flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

First look: Austin to get first high-rise since 2003

First look: Austin to get first high-rise since 2003

Developer Cousins Properties broke ground on the 29-story Colorado Tower in downtown Austin, Texas, the city's first high-rise building since Cousins' completed the Frost Bank Tower a decade ago.


By BD+C Staff | June 17, 2013
Cousins Properties Inc. has commenced construction on Colorado Tower, a 371,000-sf Class A office development in Downtown Austin, Texas.
 
The 29-story building, designed by Duda/Paine Architects, will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. The formal ground breaking ceremony is scheduled for June 4th.     
 
“We have a long, successful history in Austin and are very excited about the prospects for Colorado Tower,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “This building – with its great location and best-in-class amenity package – is particularly well positioned to capitalize on the vibrant market in Austin’s central business district.”
 
Located in the heart of Downtown Austin’s Warehouse District, Colorado Tower will offer a variety of amenities, including a top quality fitness facility and state-of-the-art conference center.  The building is being developed under the Austin Energy Green Building 2 star program and will be substantially complete by December 2014. 
 
Pre-leasing activity has been strong, with two high-profile companies – DuBois, Bryant & Campbell LLP and Scott, Douglass & McConnico LLP – officially committed to the building and several other prospective tenants in active discussions.   
      
Cousins has played a prominent role in the Austin real estate market for more than 20 years, with a list of notable projects including Frost Bank Tower, Palisades West, and the recent acquisition of 816 Congress. 
 
 
 
 
 
 
 

Related Stories

| Nov 24, 2014

Midsize construction firms see a brighter business horizon

Uncertainty about government spending clouds an otherwise positive economic outlook among 59 middle market construction firms polled recently by GE Capital.

| Nov 24, 2014

Adrian Smith + Gordon Gill-designed crystalline tower breaks ground in southwestern China

Fitted with an LED façade, the 468-meter Greenland Tower Chengdu will act as a light sculpture for the city of Chengdu.

| Nov 21, 2014

Rental apartment construction soars to 27-year high: WSJ report

The multifamily sector is now outpacing the peak construction rate in the previous housing cycle, in 2006, according to the WSJ. 

| Nov 21, 2014

Nelson adds to its stable with EHS Design acquisition

This represents Nelson’s fifth merger or acquisition in 2014, during which the firm’s net fee revenue has increased by 60% to $65 million. 

| Nov 21, 2014

Nonresidential Construction Index rises in fourth quarter

There are a number of reasons for optimism among respondents of FMI's quarterly Nonresidential Construction Index survey, including healthier backlogs and low inflation.

| Nov 21, 2014

NCARB: Number of architects in U.S. grows 1.6% in 2014, surpasses 107,500

The architecture profession continues to grow along with a gradually recovering economy, based on the results of the 2014 Survey of Architectural Registration Boards, conducted by the National Council of Architectural Registration Boards.

| Nov 20, 2014

Lean Led Design: How Building Teams can cut costs, reduce waste in healthcare construction projects

Healthcare organizations are under extreme pressure to reduce costs, writes CBRE Healthcare's Lora Schwartz. Tools like Lean Led Design are helping them cope.

| Nov 19, 2014

The evolution of airport design and construction [infographic]

Safety, consumer demand, and the new economics of flight are three of the major factors shaping how airlines and airport officials are approaching the need for upgrades and renovations, writes Skanska USA's MacAdam Glinn.

| Nov 19, 2014

Construction unemployment hits eight-year low, some states struggle to find qualified labor

The construction industry, whose workforce was decimated during the last recession, is slowly getting back on its feet. However, in certain markets—especially those where oil drilling and production have been prospering—construction workers can still be scarce.

Sponsored | | Nov 19, 2014

3 technology trends on the horizon

As technology continues to evolve exponentially, construction firms have ongoing opportunities to enhance the quality, speed, and efficiency of building projects and processes. SPONSORED CONTENT

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021