Located in the pulsing heart of Austin's Central Business District, 823 Congress has transformed a 1970s-era 15-story office tower into a contemporary hub for workplace and retail. Initially constrained by outdated interiors and below-market rents, a targeted capital improvement program swiftly elevated the building's occupancy to over 97% in just five months.
Key enhancements include a naturally lit, glass-enclosed lobby, revitalized common areas adorned with local art, and modern LED lighting and elevator finishes. These $1.1 million in upgrades not only lifted average rents by 47% but also drew in high-profile tenants in the tech and digital communications sectors, solidifying 823 Congress as a premier address mere blocks from the Texas State Capitol.
Address: 823 Congress Ave. Austin, TX 78701
NSF: 181,381
Floors: 15 + Plaza level
Acquired: January 2014
Sold: October 2016
Partner: Second City Partners