Reimagining River Place From the cover
Highpoint 2222 • 2017: 3M sells property to World Class Capital Group • 2019: 3M vacates campus, relocates to Parmer Austin • 2021: Karlin acquires property from World Class Capital Group • 2024: 3M building renovations completed • 2026: 2222 CONA to hold another open house • TBD: Karlin to propose zoning changes, acquire tenants SOURCE: 2222 CONA/COMMUNITY IMPACT Other redevelopments shaping the River Place corridor with mixed-use spaces include River Place Corporate Park, a 48-acre property spanning seven buildings, and Preserve at 620, which features creative office and retail space for lease.
What’s happening?
W I L S O N P A R
Highpoint 2222 1 Preserve at 620 2 River Place Corporate Park 3 Former 3M campus
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ROCK HARBOUR DR.
Investment firm Karlin Real Estate is looking to transform manufacturing and tech company 3M’s former River Place Boulevard campus into a mixed- use community with multifamily, retail, offices and greenspace. 3M previously occupied the campus before the site was purchased by Karlin in 2021 and renovated in 2024. The development is now known as Highpoint 2222, and members of the 2222 Coalition of Neighborhood Associations, or 2222 CONA, say Karlin could seek more than 50 new land use types to build out the rest of the property. 2222 CONA has led the charge in working with Karlin on development plans and held an open house Sept. 16 that culminated in a project survey that garnered 528 resident responses. “The community wants certainty and the developer wants flexibility, so where do those two things meet?” 2222 CONA President Linda Bailey said.
620
BULLICK HOLLOW RD.
2222
MCNEIL DR.
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BONAVENTURE DR.
SITIO DEL RIO BLVD.
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Development specs
The features
Developers are seeking a variety of mixed-uses at Highpoint 2222, which could include:
Negotiations with Karlin regarding specific features of the development are still ongoing, which Bailey said will conclude with both parties signing a legal agreement outlining land uses. 2222 CONA could ask Karlin for other community incentives such as additional trails, parks or other benefits through the agreement, Bailey said. “We have the terms defined, but we don’t have an agreement yet,” Bailey said. “We have about half of the terms agreed on, and we still have about half to go.”
The 154-acre Highpoint 2222 property already includes the renovated campus, which features over 1 million square feet of available office space. Representatives for Karlin declined to comment as they are still in the planning process, but the development’s website states the campus has infra- structure to support tech and life science tenants. On the rest of the property, Bailey said the community has responded positively to Karlin’s plans to build retail space, and both they and Karlin are interested in having a variety of housing options.
1.1 million square feet of office and lab space, already delivered
Up to 65,000 square feet of retail possible
Up to 1,250 multifamily homes reaching 4 stories possible
Up to 9 acres of green space possible
SOURCES: 2222 CONA, HIGHPOINT 2222/COMMUNITY IMPACT
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COMMUNITYIMPACT.COM
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