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Kilroy Reduces Development Spending, Halting Stadium Tower Project in Austin, Texas

Developer Waits for Motivated Sellers to Come to Market, Lowering Prices
Los Angeles office developer Kilroy said it won't move forward on its Stadium Tower project in Austin, Texas, quite yet. (CoStar)
Los Angeles office developer Kilroy said it won't move forward on its Stadium Tower project in Austin, Texas, quite yet. (CoStar)
CoStar News
October 26, 2022 | 8:47 P.M.

Kilroy Realty, the owner of office and residential properties in California, Washington and Texas, is halting a number of projects as it reduces development spending and holds onto cash to invest when the time is right.

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News | Kilroy Reduces Development Spending, Halting Stadium Tower Project in Austin, Texas