AUSTIN, TEXAS — A partnership between Austin-based Generational Commercial Properties and Houston-based HTZ Investments has purchased a 34,000-square-foot site located at 801 Barton Springs in Austin. The site, located between Bouldin Avenue and South First Street on Barton Spring Road, is currently a parking lot occupied by food trucks. The new owners will construct an office building featuring 90,500 square feet of office space and 1,800 square feet of retail. Four stories of office will sit atop four-and-a-half levels of parking. Generational Commercial is the project’s developer. The design incorporates central core network technology, which allows tenants to control lights, temperatures, security and other building features from a computer or at home. Austin-based architecture firm Runa Workshop will design the building to LEED Silver standards. A site development permit from the city of Austin has been secured, and construction is slated to commence in the first half of 2016. AQUILA Commercial will lease the building. Rob Wendt with Centric Commercial represented the seller, and Reagan Smith with SRI Commercial represented the buyer in the transaction. This is the partnership’s first investment in Austin.
