CENTER LAKE DR.
Travis County: $6M City of Austin: $6M Central Health: $5.5M State grant*: $4M Integral Care: $2.2M
IBM
PARMER RIDGE DR.
$23.7M
N
*IF AWARDED
SOURCE: TRAVIS COUNTY COMMUNITY IMPACT
HYMEADOW 12611 Hymeadow (512) 506-8401
NORTH 620 10601 N FM 620 (512) 506-8316
ARBORETUM 10515 North Mopac Expressway (512) 342-6893
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