AUSTIN | Economic Development

urbancore · #1 Posted **Jan 13, 2020, 10:17 PM**

Heard a rumor to expect a BIG announcement this year (sooner than later) from a major employer. I know more, but can’t say.

If it goes down, needless to say, Austin skyline will never be the same (I know).....again. Hoping on hope.

clubtokyo · #2 Posted **Jan 13, 2020, 11:51 PM**

I like the sound of jobs and another corporate tower

Tyrone Shoes · #3 Posted **Jan 14, 2020, 12:22 AM**

I know it's Delta and they're gonna focus...no wait wrong forum...sorry

freerover · #4 Posted **Jan 14, 2020, 1:26 AM**

I think the Pope is opening up Vatican2 on the statesman site.

chinchaaa · #5 Posted **Jan 14, 2020, 2:58 AM**

Salesforce 100%. They’re hiring a lot right now, and they have some very well-known towers already.

Austin1971 · #6 Posted **Jan 14, 2020, 3:21 AM**

Quote:

Originally Posted by chinchaaa

salesforce 100%. They’re hiring a lot right now, and they have some very well-known towers already.

m

N90 · #7 Posted **Jan 14, 2020, 4:51 AM**

https://sportsfinding.com/bbva-will-...another/10047/

The ATX · #8 Posted **Jan 14, 2020, 5:45 AM**

According to the article BBVA is only moving its Austin area employees to the new building(s). It's not a corporate HQ move or even a U.S. HQ move.

Sigaven · #9 Posted **Jan 14, 2020, 7:56 AM**

Quote:

Originally Posted by N90

https://sportsfinding.com/bbva-will-...another/10047/

Good lord that article was so poorly written I felt like I was having stroke reading it.

Armybrat · #10 Posted **Jan 14, 2020, 12:32 PM**

Another rumor that Disney is buying up land?

WhiskeyTango · #11 Posted **Jan 14, 2020, 2:57 PM**

Quote:

Originally Posted by Armybrat

Another rumor that Disney is buying up land?

Do tell more...are they looking to build a theme park or is it for a back-office use?

urbancore · #12 Posted **Jan 14, 2020, 3:02 PM**

Quote:

Originally Posted by WhiskeyTango

Do tell more...are they looking to build a theme park or is it for a back-office use?

I’ve heard this rumor for years.....San Marcos was always mentioned, it would be a theme park.

freerover · #13 Posted **Jan 14, 2020, 3:42 PM**

Quote:

Originally Posted by urbancore

I’ve heard this rumor for years.....San Marcos was always mentioned, it would be a theme park.

Every city has heard this rumor.

hookem · #14 Posted **Jan 16, 2020, 10:30 PM**

Quote:

Originally Posted by WhiskeyTango

Do tell more...are they looking to build a theme park or is it for a back-office use?

Ha! This is how it always starts.

We vs us · #15 Posted **Jan 14, 2020, 2:15 PM**

I swear, it's like that thing was written by algorithm. It's not even like it's English-as-a-second-language stuff. Totally blogging by madlib.

BBVA had an actual announcement on its corporate page back in December. It's a bit clearer. SPOILER: the tower is mostly residential, with about 120k sq ft of office.

https://www.bbva.com/en/bbva-usa-tak...wntown-austin/

sammyk · #16 Posted **Jan 14, 2020, 2:25 PM**

Quote:

Originally Posted by We vs us

I swear, it's like that thing was written by algorithm. It's not even like it's English-as-a-second-language stuff. Totally blogging by madlib.

BBVA had an actual announcement on its corporate page back in December. It's a bit clearer. SPOILER: the tower is mostly residential, with about 120k sq ft of office.

https://www.bbva.com/en/bbva-usa-tak...wntown-austin/

It appears the article was google translated from this one:

https://www.eleconomista.es/empresas...uira-otra.html

lonewolf · #17 Posted **Jan 14, 2020, 2:41 PM**

oooooh we should have a rumor thread.

1. yes i know it will be 90% bs and incorrect

but some of us have legitimate inside info and would happily leak "hints"

for instance, did you know there is an district/area/planned MUD in Austin we all know that is going to be rebranded under a new name this quarter? We will have to change the name of the thread!

mumu · #18 Posted **Jan 14, 2020, 6:55 PM**

May or may not be related but it's a big question who will be the real owner of Project Catalyst and its 97 acres now zoned for 160 foot buildings.

If we're talking a true mega expansion, this is already zoned for 4 million square feet of office space or 20,000 jobs. Such as things go, there's always opportunity a few years later to push for more density and height.

N90 · #19 Posted **Jan 14, 2020, 7:49 PM**

I shared that BBVA link because there was something interesting in it. In the article BBVA claimed that over half their revenue and business comes from Texas.

I know they're currently based in Birmingham but keep those pinups ready because BBVA seems like the type of company that could eventually relocate their HQ there. But I guess even if they do, it'll likely go to DFW. We all know how much TX governor Abbott cradles DFW in his arms when he's pitching TX to out of state companies.

We vs us · #20 Posted **Jan 14, 2020, 8:33 PM**

Quote:

Originally Posted by N90

I shared that BBVA link because there was something interesting in it. In the article BBVA claimed that over half their revenue and business comes from Texas.

I found this little nug when I was noodling around on their wikipedia page:

Quote:

On August 21, 2009, in a Federal Deposit Insurance Corporation-supervised transaction, BBVA Compass acquired the deposits and other core assets of Guaranty Bank of Austin, Texas, which suffered from bank failure. The deal gave BBVA Compass a presence in California and expanded an existing presence in Texas.[12]

https://en.wikipedia.org/wiki/BBVA_USA

They've actually got a lot of touch in Austin, turns out. Not an entirely unnatural fit if they wanted to centralize ops in TX.