Construction to Start on New Class A Office Building in Austin

Cousins Properties announced plans to commence development of Domain 9, a 335,000 square foot office building in Austin, during the second quarter of 2021. The total project cost is anticipated to be approximately $147 million with delivery slated for mid-2023. “Since our entry into the Domain submarket of Austin in 2019, demand for Class A office space from fast-growing, high-credit customers has only grown,” said Colin Connolly, President and Chief Executive Officer of Cousins Properties. “Commencing development of Domain 9 gives us the opportunity to continue to capture this demand. Our existing 2.1 million square foot Domain portfolio is 98% leased, and we have the ability to develop an additional 1.7 million square feet, including Domain 9, in the heart of the submarket.”