Brandywine Realty Trust revealed the design it has chosen for an office tower it plans to build in downtown Austin. Brandywine announced initial plans for the project last June.
Located on the northeast corner of Fourth and Colorado streets, the building, currently known as “405 Colorado,” will include a first-floor grand lobby and 3,000 square feet of retail space, 12 floors of parking with a total of nearly 530 spaces for tenant and public use, a well-appointed sky lobby and premium office space on the top 11 floors. The total height will be approximately 366 feet. Each floor of 405 Colorado’s office space will be comprised of 19,000 square feet on average with an offset core and wide column spacing to maximize space efficiency and views from all four directions.
“This is an exceptional location for an extraordinary building,” said Bill Redd, Brandywine’s executive vice president and senior managing director for Austin. “We’re incredibly pleased with how the overall project is taking shape and all the interest commercial brokers and potential tenants have shown for this project. We look forward to launching our pre-leasing campaign and introducing this well-designed development to the Austin market.”
According to the most recent Cushman & Wakefield Austin Office Snapshot from Q1 2016, Austin’s office occupancy rate of 91.5 percent is higher than the historic average of 87 percent, and the occupancy rate within the Austin central business district is even higher at 94.8 percent.
The design of 405 Colorado aligns with the City of Austin Great Streets Development Program and Urban Design Guidelines. Brandywine is targeting both LEED and Austin Energy Green Building program certifications.
The development team includes Brandywine, Duda|Paine Architects, which also designed downtown’s Frost Bank Tower, Stantec (formerly Bury) for civil engineering, Brockette/Davis/Drake for structural engineering, Blum Consulting Engineers for MEP engineering, Austin Commercial for pre-construction work and Land Use Solutions LLC for land entitlements consultation.