The 190,000-sf, three-story garden project--with surface parking and a garage--will fully build out the acreage. Bank One Texas NA is providing construction financing for the building designed by STG Partners of Austin, architects for Dell's Round Rock corporate campus. Zappalac-Reed Construction Co. of Austin is the general contractor and TBG of Austin is the landscape architect. The building's exterior will be masonry and glass and an interior with large, flexible floor plates, also particularly appealing to the high-tech crowd.

La Frontera is the Austin region's largest mixed-use development without an industrial component. When completed, it will provide more than five million sf of retail, office and residential space. Cleveland-based Developers Diversified REIT and David Berndt Interests of Irving, TX are developing the property for a group of investors that includes Ed Bass of the Sundance Square Development Co. in Ft. Worth.

Round Rock is situated 20 miles north of Austin and is one of the fastest-growing sectors in the region. Corporate operations include Dell Computer Corp., Cypress Semiconductor and DuPont Photomasks. To date, developers have completed the 800,000-sf retail component, a 411-unit The Enclave at la Frontera and several sit-down restaurants--all within close proximity to 301 Sundance Parkway. Construction is under way about a block away on a 300-room Marriott conference center and deals have been signed with TGI Friday's, Don Pablo's, Logan's Roadhouse, Red Lobster and Olive Garden, also positioned close to the office project.

Among the amenities at 301 Sundance Parkway will be an elaborate fiber-optic infrastructure that is being laid throughout La Frontera. "Infrastructure and amenities are very important to today's office users who often have a difficult time finding qualified employees," explains Capron. "We feel that 301 Sundance Parkway, with its fantastic amenities, will make it easier for our tenants to hire and retain the best talent."