The ATX

Brackenridge Tract | 7 Towers | ? Feet | ~40-Stories | Planned

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This Travis County managed medical facility will be vacating this 14 acre medical campus after they move into the neighboring U.T. Dell Medical Center that is wrapping up Phase I construction.  The plans for this site are moving through the city's planning process even though a developer(s) has not yet been chosen.  This project will be roughly equivalent in size and scope to the combined Greenwater and Seaholm project sites.

Here are some renderings from the master plan for this project:

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This project is moving forward with 12 competing developers.  The developers include big local players as well as national and international groups.  These are the developers vying for this huge 14-acre downtown land grab:  

  • Brandywine Realty Trust, a Radnor, Pennsylvania-based company with an office in Austin. Brandywine is developing 405 Colorado, a 25-story building planned in Central Austin at the intersection of West Fourth and Colorado streets.
  • Catellus Development Corp., based in Oakland, California, with a regional office in Austin. Catellus is behind the Mueller mixed-use development in East Austin at the former site of the Robert Mueller Municipal Airport.
  • Downtown Life Center, which recently formed as a limited liability company, according to the Texas Secretary of State’s office. No additional information was immediately available.
  • Duke Realty, of Indianapolis, develops industrial and heath care-related projects nationwide and has a market presence in Dallas and Houston.
  • Endeavor Real Estate Group, of Austin. Endeavor is the developer of The Domain in Northwest Austin as well as the IBC Bank Plaza and The Bowie, both located downtown. Endeavor was also picked by Capital Metro to lead the Plaza Saltillo redevelopment project in East Austin.
  • Lincoln Property Company, of Dallas, has built residential and commercial projects throughout the country.
  • RM Realty Group, of Houston, is involved in a range of development work across the U.S.
  • Portman Holdings, based in Atlanta, the company developed the Peachtree Center Atlanta and has built other mixed-use projects in the U.S. and overseas.
  • Ryan Companies US, with headquarters in Minneapolis and an Austin office, the company operates in several development markets and has worked on local affordable housing projects, including Urban Oaks in South Austin, which is under construction at Circle S Road and William Cannon Drive.
  • The Howard Hughes Corp., of Dallas, is known for its master-planned communities. The company’s Texas properties include The Woodlands and AllenTowne, a mixed-use development north of Dallas.
  • The Opus Group, based in Australia, the company is developing the American Academy of Pediatrics National Headquarters in Itasca, Illinois, as well as the corporate headquarters of Xcel Energy in Amarillo.
  • Wexford Science + Technology, a Baltimore-based real estate company that has developed projects in partnership with universities, academic medical centers and research firms.

Community Impact

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Merck wants to create a global IT hub in Austin and is looking for space (and incentives) in or near the new UT Dell medical center.  This project would be a prime candidate since it's adjacent to the medical center.

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The City Council approved the incentives that Merck requested this evening.  Merck is going to set up shop at a temporary location to get up and running.  But I think this project is still the best bet for their eventual home. 

American-Statesman Article 

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KXAN has a story about the upcoming move out of the hospital that is the anchor of the 14 acre Brackenridge campus and into the new hospital at the adjacent U.T. Dell Medical Center.  The move begins on 05/21.  

Demo of the Brackenridge Tract to make way for the seven towers is going to be a big project.  It's possible that it could include an implosion.  The only other Downtown implosion that I recall took place around 10 years ago.  It was for a partially constructed computer chip design center being built for Intel.  That project was a casualty of the Dot Com bust, and Intel abandoned the site.  That site is now a Federal Courthouse that was completed in 2012.

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Yesterday was long scheduled to be the day of the big announcement concerning this project and the developer selection.  But it didn't happen, and I suspect they didn't want their big news buried by the weather news.  Thanks Harvey. :(

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The Austin Business Journal (paywall alert) is reporting this morning that Baltimore based Wexford Science & Technology LLC has been selected as the developer with Gensler being the campus planner.  Wexford specializes in medical research developments, and this 14+ acre project is tied into the adjacent University of Texas Dell Medical Center.  But this will be a mixed use project with up to seven towers.  There are no height limits on most of the site.  Demo is planned to start as soon as six months with construction beginning as soon as two years.   It should also be noted that this site is probably part of Austin's H2Q bid.    

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