AUSTIN - Cousins Properties has announced that it will break ground in November on the final installment at Research Park Plaza.
Research Park V, at 12301 Research Blvd., will be delivered in 11 months, according to Tim Hendricks, senior vice president of Cousins Properties.
The building will encompass 173,000 sf and cost about $44 million.
"We really feel there's a need for new product in the northwest market where occupancy rates are over 90 percent," Hendricks said.
Cousins Properties is also building Colorado Tower at 303 Colorado St. in downtown Austin, which will begin delivering space in December.
For more on Colorado Tower, see previous story Austin's Colorado Tower 95% leased.
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