Colorado Towers rendering, Downtown Austin, TX
 |
| Larry Gellerstedt |
AUSTIN, TX -- Cousins Properties Incorporated (NYSE: CUZ)
has commenced construction on Colorado Tower, a 371,000-square-foot,
Class-A office development in Downtown Austin, Texas.
The 29-story building,
designed by Duda/Paine Architects, will be the first high-rise tower built in
Austin since Cousins developed Frost Bank Tower in 2003. The formal
ground breaking ceremony is scheduled for June 4th.
“We have a long, successful history in Austin and are very
excited about the prospects for Colorado Tower,” said Larry Gellerstedt,
President and Chief Executive Officer of Cousins. “This building – with its
great location and best-in-class amenity package – is particularly well
positioned to capitalize on the vibrant market in Austin’s central business
district.”
 |
| Frost Bank Tower, Downtown Austin, TX |
Located in the heart of Downtown Austin’s Warehouse
District, Colorado Tower will offer a variety of amenities, including a top
quality fitness facility and state-of-the-art conference center.
The building
is being developed under the Austin Energy Green Building 2 star program and
will be substantially complete by December 2014.
Pre-leasing activity has been strong, with two high-profile
companies – DuBois, Bryant & Campbell LLP and Scott, Douglass &
McConnico LLP – officially committed to the building and several other
prospective tenants in active discussions.
 |
| Palisades West, Austin, TX |
Cousins has played a prominent role in the Austin real
estate market for more than 20 years, with a list of notable projects including
Frost Bank Tower, Palisades West, and the recent acquisition of 816
Congress.
For a complete copy of the company’s news release, please
contact:
Cousins Properties Incorporated
Tim Hendricks, 512-477-3434
Senior Vice President
or
Cameron Golden, 404-407-1984
Vice President, Investor Relations and Corporate
Communications
No comments:
Post a Comment