Ceilo plans 50 storey building in Austin. The Cielo Property Group plans to build on a site occupying around 750,000 square feet. Cielo recently acquired this property, positioned at the southern half of the block between Fourth and Fifth streets and Brazos street and San Jacinto Boulevard, and this property is a new addition to the northern half of the block which they purchased back in 2020.
Located near the Austin Convention center downtown, the 0.81 acre property on the Southern half of the block will be used for building a 50 story building in Austin. Although, it presently houses an event center Brazos Hall and a small office building. The northern half, which is home to Brazos Lofts condos can accommodate up to 886,200 square feet and could also feature another high rise building as part of the later phase.
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Designs are already in progress for the proposed 50 storey building in the Southern block and according to a Cielo spokesperson, the design will feature wellness and cultural amenities as well as green buildings, with the completion date for both phases pegged in four years time.
A development permit for the southern half of the city block will be secured early next year, and Cielo group plans to develop an entire city block, that can provide companies with more space, greater flexibility, and unique amenities on-site that could be shared by two buildings. The high rise buildings could contribute a total of 1.6 million square feet of space to the market, as its proposed location is just East of Frost Bank Tower.
The architectural design of the 50 story building in Austin will be overseen by Perkins Will, while the engineering aspect will be handled by Garza and Michael Hsu Office of commercial will be in charge of leasing this new high rise building.
Cielo co-founder and CEO, Bobby Dillard pointed out that the Downtown continuously attracts marquee companies, but these businesses find it difficult to secure office spaces in this area that are large enough to meet their needs.
Dillard stated, “By developing an entire city block, we can provide companies with more space, greater flexibility and unique on-site amenities that can be shared by the two buildings.”
