The association, which represents the state's 254 county governments in state affairs, plans to occupy up to 65,000 sf and put the rest on the market, Sam Seale, the director, tells GlobeSt.com. "I don't think we'll have a problem leasing out the space," he says, citing the building's proximity to the state office complex. He says the association doesn't have a leasing agent and hasn't begun to market the space, which includes first-floor retail. Completion is scheduled for mid- to late-2002.

The eight-story building, at San Antonio and 13th streets on the north end of the CBD, has been designed to resemble a county courthouse, Seale says. With it, the association will consolidate its staff from five buildings in the vicinity. It owns four lots in the block around the new building, including its current headquarters, a 17,156-sf building at 1204 San Antonio.

The new building will have a business center for county officials visiting Austin; continuing education center; and the permanent home of the association's County History Library. The parking garage will have space for 290 vehicles.

Financing is coming from the association's workers compensation fund, $15 million, and its risk management fund, $7 million. The funds, which are administered by the association, will own the building.

Austin-based Steinbomer & Associates has designed the structure along with Kell Munoz Architects, based in San Antonio. Austin-based Zapalac/Reed Construction Co. LLC is the general contractor and American Realty Corp., based in Austin, is managing the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.