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AQUILA Commercial today announced that the Highlander Hotel is being demolished, and a new office development will be built on the site.
The development, called Midtown Point, will be a four-story, 165,000-square foot office building. The project is located at 6200 Middle Fiskville, in the rapidly transforming area along Airport Boulevard, near the Highland Mall/ACC Redevelopment.
Midtown Point is adjacent to the new $122 million City of Austin Planning and Development Center that is set to deliver in 2020.
The Midtown Point site consists of 2.55 acres and is zoned CS-V-MU. The project is in the early stages of the design and permitting process, and the developers anticipate the delivery in 2021.
“There has been a flourish of new activity in the area surrounding the Highland Mall redevelopment,” says Joe Simmons, Senior Vice President with AQUILA Commercial. “Within the next three years, there will be a number of new parks, public open spaces, trails, apartment complexes, restaurants and office buildings in the neighborhood—all of which will be in immediate proximity to Midtown Point. This is a game changer for the area, and it will be an exciting opportunity for tenants looking to locate in an urban environment within central Austin.”
Midtown Point is a joint venture between the owners of the former Highlander Hotel and the family of former Mayor Roy A. Butler. AQUILA will handle the leasing and management of the building.
Founded in 2007, AQUILA Commercial is a recognized leader in Austin commercial real estate. Today AQUILA manages and leases over 23 million square feet of office, industrial and retail properties and has over 600 corporate tenant representation clients. AQUILA offers clients full-service real estate solutions, providing tenant representation, project leasing, and asset, property, and project management services for office, industrial and retail properties. For more information, visit: www.aquilacommercial.com.