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Guess which up-and-coming downtown Austin office tower is now almost half-leased?

A worldwide regulation agency has signed a lease within the Republic, a 48-story office tower that is rising simply south of Republic Square in downtown Austin.

It’s a milestone for the constructing, bringing it to almost 50% leased greater than a yr earlier than the high-rise at 401 W. Fourth St. is scheduled to open in mid-2025.

With a new tenant on board, the Republic, a 48-story office tower under construction in downtown Austin, is now about half pre-leased. O’Melveny & Myers LLP, a global law firm, will lease 28,000 square feet of space in the building, which is being built just south of Republic Square.With a new tenant on board, the Republic, a 48-story office tower under construction in downtown Austin, is now about half pre-leased. O’Melveny & Myers LLP, a global law firm, will lease 28,000 square feet of space in the building, which is being built just south of Republic Square.

With a brand new tenant on board, the Republic, a 48-story office tower below development in downtown Austin, is now about half pre-leased. O’Melveny & Myers LLP, a worldwide regulation agency, will lease 28,000 sq. ft of area within the constructing, which is being constructed simply south of Republic Square.

International regulation agency O’Melveny & Myers LLP will lease 28,000 sq. ft of area within the Republic. The constructing, which broke floor in 2022, is being developed by Dallas-based Lincoln Property Co., one of many largest personal actual property corporations within the United States; Dallas-based Phoenix Property Co.; and DivcoWest, an actual property funding agency headquartered in San Francisco.

The O’Melveny regulation agency has greater than 800 attorneys in 18 places of work throughout three continents. Founded in Los Angeles, the agency opened its first Texas office in Austin in 2021 and has continued to broaden in Austin, Dallas and Houston.

“O’Melveny is continuing to expand our presence in the Texas market, and we’re delighted by the welcome we’ve received in the Lone Star State,” stated Teresa Doremus, O’Melveny’s managing director of Global Operations and Real Estate. “Our new, modern, 28,000-square-foot space in the Republic will both accommodate our current Austin team and provide us with needed space for our anticipated growth.”

More: Austin’s boom continues: Work set to start on 48-story downtown office tower

O’Melveny is the second world regulation agency to signal a lease within the Republic.

Kirkland & Ellis LLP has dedicated to occupy 137,000 sq. ft of area. Another tenant can be Austin-based Vista Equity Partners, which has leased 200,000 sq. ft of area.

“National and global professional services firms continue to expand in Austin, and the Republic provides the marquee location and best-in-class amenities these companies seek to help attract and retain top talent,” stated Seth Johnston, govt vice chairman with Lincoln Property.

Designed by North Carolina-based Duda|Paine Architects, the Republic can have views of Lady Bird Lake and can connect with Republic Square Park — the constructing’s historic namesake. In addition to being the one constructing that opens to a full block of park area downtown, each office flooring of the Republic can have a 750-square-foot terrace.

“We’re delighted with leasing momentum achieved at this point in the construction timeline at the Republic,” stated Costa Petrunoff, DivcoWest’s managing director. Petrunoff stated tenants are searching for “the quality and prestige” of the Republic, which has facilities designed by the award-winning Michael Hsu Office of Architecture.

The Republic can have a public plaza with an out of doors bar, together with ground-floor retail area. There additionally can be a locker room and showers, and space for storing for about 350 bicycles.

More: Austin’s downtown keeps ‘blossoming with new towers,’ architect says

A Nineteenth-floor amenity stage can have greater than 50,000 sq. ft of indoor-outdoor area, together with convention rooms, a health middle and spin room, a membership room with a lounge and bar, and an out of doors terrace.

In Austin, Duda|Paine Architects additionally designed Frost Bank Tower, which grew to become a landmark on Austin’s skyline at Fourth Street and Congress Avenue downtown when it opened 20 years in the past. Duda|Paine additionally designed Colorado Tower and 405 Colorado in downtown Austin, in addition to Palisades West off of Bee Cave Road and Capital of Texas Highway (Loop 360).

When the Republic broke floor, Turan Duda, Duda|Paine’s founding principal, advised the Statesman: “It was important for us to design a building that is a singular sculpted form and iconic as a landmark next to the historically important Republic Square.”

“Austin is a city that is seeing exponential growth and the skyline is blossoming with new towers every day,” Duda wrote in an e mail on the time.

More: New 66-story downtown Austin tower nears completion and is the tallest building yet

“Since the building has been pulled back (60 feet) from the street, it has, in essence expanded the park,” Duda wrote. “This relationship to a gracious open space allows for a building that can be viewed in totality from top to bottom.”

At its groundbreaking, Johnston stated the Republic is “prime for new corporate headquarters or companies looking to expand into the Austin market.”

The Republic is a few blocks from what is for now the tallest constructing on Austin’s skyline, the Sixth and Guadalupe tower. The 66-story mixed-use tower additionally was developed by Lincoln Property, partnering in that undertaking with Kairoi Residential.

Lincoln and Kairoi are also creating the 74-story Waterline tower. That constructing, in downtown’s Rainey Street District, will develop into the tallest tower in Austin — and all of Texas — when it opens in late 2026.

More: Work starts on Austin tower destined to be tallest in Texas; project’s name revealed

This article initially appeared on Austin American-Statesman: The Republic downtown Austin office tower is nearly half-leased

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