FUSE to Expand Austin Coworking Footprint
FUSE Workspace will open a new flex office and coworking location in Austin, at 2105 E. Martin Luther King Jr. Blvd. The 33,000-square-foot development is currently in the early stages of finish-out construction, with opening planned for September.
DKC Construction Group serves at the general contractor for the build-out, while L.M. Holder III is designing the interior finishes together with Workplace Studio. International Bank of Commerce provided a $12 million loan to developer CB Capital for the building’s construction back in 2021, according to CommercialEdge data.
The three-story, energy-efficient Class A building will comprise 126 private offices, three private enterprise suites, six dedicated individual desks, five meeting rooms and an expansive coworking space with group and individual seating. Amenities at the MLK location will include three expansive outdoor covered patios, a kitchen, a café, private phone booths and members-only gym with showers. The property will also feature bike storage and approximately 100 parking spaces.
Expanding more in Austin
The future FUSE location is in East Austin, near Interstate 35—allowing for easy access across the Austin metropolitan area. The University of Texas, Waterloo Park and downtown Austin are within a 2-mile radius.
FUSE has expanded to six sites, evenly distributed between downtown and suburban Austin. An upcoming announcement will unveil a fifth location in North Austin. With the addition of the MLK site, the company’s total portfolio will exceed 125,000 square feet, featuring 533 private offices and 23 conference rooms.
As of February, Austin recorded 4.3 million square feet of office space underway across 30 properties, according to a recent CommercialEdge market update. The under-construction stock accounted for 3.9 percent of existing stock—above the national figure of 1.6 percent. So far this year, the metro ranks among the top-performing office markets in the U.S. based on its sales volume.
Austin’s coworking sector boasted 1.1 million square feet of shared office space in February, the same source shows. The figure amounted to 1.7 percent of the metro’s total leasable office space, on par with the national figure.
The post FUSE to Expand Austin Coworking Footprint appeared first on Commercial Property Executive.
