Texas Capital Bank is going up in downtown Austin, locking in more than 25,000 square feet at the freshly completed 415 Colorado tower. The bank is taking the entire 17th floor and part of the 16th and plans to move its Austin office and branch out of the San Jacinto Center in 2027. The deal lands a heavyweight financial tenant in the mixed-use high-rise and bumps the project’s office occupancy higher, with local brokers on both sides claiming a solid win for the building.
According to the Austin Business Journal, the lease covers the full 17th floor and a portion of the 16th, and will shift the bank’s existing office and lobby branch out of the San Jacinto Center in 2027. The outlet also reports that the tower’s apartment units are about 86 percent leased and that the office space is roughly 50 percent absorbed following the Texas Capital signing.
Inside the New Downtown High-Rise
Stonelake Capital Partners developed the 47-story tower, pairing roughly 110,000 square feet of Class A office space with about 328 multifamily units, and delivered the project last year, according to Stonelake Capital Partners. Coverage from CoStar highlights that the office floors run from 13 through 18, points to an amenity-heavy package, and notes the development has already picked up local industry recognition.
What the Deal Signals About Downtown Demand
Austin’s office market has been taking on new supply in fits and starts. First quarter 2026 data show that rising inventory pushed vacancy higher while tenants zeroed in on higher quality, amenitized space. That backdrop helps explain why a regional bank would commit to a sizable footprint in a newly delivered tower instead of opting for older product, according to Colliers.
Who Cut the Deal, and What Comes Next
Brokerage briefs list Will Jenkins and Kenneth Aboussie representing the landlord, with Craig Wilson and Randy Cooper of Stream on the tenant side, according to Realty News Report. The lease is expected to anchor a 2027 relocation for Texas Capital’s Austin operations and gives Stonelake fresh momentum as it shops the remaining office space and ground floor retail.
