The University of Texas has selected architecture firm Page Southerland Page Inc. to design its new $102 million downtown UT Systems headquarters building. That building, to be located on 7th Street between Lavaca and Colorado Streets, will span about 258,000 square feet and rise nine stories, including parking, once completed.
The Austin Business Journal reports that as part of the demolition for the new building, UT buildings at Colorado and Lavaca will be leveled. Claudia Taylor Johnson Hall and Ashbel Smith Hall will remain UT System property and available for redevelopment including retail use, the ABJ says. O’Henry Hall at West Sixth and Colorado streets will be available for lease.
The new building will allow the UT System to consolidate offices that are currently scattered among five older buildings, and it is expected to save millions in maintenance and energy costs.
The new downtown UT Systems building is expected to move quickly; construction should begin by the end of 2014, and UT hopes to move about 550 employees into the new building by late 2016 or early 2017.