Barings, B&Z Development to Break Ground on 701 Rio Office Building in Downtown Austin

AUSTIN, TEXAS — Barings and B&Z Development LLC plan to break ground on 701 Rio in west downtown Austin next Wednesday, Jan. 8. Situated in the Original Austin Neighborhood at Rio Grande and 7th streets, 701 Rio will span 120,983 square feet of office space across five floors. JLL is leasing the property on behalf of the ownership group. The design team includes architect BGK and Colorado-based general contractor Hensel Phelps. Barings, a subsidiary of MassMutual, is a $335 billion global asset management firm.