Question · Q3 2025
Manus Ebbecke from Evercore ISI asked for an update on 1UPTOWN ATX leasing, specifically regarding the mix of spec suites versus full-floor users and the nature of tenant growth. He also sought clarity on the timeline for future development starts at Uptown, including residential or hotel projects, for 2026.
Answer
President and CEO Jerry Sweeney provided an overview of the Austin market and 1UPTOWN ATX's leasing pipeline, noting a mix of spec suite prospects (4,000-10,000 sq ft) and full-floor users (80,000-100,000 sq ft), including in-market relocations. Executive Vice President of Operations George Johnstone added details on dedicated spec suite floors. Jerry Sweeney then discussed plans for Block B, including multifamily, retail, and hospitality, targeting site plan approval by Q4 2025 and final approvals in late 2026, emphasizing Brandywine's land value as an equity contribution.