Developers break ground on 128,000-square-foot office building Aspen Lake Three in Northwest Austin

Aspen Lake Two
Patrinely Group and USAA Real Estate announced May 20 they have broken ground on the Aspen Lake Three office space development in Northwest Austin. This is the third Class A office space in the Aspen Lake development following the 2015 delivery of Aspen Lake Two, pictured here. (Courtesy Patrinely Group)

Patrinely Group and USAA Real Estate announced May 20 they have broken ground on the Aspen Lake Three office space development in Northwest Austin. This is the third Class A office space in the Aspen Lake development following the 2015 delivery of Aspen Lake Two, pictured here. (Courtesy Patrinely Group)

More than 120,000 square feet of Class A office space will soon be delivered in Northwest Austin as construction has begun at Aspen Lake Three, a new commercial office development.

Patrinely Group and USAA Real Estate announced in a May 20 news release they have broken ground on the office development, located 10355 Pecan Park Blvd., Austin.

Q2 Holdings Inc., a cloud-based digital banking solutions company headquartered in Austin, will occupy the entire Aspen Three development upon completion in April 2021.

“Breaking ground on Aspen Lake Three reinforces our long-term relationship with Q2, and we are delighted to begin development on another building that will meet the needs of the company’s long-term operations,” said Robert Fields, president and CEO of Patrinely Group, in the May 20 news release.

The Aspen Lake Three development will be a four-story Class A office building with flexible space planning and park-like landscaping spread across 128,990 square feet, according to the news release.


This is the third building in the Aspen Lake office development, according to the development partners. Patrinely Group and USAA Real Estate acquired the first Aspen Lake building in 2011 and completed development of Aspen Lake Two in 2015.

Q2 also has occupancy in both of those Aspen Lake buildings, according to the news release.
By Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the editor for the Northwest Austin edition.