commercial office space

For the first time in a very long time, a developer has announced plans to construct a new 27-story downtown condo and office tower.

The developer is proposing to build a tower of up to 350 feet on the vacant lot between Whole Foods and Austin City Lofts.

The announcement is a clear sign that the downtown market is stabilizing and expected to improve dramatically over the next few years.

Less than a year ago, the Austin Museum of Art announced a new project which would combine an 40,000 square foot museum facility with an adjacent 425,000 feet of commercial office space in a new 465,000 square foot project on the AMOA-owned site adjacent to Republic Square Park in the center of downtown Austin.

With the large number of downtown building projects under construction, planned, or pending, there are not too many open lots awaiting development.

Now, an important new site is about to hit the market just a block from the prime 6th & Congress intersection.

The Texas General Land Office is selling it’s now-vacant prototypical 50s building, formerly the Texas Comptrollers office, to raise money for the State’s Permanent School Fund.

With the large number of downtown building projects under construction, planned, or pending, there are not too many open lots awaiting development.

Now, an important new site is about to hit the market just a block from the prime 6th & Congress intersection.

The Texas General Land Office is selling it’s now-vacant prototypical 50s building, formerly the Texas Comptrollers office, to raise money for the State’s Permanent School Fund.

As we have reported, the Austin Museum of Art this week announced a new project which would combine an 40,000 square foot museum facility with an adjacent 425,000 feet of commercial office space in a new 465,000 square foot project on the AMOA-owned site