Austin, Texas — Presidium will break ground on the next phase of The Row, a 314-acre mixed-use project in Austin. Featuring a 6,250-square-foot freestanding restaurant site and 22,000 square feet of additional retail space, this phase will be developed in partnership with PentaGrowth Capital and a subsidiary of Biolink Capital. The project team will include architect Chioco Design, landscape architect Blacksmith Collaborative and civil engineer KFM Engineering & Design, as well as LandDesign, Leap!, Bay MEP, HWA Parking and O’Brien Architects. Asterisk Design will oversee renaming and rebranding for the development, which was previously known as Velocity, and Retail Street Advisors will lead leasing at the property. Scheduled to break ground in early 2025, the new phase is expected to be completed in 12 months.
A future, third phase of the project will add 100,000 square feet of retail space, a hotel and 300 residential units. The first phase of Velocity, which includes a 207-unit multifamily community, is currently underway and scheduled for completion in February 2025.