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Yet another high-rise is planned for downtown Austin, as the area s real estate market keeps booming despite the ongoing coronavirus pandemic.
The new 50-story tower is to be built at West Fifth and Colorado streets, and plans call for a mix of residential and office space. The project is being developed by an affiliate of Stonelake Capital Partners.
The working name for the development is “5th & Colorado.” Stonelake said the proposed project s full branding and identity will be announced later. Groundbreaking is tentatively set for the first quarter of 2022, with the tower scheduled to be completed early in 2025.
Stonelake isn t commenting on the project s estimated cost or financing details.
JLL to consolidate Houston operations to River Oaks office tower
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Stonelake Capital Partners has executed a lease with JLL for 81,999 square feet in the 200 Park Place building at at 4200 Westheimer. The JLL name and logo will be displayed at the top of the 15-story tower.JLLShow MoreShow Less
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Stonelake Capital Partners is the developer of the 200 Park Place building at at 4200 Westheimer in the Park Place River Oaks Development. Tenant amenities include a terrace and a conference center on the ninth floor.JLLShow MoreShow Less
Commercial real estate firm JLL will consolidate its Houston offices to the new 200 Park Place office building in Stonelake Capital Partners’ Park Place River Oaks development next year.