[Urbannizer]

Perennial Tower Sprouts Downtown at Fourth and Brazos This Summer

The first of two tower projects by local real estate firm Cielo Property Group set to transform a full downtown Austin block will break ground this year, according to an announcement from the developers. With Cielo now in control of the block between Fourth Street, Fifth Street, Brazos Street, and San Jacinto Boulevard, the first phase of the site’s development will commence on the southern half of the tract currently occupied by event venue Brazos Hall and a small office building, with a 46-story, 750,000-square-foot office tower planned to break ground at this site before the end of summer 2022. The project, which recently received an approval of its site plan from the City of Austin, is scheduled for completion in late 2025.