$44M project set near Parmer

Another dormant office development is coming back to life amidst the vigorous local real estate market.

Koontz McCombs Austin plans to break ground in the first quarter of 2007 on the first phase of its $44 million Park Central office project at the southwest corner of I-35 and Parmer Lane.

The San Antonio-based real estate company will build nearly 230,000 square feet of office space in two separate phases. The plan calls for two three-story, tilt-wall buildings -- each comprising about 114,000 square feet of rentable space. Floor plates will be about 38,000 square feet.