Office space and restaurants are coming to Southeast Austin’s MetCenter.
New office space, restaurants, and retail are on tap for the MetCenter, located at the corner of Riverside and 71. The Austin Business Journal reports on developers’ plans for the 550 acre property. Zydeco Development Corp. has plans to bring creative office space over the next few months.
Zydeco’s tenants include Austin Java, Power Home Remodeling Group, Seton Healthcare and Kapsch Group. Those tenants are in office space in four buildings in Phase II of the project. Austin Java will open at the MetCenter at the beginning of next month. It will be the first restaurant in the center. There are also plans to add food trucks to feed hungry workers.
The City of Austin will also be housing its municipal court at the development, under a contract with Zydeco. This summer, Zydeco will also start building 4 buildings totally 406,000 square feet of creative office space.
The MetCenter is set up for industrial tenants and large companies, so office space and retail will require some remodeling.
“Austin Tech Center”
World Class Capital bought seven buildings in the development in April. They plan to change them into creative office space for tech tenants with high growth. World Class has 400,000 square feet at the MetCenter and renters include General Motors, Invesco, Data Foundry, ERCOT and Century Link. This has led the developer to call it the “Austin Tech Center”. 100,000 square feet of office space is available for lease.
The Closest Business Park to downtown
The area has traditionally been thought of an industrial area, but a lot of companies already have offices at the MetCenter. The high price for downtown office space is leading many companies to look to the MetCenter. Zydeco says the MetCenter is the closest business park to downtown.
Retail is scarce in the area, but there are hundreds of new homes in the area. That, combined with Oracle’s new campus at Riverside and Pleasant Valley, leads many to believe retail is coming soon to Southeast Austin.