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Across from the Samsung Austin Semiconductor on East Parmer Lane sits the site for EastVillage, a $1 billion, 425-acre master-planned community. The mixed-use development is still under construction, and will bring residential, retail, restaurants, entertainment and green space upon opening. At full occupancy, the development is expected to host 12,000 people a day, including residents, hotel guests and workers. A lawn with a concert pavilion will host events and bring in day travelers. Although the project will be in the heart of Austin’s northeast tech corridor, EastVillage plans to bring quality-of-life features like nature preserves and hike and bike trails for the estimated 50,000 nearby employees, according to developer Reger Holdings. GW Partners, the retail leasing agency for the community, sees the city’s growth as an opportunity for east side expansion and the development of a new cultural district. “The whole idea was to build, essentially, almost like a little city,” GW Partners President Brett Carr said. “And so we just want to have a nice mix of tenants that will support everyone.” $1B EastVillage to open near Parmer
EastVillage concept plan
Single-family residential Village green and concert pavilion
Commercial/retail
Garage Life science
Project boundary
Hotel
Multifamily residential
Mixed-use residential
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SOURCE: GW PARTNERSCOMMUNITY IMPACT
Square footage breakdown Life sciences and oce: 1.5M sq. ft.
The details
Zooming in
Carr compared the project to The Domain in Austin with its comparable size and diverse amenities. The Domain and Domain Northside have 1.3 million square feet of retail space and 2.3 million square feet of oce space. Another similar community is Mueller in Central Austin, a 700-acre multiuse development with 4 million square feet of commercial space and 5,900 homes for rent and sale. 425 total acres 2M square feet of life science, oce, retail, restaurant and entertainment 2,400 multifamily units and 466 single- family homes 1.5-acre village green and concert pavilion 150-acre nature preserve and 5+ miles of hike and bike trails Breakdown of EastVillage
BillionToOne, a molecular diagnostic company headquartered in California, will expand its opera- tions to Austin with a 220,000-square-foot medical oce in EastVillage. City ocials and executives at the company celebrated the groundbreaking of the diagnostic facility in September. John ten Bosch, BillionToOne’s senior vice president of laboratory operations, said the new location will primarily focus on prenatal precision diagnostics. The company can oer a fetal risk score for genetic disorders based on DNA in the mother’s bloodstream. The prenatal test, called Unity, launched in 2019. That year, the company went from 10 tests a day to 100, and now regularly sees 10,000 tests a day. “We laid out plans to grow our own life science industry in Austin by creating an environment and ecosystem that nurtures innovation and innovative thinkers,” Austin Mayor Kirk Watson said during the groundbreaking event. “[Billion- ToOne] is coming to Austin in part because of that ecosystem.” BillionToOne was drawn to EastVillage for
Retail and restaurant: 350K sq. ft.
Entertainment: 38K sq. ft.
Grocery store: 37K sq. ft.
Total: 1.9M sq. ft.
SOURCE: GW PARTNERS COMMUNITY IMPACT
multiple reasons, Bosch said. While Austin oers tech innovation and proximity to nearby uni- versities, the development oers quality-of-life incentives, he said. “When we talk about Austin, we could have picked lots of places, and we picked this loca- tion,” Bosch said. “That denitely played a part that there’s lots going on. I think it makes it easier to recruit.” While the company will bring over current employees, Bosch said the team also plans to hire locally. At full capacity, the facility will employ 1,000 technicians, scientists, engineers and researchers.
SOURCE: GW PARTNERS COMMUNITY IMPACT
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