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Trammell Crow Company and MSD Capital Top Out 35-Story Class A Office Tower in Downtown Austin

AUSTIN, TX — Trammell Crow Company (TCC), a commercial real estate developer and investor, and MSD Capital L.P. have topped out 601 W. 2nd Street (formerly known as Block 185), a 35-story office development in Downtown Austin. The 814,081-square-foot Class A building rises 590 feet and, upon completion, will be Austin’s largest and tallest office tower. Construction is expected to be complete by May 2022.

“601 W. 2nd Street represents the final phase of our Greenwater Treatment Plant Redevelopment project in Downtown Austin, which we commenced in 2012,” said Brad Maples, Principal with TCC Austin. “The project has allowed us to work with the City of Austin in reshaping the skyline of Austin’s central business district over multiple years. We are proud to reach this milestone with this final phase and are working closely with our partners to deliver the building in the spring of next year.”

TCC and MSD began construction on 601 W. 2nd Street in January 2019. Pelli Clarke Pelli Architects and STG Design served as the architects for the project. Situated on a 1.26-acre site, the tower features a curved facade that emulates a sail. Programmable outdoor terraces appear on every floor of the building, offering unencumbered 180-degree views of Lady Bird Lake, Austin’s urban green spaces, and the city’s southern districts.

“We are pleased to have partnered with Trammell Crow Company on 601 W. 2nd Street, and we look forward to welcoming our tenants to one of Austin’s most iconic towers," said Cobie Packard, a Partner of MSD Capital and head of the real estate group. "Austin continues to experience remarkable growth, and we couldn’t be more excited to be part of the city’s story through our growing portfolio of investments Downtown, on South Congress, and on Rainey Street.”

"As general contractor of the project, DPR Construction is proud to bring the innovative design of our partners Pelli Clarke Pelli and STG Design to life as the newest iconic landmark of the Austin skyline for years to come,” said Project Executive Andrea Weisheimer. “This milestone is especially notable for the 350 craft workers mobilized on this project, and the over one million hours they have already contributed to topping out this unique tower. As a self-performing contractor, DPR concrete crews achieved this success ahead of schedule while maintaining focus on the highest quality result.”

Building tenants and visitors will have access to the ground-level retail, as well as the city’s numerous offerings, both natural, such as Shoal Creek and the Butler Hike and Bike Trail, and urban, such as 2nd Street retail, Austin City Limits, and dining and entertainment venues.

In addition to 601 W. 2nd Street, TCC’s Green Water Treatment Plant Redevelopment also includes the already completed Northshore, a 38-story mixed-use tower; 500 West 2nd Street, a 500,000-square-foot office building; and Austin Proper, a 244-key boutique hotel.

TCC, founded in 1948, has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. The company employs nearly 625 professionals in the United States and Europe.

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