Cousins breaks ground on Austin skyscraper
Atlanta-based Cousins Properties said on Thursday it has broken ground on a new office tower in Austin, Tex.
The real estate investment company said the 29-story skyscraper, known as Colorado Tower, will be “substantially complete” by the end of 2014.
The ground breaking comes on the heels of a $102.4 million deal last month to acquire another tower in Austin.
Earlier this year, Cousins acquired a Houston office tower and completed a complex transaction involving the Terminus 100 and 200 buildings that Cousins developed in Atlanta’s Buckhead office market. That deal resulted in Cousins holding 50 percent interests in both skyscrapers.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
