[email protected] 512-710-0337

Zilker Point office tower in the works

Austin Real Estate News

August 29, 2022

​AUSTIN – Generational Commercial Properties and DivcoWest are developing a
seven-story office tower at 218 S. Lamar St.

Called Zilker Point, the proj​ect will have 192,000 sf of office space, 15,000
sf of retail space, and 635 parking spaces.

Amenities will include a fitness center, community art gallery, and rooftop
terrace.

Runa Workshop is the architect. MSD Capital provided a $124 million
construction loan.

Construction wraps in 2024.​

Source

You May Also Like…

Work begins on Rise 510

​​​GEORGETOWN – Novak Brothers Development Group has started on Rise 510, a
301-unit multifamil​y project on 12 acres in the Wolf Lakes Village master-
planned community.

Amenities will include a pool, fitness center, hiking trails, and one-acre
community park.

Construction wraps in summer 2024.

[![texaslogo.png](https://assets.recenter.tamu.edu/Images1/NewsTalk/NTTInfo.png)](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: [REBusiness On​​​line​](https://rebusinessonline.com/novak-brothers-
breaks-ground-on-301-unit-multifamily-project-in-metro-austin/)

read more

Aspen Heights to redevelop Health South office towers

​​​AUSTIN – The city has approved plans for Aspen Heights Partners to convert
the former Health South office towers into a 37-story residential and
commercial project.

Of the 921 rental units, 232 wi​ll be designated as affordable. The plan also
calls for 35,000 sf of commercial space and a childcare center.

Civilitude will be the engineer. STG Design will be the architect.

read more

Three-building Buda industrial park trades hands

​​BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA
industria​l park, has been sold.

The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and
one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60
trailer parking spaces, and 678 parking spaces.​

The recently delivered ​buildings are fully preleased to CED Greentech, Sherri
Hill, and Four Hands. ​

JLL represented the seller, a joint venture between United Properties and PCCP
LLC.​

Phase two will include four rear-load buildings totaling nearly 390,000 sf.
Completion of the first building is set for spring 2023.

read more