Commercial real estate company Aquila Commerical announced new ownership and renovation plans for its Millennium Building located at 6504 Bridge Point Parkway, Austin, on Sept. 27. The office building, now called the Pennybacker Commons, will see the addition of outdoor spaces, a tenant lounge, conference facilities and a rooftop deck, according to a press release.

“The Pennybacker Bridge is an Austin icon,” said Seth Stuart, Aquila vice president, adding, “It was important to us to make sure that the new name gave a sense of place and identity to the property.” 512-684-3800.