There are a large number of office developments in the works in Austin today. The sheer volume of construction can make it difficult to remember the names of every project, who the major tenants are, and when they delivered.
Because of this, we wanted to take a moment to reflect on some of the most important and exciting office projects completed in the last 12 months.
In this article, we will give you an overview of seven important office developments delivered in 2019.
1. Offices at Saltillo
Address: 901 E. Fifth St.
Size: 150,000 SF
Major Tenant: Google
Offices at Saltillo, a seven-story development on East Fifth Street, is located just one block from IH-35. The building will house the newest phase of Google’s Austin expansion.
The property features 150,000 square feet of office space with 2.9 parking spaces per 1,000 square feet, a ridesharing drop-off area, and close proximity to the Plaza Saltillo Rail Station.
Surrounding the office space, the Plaza Saltillo development boasts six contiguous blocks of retail and restaurants including Whole Foods, Target, Hopdoddy, Chipotle, and more. In addition, the development includes 800 multifamily units.
Capital Metro partnered with Endeavor Real Estate Group in order to create a transit-oriented development that surrounds the Plaza Saltillo Rail Station.
The Plaza Saltillo District is the realization of a shared vision of literally hundreds of talented and dedicated people, and reflects more than 20 years of input from surrounding neighborhoods, businesses, elected leaders and community stakeholders.”
– Linda Watson, President/CEO, Capital Metro
2. Foundry I
Address: 310 Comal St.
Size: 75,369 SF
Major Tenant: DPR Construction
Foundry I, a three-story, mixed-use development in East Austin, delivered in August 2019. The building is located on the southwest corner of Fourth Street and Comal Street, just one block from the major Plaza Saltillo development on East Fifth Street.
DPR Construction occupies 27,775 square feet of the 75,369-square-foot office building. There is also 26,994 square feet of co-working space leased by Bond Collective and 14,667 square feet of office space for architecture firm Perkins & Will. In addition to office space, the building features 17 residential units.
Construction has begun on Foundry II, a six-story building with over 160,000 square feet of office space located catty-corner from Foundy I at 1600 E. Fourth Street.
Cielo Property Group is developing Foundry and Foundry II.
3. Davenport 360
Address: 6001 Bold Ruler Way
Size: 35,551 SF
Major Tenant: Palisades
Davenport 360, a two-story, 35,551-square-foot office development, delivered in October.
The project, located along Loop 360 in Southwest Austin, is designed with efficiency in mind. It will be Austin’s first office building with dynamic glass, which reduces energy usage by up to 20% while also eliminating the need for blinds or curtains. Additionally, on-site solar panels will contribute 50% of the building’s necessary energy on average.
Financial group Palisades has leased 5,395 square feet in the building.
Michael Ayer, a longtime Austin resident, is the developer of Davenport 360.
4. Four Points Centre III
Address: 11120 Four Points Drive
Size: 170,000 SF
Major Tenants: SailPoint Technologies
Four Points Centre delivered its third building in February 2019. It is the first of two buildings in the Four Points Centre’s second phase of development. Four Points Centre IV will round out Phase II and will break ground after the first tenant is secured.
SailPoint Technologies now occupies the entire 170,000-square-foot building, a major addition to the 44,683 square feet the company has occupied in Four Points Centre Building II since 2012.
Brandywine Realty Trust is developing Four Points Centre Phase II.
Address: 2010 E. Sixth St.
Size: 115,000 SF
Major Tenants: GoDaddy.com
East6 delivered 115,000 square feet of office space to the quickly evolving East Austin submarket in September 2019.
GoDaddy.com (formerly Main Street Hub) has fully leased the building, and employees will easily enjoy the amenities of East Austin by car or on foot. The project boasts four levels of garage parking for three levels of office space.
Additionally, the property is located on East Sixth Street and surrounded by a number of popular restaurants, retail, and entertainment amenities including Counter Cafe, Cuvee Coffee, Lazarus Brewing, Whistlers, and more.
AQUILA Commercial developed the project and facilitated its sale in 3Q 2019.
6. Music Lane
Address: 1009 and 1101 S. Congress Ave.
Size: 83,875 SF of office
Major Tenant: Gensler
Music Lane is a mixed-use development comprised of two buildings, both delivered in November 2019.
The project is located along South Congress Avenue on the north edge of the popular retail and entertainment district that includes The Continental Club, Jo’s Coffee, Perla’s, and more popular spots.
Gensler, a global architecture and design firm, has leased 21,251 square feet of the 53,389 square feet available in building one. The remaining space in both buildings is already spoken for as well according to Endeavor.
The development will also house two upscale amenities within its retail spaces: Equinox Gym and members-only social club SoHo House.
Turnbridge Equities is developing the project and Endeavor is handling leasing.
7. SXSW Center
Address: 1400 Lavaca St.
Size: 143,988 SF
Major Tenants: SXSW, WeWork
SXSW Center is a 13-story tower in Austin’s Central Business District located just west of the Texas Capitol Building, which was completed in May 2019. The building offers 143,988 square feet of office space with 300 parking spots in an attached garage.
The building is named for its role as the SXSW headquarters, but coworking giant WeWork has leased almost 65,000 square feet of office space in the building, which is over 20,000 more square feet than the SXSW organization. Butler Snow leases 21,000 square feet in the building as well.
A 2,000-square-foot rooftop deck with a garden and a view of the nearby Texas Capitol is available as an event space for tenants, and the lobby features a coffee bar and cafe with indoor and outdoor workspace.
Greenbelt Commercial developed the project.
These developments mark some interesting changes in multiple Austin submarkets.
The Domain and the East Side are both attracting the attention of major international companies such as Facebook and Google, showing that the Central Business District is not the only desirable location for large office spaces in Austin.
Looking for more on the 2019 Austin Real Estate Market? Check out these articles:
- 2019 Recap: 5 Most Significant Commercial Real Estate Sales in Austin, Texas
- 2019 Recap: The 6 Largest New Office Leases Signed in Austin, Texas