Located at the northeast corner of SH 45 N and West Parmer Lane, the development is 2 miles from Apple’s $1 billion new campus. Pearson Ranch will feature 2.6 million square feet of Class A office space; 200,000 square feet of retail, restaurant and community spaces; two hotels, thousands of multifamily housing units; and 30 acres of parkland, according to a Jan. 31 release from Inspire Development.
In the release, Pearson Ranch developers said the community is designed to attract local restaurants and retailers and provide access to parks, public spaces and hike-and-bike trails. The site is also located east of Capital Metro’s Lakeline Station, which provides access to the MetroRail Red Line as well as bus service.
“This property has such an inherent natural beauty and rich heritage, yet is juxtaposed with incredible proximity to major tech employers and workers that define the future in so many ways,” Inspire Managing Principal Brett Ames said in the release. “We worked very closely with our team to create a plan that tightly knits the past, present and future into the most compelling land plan possible.”
The plan for Pearson Ranch includes a mix of public and private spaces that focus on sustainability, vitality and a community-oriented lifestyle, according to the release. Additionally, the land plan for Pearson Ranch dedicates 48 acres to a corporate campus.
“Located in the new premier hub for major technology companies, Pearson Ranch will provide needed access to office space for employers, generating new jobs and providing on-site access to retail, housing, and park space for Central Texas,” Williamson County Judge Bill Gravell said in the release.
The project, which is anticipated to take 10-15 years to fully build out, will have an estimated value upwards of $2 billion, according to the release.
The first phase of the project includes 600,000 square feet of office space, three apartment communities and some retail, spanning 41 acres.
“As a native Austinite ... I remember back when Austin didn’t have toll roads, when Anderson Mill Road didn’t go all the way through to Parmer Lane, and when [RM] 620 and [US] 183 was just a four-way stop,” District 6 Austin City Council Member Mackenzie Kelly said in the release. “Times are changing, and with that our city needs well thought-out plans for how we change and grow.”
