Downtown dirt turnover: Austin’s 500,000-SF office tower

AUSTIN – Trammell Crow Co. is set to begin work on a 29-story tower at 500 W. 2nd St. The tower will have 489,403 sf of office space and 11,033 sf of ground floor restaurant and retail space.

The project is the second of four phases of a master-planned development on land that formerly housed the Green Water plant.

The tower will be built just north of Northshore, the three-tiered tower that constitutes the first phase, that is already under construction at W. Cesar Chavez St. and San Antonio St. and which will have about 440 apartments plus office and retail space.

Construction on Northshore is scheduled to be completed in late 2015.

When the entire project is completed, it will add more than 1.7 million sf of mixed-use commercial development downtown, bringing added revenue to the city’s tax base.