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Originally Posted by Dale
Why not this and IBC both since IBC has a tenant ?
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I think we'll be able to have both. I think people are just concerned the market can't handle two office projects. From what I've read in a few articles quoting the market pros, they say it can. I think they said at least 500K square feet could be developed and absorbed within 2 years. That would roughly be this tower + the IBC Bank Plaza.
Now where it gets tricky is with the GreenWater office tower which is planned to have nearly 500K square feet of space. And then 3Eleven Bowie is supposed to have 42K square feet. There's also a 15-story office building for Whole Foods, and there was even that ~400K square foot Shoal Creek Walk project.
Right now 3Eleven Bowie is closest to breaking ground, followed by either Colorado & 3rd or IBC Bank Plaza. And I'm not sure about the others. I would assume GreenWater will break ground next year, but it'll probably be in phases, so we might not see the office project for a while, and it could change in size.
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Originally Posted by nixcity
Yea, I love this one!!!! Of course I wish it were taller....I didn't realize it was going to be a full mixed use, good for them. That should make the Endevor project more viable. That one is part of the Green land right?
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No, the office tower at GreenWater, along with all the other buildings at GreenWater, are being developed by Trammel Crow. IBC Bank Plaza is being developed by Endeavor, as is 3Eleven Bowie which will have mixed use with apartments above and 42K square of office space below.
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Originally Posted by ivanwolf
Austin Lofts?
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You mean Plaza Lofts, and yes, it most certainly is plain on that side! I doubt they'll do that on this tower, though. This is being designed by a rather famous architect (Duda/Paine). I just don't see them going cheap on the design like that. But I would expect something to be built on those other 2 or 3 lots. Something will eventually be built along Congress. After the Marriott is completed, the lot next to where this tower is will be the last large vacant lot facing Congress.