Downtown Austin Office Tower IBC Bank Plaza Breaks Ground

Located at 500 West 5th St., the IBC Bank Tower, is the first downtown Austin office building to break ground in over 10 years.  The office tower is scheduled to open its doors in the spring of 2014.  Plans are for the building to have 195,000 sf of rentable office space, which is just in time as downtown office occupancies and rents have escalated as demand increases.  IBC Bank will have it’s HQ here and anticipates taking 27,000 sf.   Endeavor real estate is the developer on this project which will include office and retail space.

The IBC Bank Plaza is in an ideal location situated between Congress Ave and West 6th St.  Tenants will be within 6 blocks of either direction.

http://www.statesman.com/news/business/13-story-office-project-breaks-ground-in-downtown-/nXW8d/

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