AUSTIN, TEXAS — Carr Properties has broken ground on Block 16, a 43-story office tower in Austin. Carr Properties has chosen Austin-based Manifold Development as its local partner for the project.
Block 16 will offer over 738,000 square feet of space. Building amenities will include a fitness facility, multiple meeting areas and food and beverage offerings. The development cost was not disclosed.
Designed by Gensler, each floor will offer 10-foot, floor-to-ceiling windows and a virtually column-free workplace. Additionally, Carr Properties is planning to implement improved indoor air quality measures in order to maximize the health and wellness of the customers in the building.
“I think we have a real opportunity to deliver a project of world-class design with incredible amenities that best meets the needs of today’s ever-changing work environment,” says Tyler Grooms, the president of Manifold.
Located in downtown Austin, Block 16 is situated at the intersection of San Jacinto Boulevard, Trinity and Second streets. The project will offer easy access to the Central Business District, the Rainey Entertainment District and Lady Bird Lake Hike & Bike Trail. Block 16 is also close to the Austin Convention Center and the city’s future rail station.
The project is currently available for preleasing with expected completion by spring 2026. Troy Holme and Katie Ekstrom of CBRE are the exclusive office leasing brokers marketing Block 16.
“As Austin continues to generate the strongest office demand in the country, the emphasis has been on a ‘flight to quality’, especially in the urban core,” says Troy Holme, executive vice president at CBRE. “Without a doubt, Block 16 will be an absolute best-in-class trophy asset and we are thrilled to be a part of the Carr Properties and Manifold Development team.”
Carr Properties is a Washington, D.C.-based owner, operator and developer of commercial properties in the Washington, D.C. and Boston and Austin markets. Other assets in Carr’s Austin portfolio include a 22-story, 419,785-square-foot office tower called 100 Congress. The company currently owns a portfolio of 17 commercial office properties totaling approximately 5.7 million square feet with an additional 1 million square feet in development.
— Julia Sanders