The building that is the former home of Texas Discount Furniture on North Lamar Boulevard will be turned into the headquarters for Red Velvet Events after the Austin-based company announced the acquisition of the space earlier this week. Red Velvet Events, a Global DMC Partner, finished its hunt for larger office space in late 2016 with the purchase of the 11,579-square-foot space, located at 7121 N. Lamar Blvd. The former discount furniture outlet will be turned into a “creative office space” for the company’s headquarters, according to a Tuesday news release. Owner Cindy Lo’s vision for the building will turn the red brick facade into an all-glass front, and the back parking area, known as “the backyard” will become a workspace. “It’s an opportunity to revitalize an empty building in my neighborhood and truly own the design and feel of my company’s workspace,” Lo said in the news release. “The prominent address on North Lamar is the cherry on top.” According to the release, the company aims to move 25 employees from its current office at Plaza 7000 along North MoPac to the new headquarters by late 2017.