FUSE to Expand Austin Coworking Footprint
FUSE Workspace will open 2105 E. Martin Luther King Jr. Blvd., a 33,000-square-foot flex office and coworking location in Austin. The project is currently in the early stages of finish-out construction, with opening planned for September.
Co-owners FUSE Workspace and CB Capital of Austin—the original building developer—plan to open the location this 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 construction loan for the building 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 within Austin
Located at 2105 E. Martin Luther King Jr. Blvd., the property is within 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.
The metro’s coworking sector boasted 1.1 million square feet of shared office space in February, the same source shows. The share of Austin’s coworking space as percentage of total leasable office space in the metro reached 1.7 percent, on par with the national figure.