AUSTIN—PlainsCapital Bank is the first announced tenant for the under-construction 5th+Colorado downtown office tower.

The Dallas-based bank has signed a lease for approximately 15,000 square feet of office space on the 10th floor of the building, along with an additional 1,800 square feet at ground level as a retail location.

“PlainsCapital is excited about the relocation of our downtown Austin bank,” said Paul Holubec, Austin region chairman, in a release. “We are certain our customers and employees will benefit from the convenience of the new building at 5th and Colorado streets. This move will position our downtown location for continued growth.”

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