AUSTIN, TX – Cielo Property Group is set to develop 750,000-square-foot office building in downtown Austin, TX. The locally-based firm plans to break ground on the 46-story tower in late summer.

The office building, titled the Perennial, is anticipated to be one of the tallest and most sustainable buildings in Austin once complete in 2025. Cielo Property Group aims to obtain LEED-Platinum and Well-Platinum status for the property.

The wellness-focused property will offer office space, three floors of retail space and more than 100,000 square feet of landscaped outdoor space. The Perennial's retail space will encompass 37,000 square feet of restaurants, entertainment venues and wellness-focused retailers.

Continue Reading for Free

Register and gain access to:

  • 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.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.