For the past 10 years, the Austin skyline’s been in a state of constant flux. In the past year alone, two towers have gone up in the downtown area: the Colorado Tower and the IBC Bank Plaza. Those two buildings, which combine for nearly 570,000 square feet in office and retail space, were all but leased by the time they opened their doors.
But, for some buildings, the wait is a little longer.
For some buildings – like the former headquarters of La Bare on Riverside Drive, the boxy little historic building at Congress and Riverside just down the road, and even some properties in the heart of Downtown Austin, just a few blocks from the Capitol – the wait is seemingly interminable, leaving daily passersby wondering why such high-value real estate lies vacant in the middle of a Austin’s development boom.