Ryan Cos. Reveals $210 Million Corporate Project in Austin
- Oct 24, 2014
Minneapolis-based development and construction company, Ryan Cos., unveiled the impressive project it plans to develop on the south shore of Austin’s Lady Bird Lake. The Waterfront corporate development illustrates a 625,000-square-foot office development on 10 acres, west of Pleasant Valley Road.
The value of the project at built out is estimated at $210 million, reports Austin Business Journal; this is the company’s first project in Austin. The conceptual design has been handled by Austin-based STG Design and TBG Partners. It consists of three buildings overlooking the lake and the downtown skyline. A rooftop café, a dog park, food truck court, structured parking, trails, outdoor courtyards, and multiple balconies are part of the development’s design.
One interesting aspect for the investors is the size of the floorplates: building 1 will have a 45,000-square-foot floorplate, building 2 will have a 30,000-square-foot floorplate, and building 3 will have a 50,000-square-foot floorplate. The development is designed to receive Silver LEED certification.
Brokers Mark Emerick and John Barksdale from CBRE Group Inc. are marketing The Waterfront. Cypress Real Estate Advisors, an Austin- based multifamily developer, is the current owner of the site.
Photo courtesy of Ryan Companies Facebook Page.