701 Rio, a five-floor property with more than 120,000 square feet of office space, broke ground Jan. 8 at 701 Rio Grande St., Austin. The building will have underground parking, a rooftop terrace, a fitness center and scooter storage. It is expected to be complete in June 2021. Real estate investment manager Barings and B&Z Development partnered on the project, with commercial real estate company JLL serving as the leasing agent. 512-225-2700. http://us.jll.com