As Austin continues its rapid growth, major tech industry player IBM Corp. has recently planned a strategic office move. This anticipated development will see IBM relocate to a newly proposed Hines development at the northern end of The Domain, specifically 11901 N. MoPac Expy. The expansive project comprises of two 14-story towers, where IBM will lease around 320,000 square feet of the total 500,000 square feet available. This is a reduction in space compared to the 800,000 square feet the company currently occupies.
IBM aims to efficiently consolidate its Austin teams from the south end of The Domain into this centralized location upon the completion of the project. Construction is set to begin in late 2023, with an expected completion date in 2027. The project holds an impressive team of professionals, featuring design architect Munoz + Albin, architect Kirksey, landscape architect Hitchcock, civil engineer Kimley-Horn, and structural engineer Dunaway. CBRE represented Hines in this endeavor.
This major move for IBM exemplifies not only the growth and development of the Central Texas area, but the increasing demand for strategically located real estate. As a Central Texas real estate expert, we at Yee-Haw Development Marketing Group keep our fingers on the pulse of real estate happenings like this one. To learn more about this specific development and others in the area, head over to this [Link to the Original Article](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29074).