Amarillo downtown: Xcel Energy to anchor new $42M building

AMARILLO – Xcel Energy announced that it will be the major tenant in a new $42 million downtown office building.

The company will relocate its 300 downtown-based employees to the new building, located on South Buchanan St., in March 2017.

Outside firms will develop and finance the 114,000-sf building and lease it back to Xcel Energy. The new building will cover the entire block bounded by Buchanan and Pierce St. and Seventh and Eighth Ave.

The new four-story office space will sit on top of a three-story parking garage, which will also include retail space.

Minneapolis-based Opus Group is developing the project. The Amarillo firm of Dekker/Perich/Sabatini will complete the interior design work.

This is the first private large-scale office development in downtown Amarillo since the 1980s.