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The Innovation District, a one-of-a-kind downtown Austin neighborhood, has moved from generating buzz to breaking ground. Redevelopment of Central Health’s downtown property—the former Brackenridge Campus—has begun. Block 164, the flagship building of Austin’s Innovation District,is under construction. A broad, community-wide network is shaping the Innovation District into a hub of health innovation and the epicenter of a diversified, inclusive regional economy.

Austin’s Innovation District Vision: An inclusive community where Austinites collaborate to create new models of health and economic growth for all.

The Innovation District Opportunity

In 2019, the Downtown Austin Alliance commissioned a market analysis to measure the potential economic impact of the Innovation District over the next 10 years. The goal of the study is to guide the creation of inclusive, place-based, and market-guided economic development and real estate strategies that will unlock value and opportunity for the Downtown neighborhood anchored by the University of Texas at Austin’s new Dell Medical School, Dell Seton Medical Center, and the Central Health Downtown campus.

Market Demand and Economic Impact Analysis

To measure the potential economic impact of the Innovation District’s over the next 10 years, the Downtown Austin Alliance and Capital City Innovation commissioned HR&A Advisors, Inc. and Perkins + Will to conduct a comprehensive market analysis.

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Executive Summary: Market Demand and Economic Impact

Austin’s Innovation District will be the center of a Central Texas-wide innovation network. Learn how the district leverage's our city's assets and catalyzes opportunities in our Market Demand and Economic Impact Analysis Executive Summary.

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Capital City Innovation

Capital City Innovation is the 501(c)(3) not-for-profit that is providing vision, strategic direction, advocacy, and synergy among the organizations and individuals creating, growing, and sustaining Austin's Innovation District. It was founded by Central Health, Seton Health, and The University of Texas at Austin and began operations in 2017.

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Photo Credit: Dell Medical School

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