AUSTIN – (Realty News Report) – Baker Botts, the law firm founded in Houston in 1840, has leased 50,000-SF in RiverSouth, a 15-story office tower under construction in downtown Austin.
Developed by Stream Realty, the tower will have 330,000 SF of office and 18,000 SF of retail. Completion is slated for 2021.
RiverSouth sits on a 1.5-acre parcel on the south side of Lady Bird Lake on First Street, the site of a former Hooter’s restaurant, which was recently demolished.
Baker Botts has over 70 lawyers in Austin. Leasing one-and-a-half floors, Baker Botts will be relocating its Austin office from the downtown San Jacinto Center, a location it has occupied since 1988.
“Walkability and accessibility to retail and entertainment districts, as well as Austin’s beloved hike and bike trail, was the biggest draw for us. We see South Central Waterfront as a steadfast investment and we’re proud to be the first tenant to join Stream and put on our stamp on the area. We hope others in the business community will realize the benefits of this building and follow suit,” said Mollie Duckworth, partner at Baker Botts.
Located at 401 South 1st Street, RiverSouth is being constructed on a triangular 1.45-acre tract where Riverside Drive, Barton Springs Road and South 1st converge, part of the growing South Central Waterfront District.