Stream Realty Signs First Tenant at Luxury High-Rise

Baker Botts will occupy 50,000 square feet at RiverSouth, the company’s 15-story signature project currently under construction in Austin, Texas.
RiverSouth. Rendering courtesy of Stream Realty Partners

International law firm Baker Botts has signed a 12-year lease to occupy 50,000 square feet at RiverSouth, Stream Realty Partners’ 350,611-square-foot signature project in Austin, Texas. The agreement marks Baker Botts’ historic move from the downtown San Jacinto Center, a location it has occupied since 1988.

RiverSouth is currently being built at 401 S. First St., on a triangular 1.5-acre tract, at the intersection of Riverside Drive, Barton Springs and South First streets. The luxury office tower broke ground following a demolition event in March this year, and is slated for delivery in 2021. Baker Botts will occupy one-and-a-half floors in the 15-story building, specifically the 12th and 13th floors. The firm has more than 140 staff members in Austin, including about 70 practicing attorneys, who will all move to RiverSouth once it opens.

Plea for sustainability

The office asset is seeking LEED Gold certification, as well as a 3-Star Austin Energy Green rating. The property will be treating 100 percent of the stormwater on-site through rain gardens and green roofs, while HVAC condensate recapture and storage will provide all on-site irrigation.

The amenity package at RiverSouth includes 360-degree panoramic views, bike valet and storage, underground parking and electric vehicle charging stations, a fitness studio with spa-inspired locker rooms and showers, a ground-level restaurant and shopping area totaling 37,000 square feet, a green roof and amenity deck on the 7th floor, as well as a rooftop lounge overlooking Mathias shores, Lady Bird Lake and downtown Austin.