Mixed-use development Verde Square to bring hotel, office space to site next to Q2 Stadium

Q2 Stadium at night
A new mixed-use development—Verde Square—is being proposed at a site adjacent to Q2 Stadium in North Austin. Austin City Council may vote Sept. 30 to approve a zoning change for the development, which would include a hotel, apartments, and retail and office space. (Iain Oldman/Community Impact Newspaper)

A new mixed-use development—Verde Square—is being proposed at a site adjacent to Q2 Stadium in North Austin. Austin City Council may vote Sept. 30 to approve a zoning change for the development, which would include a hotel, apartments, and retail and office space. (Iain Oldman/Community Impact Newspaper)

SEPT. 24 UPDATE:

According to a Sept. 23 memo distributed by Rosie Truelove, director of the city of Austin's Housing and Planning Department, Austin City Council has rescheduled its vote on Verde Square for Oct. 14. Previously, the zoning change request was scheduled to be heard Sept. 30.

SEPT. 21 ORIGINAL POST:

An upcoming development in North Austin will deliver apartments, a hotel and hundreds of thousands of square feet of mixed-use space on a site neighboring Q2 Stadium, the home of Austin FC.

Austin City Council on Sept. 30 is scheduled to vote on a zoning change request for Verde Square, a multiuse development planned off Burnet Road and located kitty-corner from The Domain. According to city documents, the zoning change will allow developers to build higher-density and taller buildings—up to 308 feet—on the site.


Verde Square is being developed through a joint venture from Austin-based firms Ironwood Real Estate and Karlin Real Estate. The mixed-use development will ultimately deliver 386,000 square feet of office space, 33,900 square feet of retail space, a 160-room hotel and 280 apartment units, according to city documents.

Scot Krieger, founding principal at Ironwood Real Estate, told Community Impact Newspaper the development will likely include four buildings. No tenants have been announced at this time, Krieger said.

Construction on Verde Square is expected to start by late 2022 with full build-out finished sometime in 2025.

The land of the development site is owned by Austin FC owner Anthony Precourt, according to city documents. However, Krieger said Precourt is not involved with the development of Verde Square.

“[Verde Square] will be energized by the adjacent Q2 Stadium,” Krieger said.

The 6-acre development site will be bisected by Bright Verde Way, the new roadway recently constructed for traffic in and out of Q2 Stadium. Zoning documents state the site is served by the Kramer Station on the MetroRail Red Line, and another upcoming Red Line station is planned approximately 1 mile north of the Verde Square development. A stop for a Capital Metro high-frequency bus route is further located in front of the property on Burnet.

Council may vote on the zoning request Sept. 30. According to Austin City Council backup documents, the zoning change is recommended by both city staff and the city of Austin Planning Commission for approval.
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.


MOST RECENT

The San Marcos Regional Animal Shelter is set to begin renovations Oct. 25. (Zara Flores/Community Impact Newspaper)
San Marcos Regional Animal Shelter to begin renovations

City Council approved $240,000 for renovations to the San Marcos Regional Animal Shelter.

Vote sign
Just over 2% of Williamson County voters cast ballots in first week of early voting

Early-voting returns show much lower participation for this year’s election compared to previous years.

Child on a computer.
Texas Education Agency accepting applications for $1,500 grants for students in special education

To be eligible for the grant, students must be enrolled in pre-K through 12th grade in a Texas public school and served by a special education program.

Fitness studio Body20 is coming soon to Bee Cave's Hill Country Galleria. (Courtesy Giant Noise Public Relations)
New fitness studio, candy pop-up shop coming to Hill Country Galleria

A new candy pop-up shop and fitness studio are coming to Bee Cave's Hill Country Galleria.

Amazon is hiring for thousands of seasonal jobs statewide across its operations department. (Courtesy Amazon)
Amazon hiring for thousands of seasonal jobs throughout Texas

It is that time of year when people look for seasonal jobs as the holidays approach. Amazon aims to meet that demand by hiring for thousands of seasonal positions throughout Texas.

Photo of Austin Community College pharmacy students preparing vaccines
Austin Public Health ramps up COVID-19 booster shot offerings, prepares for pediatric vaccines

High-risk individuals who received Pfizer are Moderna doses six months ago or more are now eligible for boosters—as are most recipients of the Johnson & Johnson vaccine.

The first-ever Williamson County Fair and Rodeo opens its gates to guests Oct. 21 with live music, carnival rides, food vendors, rodeo events and more. (Courtesy Pexels)
CI NATION ROUNDUP: Inaugural Williamson County Fair and Rodeo underway; delivery drones coming to Frisco and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 22.

Rock Rose Avenue in Domain Northside
British fragrance house Jo Malone London to open and 5 other stores coming soon to The Domain, Domain Northside

Check out these new stores, including international fashion giant Gucci, coming soon to North Austin.

The busy intersection saw 262,500 vehicles pass through it on a weekly basis prior to the pandemic. (Courtesy Austin Transportation Department)
Safety improvement project at Braker Lane and Stonelake Boulevard wraps up

The work added shared-use paths, an additional left-turn lane and more visible crosswalks.

Homeless Strategy Officer Dianna Grey briefed City Council on Austin's spending of more than $100 million in American Rescue Plan Act funding on homelessness Oct. 21. (Ben Thompson/Community Impact Newspaper)
Officials share outlook of 3-year plan to house 3,000 homeless people in Austin

Although the path to build more than 1,000 new spaces for those without shelter will take time, officials believe the goals are achievable.

Photo off APD sign
Austin police cadet academy review notes positive strides but says instructors lack buy-in to 'reimagined' concept

Reforms at the Austin Police Department academy are mixed so far, while the department and outside evaluators agree on several potential improvements going forward.