Locally based Cielo Property Group is teaming up with Dallas-based Teir REIT to build the 28-story downtown office tower.
The new tower will have ground-floor retail, outdoor terraces overlooking Shoal Creek and three floors of creative office space with 28-foot ceilings and loft-like spaces. Traditional offices will cover ten floors. The rest of the building will consist of parking and a 300-stall bike storage facility.
Demolition of the 43,000-sf entertainment venue at 208 Nueces St. will start in January. Construction of the new tower is slated to begin in early 2016 and finish at the end of 2017.
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