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Austin | Third + Shoal (Facebook Tower) | 389' | 29-Stories | Complete 2019


The ATX

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This photo update is courtesy of Gensler.  The parking levels are complete, and the  office levels are underway.   This office tower is going up at the same intersection as the recently completed 500 W. 2nd St. office tower that was largely leased by Google and has become known as The "Google Tower".   A reliable SSP source, AusTxDevelopment, who works in the local real estate industry states that Facebook has pre-leased levels 14 through 23.  So they would get "naming rights" so to speak.  With this tower, Facebook would have substantial office space leased in at least three downtown office towers.  Facebook is rapidly expanding their Austin operations.  Unlike Amazon (and more like Apple), they like to keep their expansions low key. 

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On 9/22/2017 at 10:04 PM, The ATX said:

This newly alleged "Facebook Tower" as seen in this excellent Riverranchdrone from SSP photo is the taller of the two U/C projects in the center of the photo.  The "Google Tower"  is the blue building next to the two U/C towers.

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That's a lot of vertical development in that picture but that electric substation kills the urban feeling (to me). Any plans to remove that?

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That's the last remaining piece of the former industrial area that previously occupied the site.  The expense to move it is significant, and there are not a lot of options of where to move it  to if a transformer farm is needed in the area.  But that piece of real estate will eventually become so valuable that I'm sure a developer would happy to cover the cost of moving it.  

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5 hours ago, KJHburg said:

How many people do you think Facebook employs in Austin in all these office locations?  

They are probably only around 1K now.  But the amount of space they are leasing indicates that they are planning for a significant expansion.  Facebook, Amazon and Indeed are leasing up significant amounts of office space. 

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