A significant portion of Austin’s massive Robinson Ranch could become the region’s next major mixed-use development site.
Commercial real estate company JLL Capital Markets announced on December 17 that it was being used to market 193 acres of development property on State Highway 45 North and the North MoPac Expressway. This property – about two-thirds the area of the domain complex – is part of the approximately 7,000 acre Robinson Ranch, one of the largest privately owned vacant lots in central Texas. For comparison, Austin-Bergstrom International Airport covers approximately 4,200 acres.
The 193-acre site is located approximately five miles northeast of the $ 1 billion Apple campus under construction in northwest Austin and a nearby 129-acre office campus that is said to be more than 3 million square feet. Foot, mixed use project. Using these two developments as a gauge, the Robinson Ranch package should be able to hold well over 3 million square feet of mixed-use space.
In 2004 the Austin City Council identified Robinson Ranch as a site for potential development. Apple also bought 133 acres for its new campus from the Robinson family, and when Austin was considered for Amazon’s second headquarters, Robinson Ranch was touted as a possible location.
“When you’re a large company that loves being in Austin and enjoying the benefits the city has to offer its employees, it is often difficult to find land with the pre-existing zones and claims like those at Robinson Ranch. The opportunity is here, largely because the Robinsons are ready to see development that is both exciting and frightening, ”said Alderman Jimmy Flannigan, whose Northwest Austin district includes Apple’s existing and under construction Austin Chronicle in 2018.
Davis Adams, a senior executive at JLL Capital Markets who helps market the Robinson Ranch site, notes that the completion of SH 45 North in 2007 separated that portion of the Robinson family’s property from the rest of the ranch.
“Because the site is isolated from the core of family ownership and there is strong interest in the property, the Robinson family has decided to market this site for sale, joint venture, or lease,” said Adams in a press release.