TLDR
Asana Partners announced on Feb. 4, 2026 that it acquired The Arboretum, a 197,105-square-foot shopping center at 10000 Research Blvd.
The plan includes a new 14,000-square-foot retail building on the edge of the property, Community Impact reported on Oct. 27.
Construction is slated to start in spring 2027. Retailers in the new building are expected to open by fall 2028.
Also planned: outdoor dining patios, play structures, more seating, new signage and courtyard lighting.
Michael Hsu Office of Architecture is leading the design.
JETSET Pilates held its grand opening Oct. 3. Peachy, a skincare studio, is slated to open in spring 2027.
Asana Partners, the owner of The Arboretum since February, plans to add a retail building and rework the center's outdoor areas. Construction is slated to start in spring 2027, CultureMap Austin reported on Oct. 27, 2026.
Ownership
Asana Partners announced the acquisition in a Feb. 4, 2026 release. The release puts the property at 197,105 square feet in the Great Hills neighborhood, near Loop 360, U.S. 183 and MoPac. It does not give a price.
CoStar reported on Feb. 26 that the seller was a joint venture of O'Connor Capital Partners and Washington Prime Group and that the price was undisclosed. A 2024 state filing for a restaurant renovation at the center lists Washington Prime Group as the owner.
Asana Partners lists a Charlotte, N.C. address on its contact page. The Arboretum's website carries the copyright line "AP Arboretum, LP." Asana also owns commercial space at The Triangle in Central Austin, Community Impact reported in March.
Shops at The Arboretum. Photo courtesy of The Arboretum.
The plan
Community Impact reported these elements on Oct. 27, 2026:
A 14,000-square-foot retail section along the outskirts of the center
New outdoor dining patios and improved pathways between the patios and the main courtyard
New play structures for children
Expanded seating and new signage
Updated lighting in the primary courtyard
Michael Hsu Office of Architecture is leading the design. CultureMap reported that the plan preserves the property's mature trees.
Shops at The Arboretum. Photo courtesy of The Arboretum.
Timeline
Feb. 4, 2026: Asana's release said site work would begin in summer 2026, with completion slated for early 2027.
Late 2026: Events begin, with year-round programming planned for 2027, per Community Impact.
Spring 2027: Construction is slated to start, per CultureMap.
Late 2027: The new building is expected to be built out, per Community Impact.
Fall 2028: Retailers in the new building are expected to open, per Community Impact.
Tenants
JETSET Pilates opened in Suite 124. Preview classes began Sept. 11 and the grand opening was set for Oct. 3, according to the company's release.
Peachy, a New York-based skincare company, is slated to open in spring 2027 near Pottery Barn, Community Impact reported.
The Arboretum's directory listed 38 businesses on Nov. 12, 2026, including The Cheesecake Factory, Barnes & Noble, Pottery Barn, Cava, Estancia, Juliet Italian Kitchen, Five Guys and Amy's Ice Cream. Tenants for the new building have not been announced.
Why it matters for Austin
The Arboretum is a 197,105-square-foot center with 38 listed businesses in Northwest Austin. Edens announced its acquisition of the nearby Gateway Shopping Center in January 2026 and also plans upgrades, Community Impact reported.
The Arboretum is at thearboretum.com and on Facebook. Follow Asana Partners on Instagram at @asanapartners and Michael Hsu Office of Architecture at @hsuoffice.
Sources
Asana Partners release, "Asana Partners Acquires The Arboretum in Austin" (Feb. 4, 2026, archived copy)
The Arboretum directory (viewed Nov. 12, 2026)
JETSET Pilates release (Sept. 24, 2026)
Community Impact (Oct. 27, 2026)
CultureMap Austin (Oct. 27, 2026)
Community Impact (March 12, 2026)
CoStar (Feb. 26, 2026)
