AUSTIN--A partnership between Austin-based Generational Commercial Properties and Houston-based HTZ Investments has purchased a 34,000-square-foot site located at 801 Barton Springs Road in Austin.

The site, located between Bouldin Avenue and South First Street, is currently a parking lot occupied by food trucks, says AQUILA Commercial, who will lease the soon-to-be-built building.

The new property will consist of 90,500 square feet of office and 1,800 square feet of retail. Four stories of office will sit atop four and a half levels of parking and feature views of the downtown Austin skyline and greenbelt.

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