IBM Campus In Play For Austin's Amazon Proposal

Brandywine Realty Trust
Ibm Campus

Brandywine Realty Trust's pitch to convert IBM's Broadmoor campus into Amazon's second headquarters appeared and just as quickly disappeared on Tuesday.

The proposal, "Amazon HQ2: The Brandywine Difference," pitched both Austin and Schuylkill Yards in Philadelphia as ideal sites for Amazon. Touted as a supplement to the city proposals of Philadelphia and Austin, the pitch promises "two cities, one solution."

The original IBM campus in North Austin was subdivided to create what is now The Domain. Brandywine purchased the Broadmoor campus from IBM in 2015.

The proposal, which is now locked down online, was first reported in the Austin and Philadelphia business journals. Broadmoor is described as a "66-acre campus uniquely positioned as a virtual perfect match for Amazon HQ2 — a transit-oriented, mixed-use project with an extraordinary existing amenity base of The Domain, Austin's '2nd Downtown.'"

Broadmoor is entitled to 8.2M SF of constructed space but could potentially be expanded by another 20M SF, according to the brochure quoted in the Austin Business Journal. Brandywine Realty Trust serves as master developer on the redevelopment of the Schuylkill Yards property, which broke ground Wednesday in partnership with Drexel University. The 14-acre property in West Philadelphia, next to Amtrak's 30th Street Station, would ultimately be home to about 7M SF of mixed-use development. The $3.5B project is advertised as an "innovation hub."

Pennsylvania has put up $1B in incentives to lure Amazon to Philadelphia. Philadelphia leaders are pitching three sites: Schuylkill Yards, uCity Square and the Navy Yards in South Philly.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Austin - San Antonio Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Developer Pitches Massive Hospitality, Makerspace District South Of Austin

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Towers On The Edge: How Austin Is Redefining Vertical Density At The Waterfront

Pennsylvania Reveals Draft Map Of Areas To Benefit From Opportunity Zones 2.0

Cresa Taps Nathan Knowles As Atlanta Market Leader

Developer Of $3.8B Atlanta Project Discloses $19M Accounting Error