Two towers that would be among the tallest buildings outside of downtown Austin are being proposed as part of project that envisions bringing 1.6 million square feet of development to MoPac Boulevard and Spicewood Springs Road.
Some area residents oppose the project, which they say could set a precedent for other tall buildings — both along MoPac and elsewhere throughout the city — that would encroach on surrounding neighborhoods.
The developer behind the project is Dallas-based Spire Realty Group LP. Spire’s project is one of several office and residential developments planned or under construction along Spicewood Springs Road.
Real estate experts say the proposed development could set off a wave of development along MoPac.
Spire’s site is a 31-acre tract that now houses Austin Oaks, an office complex with 12 buildings of two to three stories each and totaling 450,000 square feet. Spire is seeking a zoning change that would allow it to construct buildings of three to five stories on the parts of the site closest to residential areas, and, on the parts closer to MoPac, two office buildings that would tower 17 stories each. Height is currently limited to 60 feet on the site.