New Downtown Office Tower Announced Next To Gables

Francisco Vara-Orta gets the scoop on plans for a new downtown Austin 15 story office tower, next to Gables Park Plaza at Lamar and Cesar Chavez.

Dubbed Park Plaza, the planned 15-story tower will feature 189,000 square feet of predominately Class A office space off the northeast corner of West Cesar Chavez Street and Lamar Boulevard — next to the newly opened Gables Park Plaza residential complex. Gables owns the 1.8-acre tract where the new office building is planned, and has contracted with Capital City to build and lease the structure, which will also include approximately 10,000 square feet of ground-floor retail space. Dirt could turn as early as October.

Nothing gets built until enough lease agreements are in place, but with a location like this that could happen soon.  As it is envisioned, no variances are needed.

This is the second, (maybe third) office project announced in this district of downtown this year.

About Jude Galligan

Jude Galligan, REALTOR, Principal of TOWERS Realty and publisher of Downtown Austin Blog (aka. "DAB"), spends his time matching remarkable people with remarkable properties in Austin’s urban core. A resident owner in downtown Austin, Jude has served on the Board of the Downtown Austin Alliance (DAA) and the City of Austin Downtown Commission. Contact Jude.

Comments

  1. The original plans already had a 15 +/- story condo structure in that location. The people who leased apartments there should have researched if anything was planned on the adjacent parcel.

    Also, if the land owners want to build anything over 2-3 stories, they have to build in the proposed location. The southeast portion of the property is restricted by the Capitol View Corridor from Lamar Blvd bridge.

  2. Won’t that block the downtown views of the east-facing Gables units?

  3. Does this mean that the second phase of the Gables has been canceled? Is this taking it’s place?

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