Fresh from the success of its Stonebridge Plaza I development in northwest Austin, Transworld Properties has broken ground on a second structure immediately south of its fully leased building that was completed last year.

Like its twin, the 200,000-sf Stonebridge Plaza II is located in an office complex northwest of Research Blvd. and North MoPac in what officials describe as Austin’s “Golden Triangle” – the intersection of MoPac, Texas 183, and Loop 360. John Britton, Transworld’s senior vice president, told GlobeSt.com Wednesday that the new nine-story structure, scheduled for completion in fall 2001, will closely resemble Stonebridge Plaza I.

Transworld has again hired Kennedy-Wilson, a diversified international real estate services firm based in Beverly Hills, CA., as fee developer and leasing agent for the second phase. “The building’s size and its large flexible floor plates were chosen to both satisfy the growing demand for space by bigger, high-tech companies and appeal to smaller, more traditional users,” says Phil Capron, Kennedy-Wilson’s senior managing director.

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