$50M office view on Rollingwood hilltop near Austin

ROLLINGWOOD, TRAVIS COUNTY – Construction has started on the $50 million Rollingwood Center — the largest office project to break ground near downtown since the recession as Austin area’s office market continues on a healthy run.

The project includes a four-story office building with 155,000 sf and another two-story building with 60,000 sf.

The project is on a hilltop on the north side of Bee Cave Rd. in the City of Rollingwood, just west of Zilker Park and minutes from downtown Austin. The buildings are scheduled to be ready in early 2015.

LatinWorks, an Austin advertising agency, will initially lease 50,000 sf in the smaller building, but expects to occupy the entire building as it continues to grow. In the larger building, Heritage Title Company of Austin Inc. will be a tenant, occupying about 9,000 sf.

A third building is expected to eventually be added to the complex, which is currently home to a BB&T branch. Central Texas’ job growth has spurred demand for office space, raising overall rents, occupancies and investor interest in the region’s office market.

Endeavor Real Estate Group, based in Austin, is the development group working on the project.

Read more at the Austin American-Statesman.