Pedestrian mall, office buildings proposed north of CapitolPedestrian mall, office buildings proposed north of Capitolhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=114482015-12-10T06:00:00Z2015-12-10T21:00:00Z

​​​AUSTIN – A long-envisioned pedestrian mall and pair of new offices is being planned directly north of the Capitol.

In the '40s and '50s, state government planners imagined a tree-lined civic space along state office buildings that frame Congress Ave. Now, the Texas Facilities Commission is incorporating the decades-old vision in a master pl​an for the Capitol complex running from Trinity to Lavaca streets and from Martin Luther King Jr. Blvd. to 10th St. 

The first of three phases will include three blocks of a walkable mall and two state office buildings along with nearly 4,500 parking spaces in five subterranean levels. It is slated for completion by 2020 at a cost of $580 million. 

One of the buildings will go up on a parking lot across the street from the Bullock Texas State History Museum on the east side of Congress Ave. The other is planned closer to the Capitol, between W. 15th and W. 16th streets. 

The two buildings will create around one million sf of new office space, decreasing the state's annual lease payments on about 1.2 million sf of leased office space downtown. The buildings will be capable of holding 3,600 employees. The state will be able to retire up to 18 leases totaling $19.9 million annually.

The first phase still needs approval from officials with the General Land Office, the Texas Preservation Board and the Texas Facilities Commission. Final approval is expected in March.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/news/pedestrian-mall-new-buildings-planned-for-area-nor/npdML/?icmp=statesman_internallink_referralbox_free-to-premium-referralRead more at {Source}

 Search NewsTalk Texas