Tech company Auctane becomes The Grove at Shoal Creek's first office tenant with 100,000-square-foot lease
The Grove at Shoal Creek, a new mixed-use project in development at the southeast corner of 45th Street and Bull Creek Road, announced its first tenant this week.
Auctane—a subsidiary of California-based Stamps.com and operator of e-commerce shipping software brands ShipStation, ShippingEasy, ShipEngine and ShipWorks—signed a lease for 105,385 square feet and expects to move in this May, according to a press release issued on Monday.
The company has three other central Austin office locations.
"Our business has grown quickly, and so has our team," Auctane Chief Operating Officer Bryan Jones said in the release. "We needed a centrally located space where we could bring everyone together, with easy access to retail, parking and green space."
Auctane's office will be located at 4301 Bull Creek Road in central Austin. (Justin Wallce)
The Grove sits on 76 acres and includes office space, ground-floor retail and more than 1,500 residential units across single-family homes, townhomes, condos and apartments. Its developer, ARG Bull Creek, is a joint venture between Austin-based real estate firms MileStone Community Builders and Castletop Capital.
Construction on The Grove at Shoal Creek began last year; many of the buildings have emerged over the course of the pandemic. (Justin Wallace)
The development faced opposition from a neighborhood group and underwent a lengthy and contentious zoning approval process. Construction began in 2019.
Nearly 100 residents are already living in the development, with 373 apartments on track to become available late this month. The development's office component is complete and ready for tenants to begin finishing out their interior spaces. Retail spaces are expected to open starting in the spring.
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Californian who wrote viral op-ed attacking Austin life tells Austonia he 'didn't include the positive stuff'
The California exodus has made headlines for several years now, and even more recently, with thousands of West Coasters seeking tax relief, less-expensive real estate and a simpler lifestyle in Texas' capital city.
However, a California man's scathing review of Austin, which was published in Business Insider on Wednesday, reveals that some are less than satisfied with their move.