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Originally Posted by Austinite101
I had the chance to speak with employees from the Texas Dept. of Insurance about this building. I don't know if its common knowledge or anything, but they told me they're slated to move out of Hobby into the new buildings being constructed over at the capitol complex.
I suspect that gives a rough idea as to when this block would hit the market (2021-2023?), and it would conveniently line up with the 87th Texas Legislative Session if the legislature needs to sign off on something.
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I think this is pretty public information. The redevelopment of the Capital Complex is designed to bring more density to that part of downtown (12th to 15th st area) where land is less valuable and then sell or lease out the States more valuable holdings.
I think it'll be a boon for downtown proper, and hopefully we can get some pedestrian engagement in the new Capital complex, but I'm not holding my breath there. It'll probably keep the "run away at 5" vibe.