$895M complex to consolidate Austin-area state agencies

​​​AUSTIN – A new downtown development currently in the works will consolidate area state agencies into 1.5 million sf north of the capitol.

The first phase of the $895 million Texas Capitol Complex started in 2018. That phase consists of two new office buildings—a 416,000-sf building at 1601 Congress Ave. and a 603,000-sf building at 1801 Congress Ave.—and five levels of underground parking.

Phase one will begin occupancy in 2021 with completion in May 2022.

Phase two includes buildings on 15th St. and Lavaca St., bringing an additional 525,000 sf of office space and 2,550 parking spaces to the Capitol Complex. This phase will begin in late 2022 and wrap up in July 2025.

Phase Three will add two more state office buildings to the complex.

Once the project is finished, the state will be able to retire all remaining area leases at an estimated annual savings of $7.5 million.