W2 Real Estate Partners plans 400,000 SF, $100 million campus in Round Rock, TX
Austin, TX (September 28, 2015) – W2 Real Estate Partners is set to move forward in Round Rock with a 400,000 square foot, $100 million Class A office campus called Frontera Ridge. It will be located on the last major land parcel within the 328-acre La Frontera mixed-use development, directly fronting State Highway45. The office project, which can be expanded to 800,000 square feet, if needed, is expected to receive both City of Round Rock and TCEQ site development permits within the fourth quarter of this year.
Frontera Ridge will target LEED® Silver certification and feature an upscale urban design, Class A amenities, and structure parking garage with five spaces per 1,000 square feet. Featured between the two, 200,000-square-foot curved glass buildings, is a lushly landscaped core area called the Central Green – the heartbeat of the campus. This large open outdoor area, modeled after major campuses in Silicon Valley, incorporates special event space, a food truck plaza, outdoor lounge areas, rain gardens and shaded terraces for outdoor work and entertainment. The development team designed the site plan to preserve the group of large 100-year-old oak trees, utilizing this unique area for the Oak Grove, an outdoor shaded collaboration area.
Developer W2 has partnered with the award winning and innovative teams of STG Design and TBG Partners to handle the architecture and land planning, respectively. “There’s nothing we love more, than when a client comes to us to push design boundaries,” said Jeff Ervin, associate principal with STG Design. “The reality is, there’s a proven correlation between workplace environment and workplace performance – and this site is uniquely positioned to magnify that relationship. Frontera Ridge will be iconic structures, as well as framing exterior spaces that are on a uniquely urban scale. This dynamic contrast creates a variety of indoor and outdoor spaces that allow for social, professional and productive interaction.” Brett Arabie, Partner at Cushman & Wakefield/Oxford Commercial, added, “Frontera Ridge will be ideal for the kind of company that wants their employees to feel valued, achieve maximum productivity and enjoy coming to work each day.”
“Today’s tenants are extremely sophisticated,” stated Steve Freche, executive vice president with W2 Real Estate Partners. “With our design team’s experience we have created a campus with unique, urban-like, amenities that Fortune 500 companies expect, where employees can excel and have the best quality of life. This project will appeal to large corporate tenants who want a signature facility at a great value, which will help them attract and retain the best employees.”
“As rents within the CBD and around Austin’s core have reached historical highs, tenants are continuing to expand into the northwest markets – particularly as traffic concerns continue to confront the Austin area,” Freche continued. “Frontera Ridge will fulfill the need for companies wanting premier office space near their employment base and area amenities. Being within one of only a few of central Texas’s regional lifestyle centers certainly adds to the project’s appeal and has attracted multiple corporate headquarters to the La Frontera area.”
Freche notes that the City of Round Rock has been great to work with and offers numerous key advantages for corporate relocations – two of these being lower cost and proximity to the greatest concentration of the region’s tech workers. The City of Round Rock is committed to economic growth, and offers more favorable taxes and incentive policies, as well as Williamson County’s deregulated utilities.
“Time and time again we’re told companies locate here because Round Rock offers an ideal environment for people to both work and raise a family,” said Ben White of the Round Rock Chamber of Commerce. Other large companies that have recently relocated or announced moves to Round Rock include: Houghton Mifflin Harcourt (HMH), Monolith Semi, ThermaSol and Emerson Process Management.
Frontera Ridge’s 10.3-acre site, situated at the highest point in southern Williamson County, sits on State Highway 45, equidistance from IH-35 and MoPac Expressway. More than 100,000 vehicles drive by daily, with the site’s natural elevation and five-story façade offering companies prominent visibility and panoramic views. The site is also the last highway frontage parcel within the 1-million-square-foot La Frontera mixed-use development.
The two buildings, designed with flexible 40,000-square-foot floorplates, will rise five-stories. Their 10 and 11-foot ceilings, floor-to-ceiling glass and grand lobbies featuring two-level technology vision walls add to the project’s unique and urban feel.
Locally, some of the other W2 Real Estate projects have included Emerson Process Management’s campus, Lakeline Crossing I and II, Airport Commerce Center, The Triangle and the Reserve at Bull Creek. For Frontera Ridge, W2 has tapped Harvey Clearly as its general contractor and Waeltz & Prete Inc. as the civil engineer.
Mark Greiner and Brett Arabie with Cushman & Wakefield/Oxford Commercial are actively marketing the project for lease. Additional information can be found on FronteraRidge.com
About W2 Real Estate Partners
W2 Real Estate Partners, the spun off and rebranded successor of Simmons Vedder Partners, is an experienced, highly regarded real estate firm that specializes in the acquisition and development of commercial and multifamily real estate properties. W2 has successfully developed vertical mixed-use, office, warehouse, multi-family, student housing, senior housing and land development. The company has been responsible for the development and acquisition of over 8,000,000 square feet of office, industrial and residential projects with an aggregate value of over $2 Billion; these projects span such markets as Atlanta, Austin, Denver, Ft. Lauderdale, Houston, Oklahoma City, Orlando, San Antonio, and Washington D.C. Through prudent speculation and careful research, W2 Real Estate Partners continues to pursue top locations in underserved markets for commercial and residential development with a primary focus in the Central Texas markets.