AUSTIN, TX — Inspire Development has broken ground on Pearson Ranch, a $2-billion mixed-use development across 156 acres in the northwest portion of Austin.

Pearson Ranch will take shape on multiple parcels on the northeast corner of the State Highway 45 and West Parmer Lane intersection. The business park will be bordered by Ventana Oaks Luxury Apartment Homes and will be situated some two miles northwest of Apple West Parmer Lane Campus, the tech giant’s upcoming $1-billion campus encompassing 3 million square feet.

The campus will include 2.6 million square feet of Class A office space encompassing a 48-acre corporate campus, two hotels, 200,000 square feet of retail, restaurant, and recreational space, along with a 2,500-unit multifamily component and 30 acres of green space.

The project team includes Urban Design Associates, serving as land use master planner, as well as Land Strategies Inc., acting as local land planner, while BGE will serve as the project’s civil engineer.

The mixed-use development design is in the hands of Davies Collaborative, which will head the design of the multifamily component, while Powers Brown will be responsible for the office portion of Pearson Ranch.

The campus will focus on sustainability, vitality, and community lifestyle with green spaces including parks, public plazas, as well as hike-and-bike trails. The initial phase will cover 41 acres of development and feature an approximately 600,000-square-foot office component, three multifamily communities, as well as lifestyle retail space.

The timeline for the entire project to be constructed is expected to last between 10 to 15 years.