Austin: $1B Parmer’s 192,000-SF mixed-use Crows with Karlin

AUSTIN – Karlin Real Estate will break ground this week on Parmer, a $1 billion master-planned project in North Austin. Karlin purchased the 300-acre site located between Parmer Ln. and Howard Ln. east of I-35 in fall 2012.

The first element under construction is Parmer 3.2, a 192,000-sf Class A office building near McCallen Pass on the west side of the development.

Delivery is expected second quarter 2015. High tech firms are particularly interested, given the proximity of other high profile companies such as Dell Inc., Apple Inc., Samsung Corp. and Oracle Corp.

With Parmer 3.2 underway, plans are already underway to break ground this fall on a second 192,000-sf office building adjacent to the current construction site.

Karlin has partnered with Trammell Crow Co. in the creation of Parmer. Though the full build-out is years into the future, Parmer will include millions of sf of office space, multifamily development and retail and hospitality projects.