A new office project is scheduled to break ground in a few days west of Barton Creek Square mall.
Walsh Tarlton Overlook, designed by Austin-based Sixthriver Architects, will yield 55,000 square feet of class A office space in a desirable area where vacancies have been scarce. The Texas Department of Licensing and Regulation indicates that the project is valued at $9.5 million.
JTM Development in partnership with Cypress Real Estate Advisors is building the upscale office project. Headed by J. Thomas Mercer, JTM has previously built Rob Roy Office Park, also in Southwest Austin, and has entitled numerous residential developments across Central Texas. Mercer is handling the pre-leasing. He is a former executive of Prologis Trust and Panattoni Development Co.
The only other office project currently underway in Southwest Austin is the Lantana Ridge office complex at 7601 Southwest Parkway, which will be fully occupied when completed by Yeti Coolers LLC. Lincoln Property Co. is the developer.
Walsh Tarlton Overlook is scheduled to open sometime next year and will feature limestone, marble and walnut finishes. Elevators from the five-level underground parking garage will deliver employees directly to their offices.
The Burt Group is the general contractor. TBG Group is the landscape architect.
Cypress acquired the land in 2007 when it purchased a Cinemark theater that been located on the site. Cypress rezoned the property in 2011 to provide for mixed-use development.
Residential projects are underway nearby.
Centro Development LLC, headed by Kent Collins, is building the Westerly, which includes 168 multifamily units and 21 townhouses. Chupik Properties and Design Inc. in partnership with Prominence Homes is building The Walsh, 55 luxury townhouses, just west of the office project.
Jan Buchholz covers commercial and residential real estate, construction and architecture and retail and restaurants for the Austin Business Journal. Read more at http://bit.ly/2bwb0Tk