A 1950’s-era office building near the Texas State Capitol is getting a major expansion and overhaul thanks to a team of Austin-based design firms and a Dallas-based developer.
Prescott Group recently purchased the former Texas State Teachers Association building located at 316 W. 12th Street with plans to add nearly 26,000 square feet of rentable space to the building. A full renovation and modernization of the building envelope, mechanical systems, restrooms, and elevators is planned for the building just steps away from the Capitol.
When completed, nearly 100,000 square feet of downtown Class-A office space will become available with amenities such as a rooftop terrace, fitness facilities, and showers. A 2,000 square foot restaurant is also planned on site.
“The concept behind our renovation is to save the best of what exists and pair it with the best of what’s current in terms of architecture, design and appealing amenities,” said Brian Leslie, managing director of the Prescott Group.
The Burt Group is the general contractor and plans to start construction on the $11 million project in October, with a completion target of late 2017. Stay tuned to BuildingATX.com as we monitor all of the projects in the pipeline for downtown Austin.