Offices planned for East Austin ReStore site

Oct 10, 2014
Austin American Statesman

Austin-based Cielo Property Group has snapped up another piece of property in its hometown

Just days after buying the Austin Music Hall, Cielo executives said they’ve acquired an industrial building at 310 Comal St. in East Austin, with plans to convert it into office space. A purchase price wasn’t disclosed

The Travis Central Appraisal District values the 1-acre property at $1.3 million

The 37,500-square-foot building is currently home to the Austin Habitat for Humanity ReStore, which sells donated building materials, using the proceeds to help provide housing for needy Central Texans

The store will remain open in its current location until early next year, when it plans to relocate to a larger site

+ Offices planned for East Austin ReStore site photo Michael Hsu Office of Architectu

A rendering shows what the building at 310 Comal St. will look like following remodeling work next year

Once vacated, work will begin to remake the building into office space. High ceilings will make it possible to create a mezzanine level, Cielo said, which would increase the available lease space by about 5,000 square feet

Cielo said a corner of the site will be set aside for food trucks, a move designed to appeal to both tenants and nearby residents

“The demand for creative office space has far outstripped supply in Austin,” Cielo founding principal Bobby Dillard said. “Many firms want to have a work environment that fosters creativity and aligns with their innovative culture, but there aren’t many options on the market right now. That’s especially true in East Austin, and we are excited for the opportunity to help change this.”

Like the Austin Music Hall site, the Comal Street property is located in a part of town undergoing rapid transformation. Those changes helped draw Cielo to the area, founding principal Rob Gandy said

Founded in 2010, Cielo’s other local holdings include the 15-story 823 Congress office tower and three historic buildings in the 300 block of Congress Avenue that are occupied by restaurants and offices, including AT&T’s planned Austin innovation center

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