Austin Blog

Smart Austin Realty Group is excited to share that Apple will begin the second phase of construction on their Parmer Lane campus next month. The new building, called Capstone Phase Two AC09, will feature four stories and span 203,941 square feet, with an estimated cost of $120 million. It is scheduled to be completed by the end of March 2025. Additionally, Apple has also filed plans for a five-story, 368,726-square-foot facility to be developed during the same time frame. This will cost approximately $100 million. HKS Architects have been selected to design the buildings.

When all three phases of the campus are completed, it will span three million square feet and have the capacity to house up to 15,000 employees. It will feature a variety of functions, including engineering, research and development, operations, finance, sales, and customer support.

Austin-Round Rock is home to a growing number of office buildings. Stay tuned to Smart Austin Realty Group for more updates on the office news for the area.

Tesla is making a major expansion to its Austin Gigafactory located at 1 Tesla Rd. The $717 million investment consists of four separate buildings. The largest of these is Cell 1, a 693,093-sf facility. The other buildings are a 423,032-sf Drive Unit, a 321,186-sf Cathode, and a 2,560-sf Cell Test Lab. Construction on all four buildings will begin this month.

The Fairfield Inn & Suites hotel located at 1250 N. I-35 in San Marcos has been sold. Built in 2015, the 108-unit hotel sits on 2.8 acres and features amenities such as a pool, fitness center, meeting space, and a convenience mart. The seller and buyer were both limited liability companies and Marcus & Millichap represented them. Smart Austin Realty Group is excited to see this hotel change hands and looks forward to seeing what the new owners will bring to the area.