Hines plans to build new timber office and residential building in Texas

WCN Editorial Team 26 Aug 2021 NORTH AMERICA BUILDINGS

US-based real estate firm Hines has announced plans to construct a timber office and residential building in Austin, Texas.

The new development, named T3 Eastside, will be the company’s first Class-A timber project with a residential component.

Located at 1200 East 4th Street, the building will include 92,000ft2 of office space and 9,200ft2 of residential space featuring 15 loft-style units.

T3 Eastside will be complemented with advanced technology, unparalleled amenities, and renewability.

Residents will have access to many local food and beverage, grocery and live music favorites including Hopdoddy Burger Bar, Juiceland, Dolce Neve Gelato, The Historic Scoot Inn, Cosmic Coffee, Native Hostel and Whole Foods.

Hines senior managing director and co-Austin city head Philip Croker and: “T3 Eastside is designed to accommodate occupier needs of firms who seek creative class workers and residents by delivering a unique product and location while offering proximity to living, dining, entertainment and easy access to transit while honoring the unique artistic spirit of the neighborhood.”

The company stated that the project will be constructed using sustainably sourced wood.

Leasing for the T3 Eastside will be handled by real estate company JLL.

Hines Austin city head and senior managing director John Mooz said: “Hines has over 64 years of experience in Texas, and we look forward to growing our presence in Austin with several projects that will be announced in the coming months covering multiple product types.”

Recently, the company acquired 10 Ballarat Street, Brunswick in Melbourne, Australia to develop a 250-unit build-to-rent (BTR) apartment complex.

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Rendering of the new timber office and residential building in Austin, Texas. Credit: Nicol Investment Company/ PRNewswire.

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