Prescott Group Launches Overhaul on Capitol-Area Office

Dallas-based Prescott Group will launch an $11 million renovation on its recently-purchased office building at 316 W. 12th St., near the Texas Capitol Building in Austin. Prescott acquired the property, now called Westview, from the Texas State Teachers Association, which had been the owner since 1952.

Plans call for adding a floor to half the building, and expanding rentable square footage by 26,000 square feet. The end result will be 100,000 square feet of renovated Class A space that will be available late next year.

Other changes will include adding amenities such as a fitness facility, building conference room and indoor bike storage, incorporating 2,000 square feet for an on-site restaurant, and modernizing core and shell with new windows and curtain wall, interiors, restrooms and elevators. The owners also are seeking LEED Certification status for the building.

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