Almost two years after it was announced Google would lease the entirety of Block 185 in Downtown Austin, construction on the new building has made significant headway. In drone video taken by Austonia, the 589-foot, sail-shaped structure is starting to take shape.
The new 35-story tower across Shoal Creek will be able to hold about 5,000 people with 793,000 square feet of office space and 1,327 parking spaces on the lower floors with some underground.
In its final form, the building will feature all the standard tech company perks employees have come to not only enjoy but expect. There will be fitness and recreation areas, lounges, kitchen and dining areas, conference centers and a bar.
The upper floors of the new building will be occupied entirely by Google offices, however, the structure will also feature retail businesses on its ground floor, and the lobby will be accessible to the 2nd Street retail and entertainment district.
Outside, the new Google building will have a plaza along Shoal Creek featuring bicycle and pedestrian access connecting to West Cesar Chavez and West 2nd Street.
Rendering of the completed Google tower downtown. (Trammell Crow Company)
Opening its first Austin office in 2007, Google is currently located in a 29-story tower at 500 W. 2nd St., where the tech company leases at least 10 floors.
In January 2019, developer Trammell Crow purchased Block 185 for about $10.27 million after landing on that amount in a 2012 master development agreement. One month later ground broke on the newest addition to Austin's skyline that was leased by Google.
While the company has remained rather silent since the initial announcement two years ago, initial plans for Google to move into the building in 2023 seem to remain on track.
More developments in progress:
An Austin-based firm that’s established itself as one of the top Bitcoin miners in North America is set to go public.
On Thursday, the company, known as Core Scientific Inc., announced it’s now trading on Nasdaq as $CORZ. The stock opened at $9.74 per share then peaked at $10.48. The company was assigned a $414 million market cap.
"As one of the largest publicly-traded blockchain infrastructure providers and digital asset miners in North America, we are focused on growing our capacity, defending and securing the blockchain ecosystem and building long-term shareholder value," CEO Mike Levitt said.
As reported by Yahoo News, investors approved a plan for a public debut through a $4.3 billion merger with special purpose acquisition company Power & Digital Infrastructure Acquisition Corp. The deal arrives as Austin sees its crypto scene soar, with increased activity in the NFT economy and groups pooling their money together through DAOs.
Core Scientific was established in 2017 and relocated its headquarters from Seattle to Austin last year. It has a site in Downtown Austin on 106 E. 6th St. and data centers in Georgia, Kentucky, North Carolina and North Dakota. More than 100 full-time employees are in the U.S., but it's unclear how many are in Austin.
Now, they say they are the biggest Bitcoin miners based on processing power, with claims that the combined mining capacity on the Bitcoin network exceeds that of competitors. And SEC filings from earlier this month show it's in the process of acquiring Blockcap, Inc., which moved to Austin last year.
The company describes itself as a leader in high-performance, carbon-neutral blockchain infrastructure in an industry that catches flak for its energy use.
Aside from mining, the company provides internet hosting services for other large-scale miners. In fact, it derives about half its revenue by helping big customers mine, a quality seen in what’s often referred to as an “institutional-grade” miner.
Looking ahead, Core Scientific seems optimistic about the year ahead even as Bitcoin falls from its all-time high.
“We’ve worked hard to lay the groundwork that will enable us to achieve our 2022 projections,” Levitt told Yahoo News. “Our objective is to be the best. Being the best means doing all that we can for our business, the industry in which we participate and for the Bitcoin network.”
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Watch some Cricket
When: 5:30-10 p.m. Saturday and Sunday
Where: The Crossover, 1717 Scottsdale Drive
What: Looking for a new sport to obsess over? Attend one of Sports Movement’s indoor cricket matches.
Le Garage Sale
When: 11 a.m. Saturday and Sunday
Where: Palmer Events Center, 900 Barton Springs Rd.
What: Find over 100+ boutiques, brands and designers at Le Garage sale. Shop leisurewear, accessories, menswear, children’s apparel, home decor and more. Tickets start at $10.
See a movie at the drive-in
When: 6:25-8:45 p.m., 9:15-10:50 p.m. Saturday
Where: The Globe Drive-In Theater, 8017 Cele Rd.
What: This weekend you can see Harry Potter and the Prisoner of Azkaban at 6:25 p.m. or you can see The Cabin in the Woods at 9:15 p.m. at the drive-in. Tickets cost $16 per car.
Museum of Ice Cream
When: 11:30 a.m Saturday and Sunday
Where: Museum of Ice Cream, 11410 Century Oaks Ter.
What: The Museum of Ice Cream is featuring 12 never-before-seen instillations celebrating the enjoyment of ice cream. View tickets here.
The Austin Flea
When: 12 p.m. Sunday
Where: Meanwhile Brewing, 3901 Promontory Point Dr.
What: Find handmade items, vintage wares, food and drink and more at The Austin Flea at Meanwhile Brewing. Vendors are handpicked for each show to guarantee a great selection of items to shop for.