Support Us Button Widget

Facebook’s parent company Meta signs historic lease in Austin, TX

building

Standing at 873 ft high, Sixth and Guadalupe will be the tallest building in Austin. | Rendering courtesy Gensler.

Table of Contents

Austin just got weirder, because it’s going to be a part of the metaverse, you know, the virtual world.

Meta Platforms Inc. — the parent company of Facebook that’s based in California — confirmed to the Austin Business Journal that it is leasing all of the commercial space of Sixth and Guadalupe, a mixed-use 873-ft tower that will be the tallest in the city.

What’s the metaverse?

The metaverse is made up of virtual 3D spaces that will allow people to socialize, learn, collaborate, and play beyond imagination. We’ll let Mark Zuckerberg — the co-founder and CEO of Meta Platforms (formerly Facebook, Inc.) — explain in this video.

What you need to know:

  • Meta is leasing 589,000 sqft of office space
  • Leased space spans across 33 floors of the 66-floor tower
  • The lease was signed on Dec. 31
  • It’s the second-largest single office lease in the history of downtown Austin
  • The company is planning to add 400 more employees to its current 2,000 local employee list
  • Construction on the building is planned to wrap up in 2023

If this news has you curious about new major developments, we’ve got you covered. We’re dishing the details on major developments coming to town in this list.

Question

What do you think this means for Austin’s ever-growing tech scene? Meta us know here.


More from ATXtoday
The neighborhood’s model home is now open for prospects to get a taste of ICON’s most luxurious and largest abodes to date.
We’re digging into the historic data on snow in Texas, from annual averages to largest storms.
Bird will also be joined by Madison Cunningham at the seventh annual fundraising concert for the Hi, How Are You Project.
Don’t be heartbroken at the last minute — make your Valentine’s Day plans now.
Get ready to fill up your reusable shopping bags, Austinites. We’ve rounded up ten farmers markets in the Austin area.
Lorne Michaels’ archive of prominent films, the famous comedy sketch show, and early works will go on display this fall.
You’ll never have to deal with a layover again, because these are just a few of ABIA’s nonstop flights, which will take you to over 100 cities in the US and abroad.
Austin’s food + beverage scene is growing — here are a few new restaurants coming to the Capital City this year.
Never again wonder how to browse for cool events in our city or how to upload your own.
The Texas Parks and Wildlife Department purchased a parcel of land adjacent to the park famous for its massive pink granite dome.