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.
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