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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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37-story tower planned for downtown Austin block

Austin downtown skyline.

Austin downtown skyline.

Trammell Crow Company plans to build a 37-story tower with office, restaurant and retail uses on a prime downtown Austin block owned by the University of Texas System, documents filed with the city show. …Read Entire Post

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High-rise development destined for another downtown Austin block

The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. …Read Entire Post

Plaza Saltillo won final zoning approval from city council

The deal sets a building height limit of 70 feet for the entire project, which sits on about 10 acres along Capital Metro train tracks, but Endeavor could exercise the option to build a 125-foot office building.

Ten acres around the Plaza Saltillo train stop will soon go vertical after a mixed-use project won final zoning approval Thursday. …Read Entire Post

With Goldman Sachs on board, downtown high-rise set to break ground

austin proper logo

Austin Proper is soon to break ground on former water treatment facility.

The 33-story Austin Proper Hotel & Residences is expected to break ground in the next few weeks after Goldman Sachs & Co. brought its hefty Wall Street weight to the table in support of the project on the site of the former Green Water Treatment Plant.

The Kor Group is close to moving dirt, the Austin American-Statesman reports. The merchant banking division of Goldman Sachs is now a capital partner, according to an Aug. 2 announcement. The Austin Proper Hotel & Residences are planned to rise 32 stories on the site of the former Green Water Treatment Plant. …Read Entire Post

405 Colorado! Austin's next office tower?

austin_405 ColoradoBrandywine Realty Trust has revealed the distinctive design it has chosen for an office tower it plans to build in downtown
Austin.

The building will be 25 stories tall and have about 210,000 sf of space. The design will feature glass-enclosed office levels atop 12 stories of structured parking wrapped with terra-cotta tiling.

…Read Entire Post

Jenga-style downtown Austin tower reveals cost, construction dates

HardHatIconDevelopers appear to be moving ahead with plans to build what would be Austin’s tallest building — a 58-story condo tower dubbed “The Independent,” with proposed costs and construction dates revealed in permit documents.

State and city entities have received documents from the developers — a partnership between Constructive Ventures …Read Entire Post

The Bowie to accommodate Whole Foods expansion

Austin-based Whole Foods Market Inc., has pre-leased 40,000 square feet of office space at The Bowie in downtown Austin.

The Bowie, a mixed-use development currently under construction near W. 5th St. and Bowie St. across from the company’s flagship store at 525 N. Lamar Blvd., will accommodate the organic grocer’s expansion upon …Read Entire Post

Pre-leasing activity continues to fill Colorado Tower

Colorado Tower (373,334 sf), currently being developed by Cousins Properties at 303 Colorado St. in downtown Austin, recently signed up two new tenants for a total of 98,254 square feet. Recent leasing activity brings the tower to approximately 51 percent pre-leased with roughly 180,000 square feet still available for lease.

Midland-based Parsley Energy leased 73,843 square feet and will relocate its headquarters along with about 50 employees from West Texas.

Australia-based Atlassian Software Systems Pty Ltd. leased 24,411 square …Read Entire Post

Colorado Tower reports pre-leasing activity

Colorado Tower, the 373,000-square-foot, Class A office tower under construction downtown at 303 Colorado Street, recently reported three sizeable leases totaling 79,000 square feet.

Pre-leasing activity included DuBois, Bryant & Campbell LLP (24,342 sf), Scott, Douglas & McConnico LLP (40,011 sf), and Munsch Hardt Kopf & …Read Entire Post

In Texas' capital, construction on many corners

…The combination of a diversifying business center and Austin’s renowned entertainment scene has recently drawn an influx of young and highly educated workers downtown. 

To meet their housing needs, about 500 apartments are under construction and several developers are poised to begin construction on other residential projects. But apartment buildings are not the full extent of this downtown resurgence. Several hotels are under construction, and there are plans for at least two substantial office towers and multiple mixed-use projects. 

Click to read entire article: In Texas’ capital, construction on many corners (NY Times, 8-14-12)