The Velocity development near the airport got a density boost.
According to the ABJ, Plans for Velocity, formerly called Velocity Crossing, now call for 7 million square feet of apartments, offices, industrial and other commercial space on 314 acres Austin-based Marketplace Real Estate Group said in a June 15 announcement. Originally, 5.5 million square feet of development was proposed.
Included in the revised plans are 2,683 apartments; 2.9 million square feet of office space, allowing for two large corporate campuses along with traditional office space; 585,000 square feet of flex industrial and creative office; and 310,000 square feet for other commercial uses including retail, restaurants, a movie theater and three hotels. It will all surround a seven-acre central park.
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