AISD has announced that it is putting it’s 5-building 128,000 square foot downtown headquarters on the market for $32M. The building could easily be converted to commercial and retail use.
The headquarters building has long created a void on sixth street where its retail-less ground floor occupies a critical block just west of Lamar. The building goes through the block to fifth street.
AISD has decided to sell the buildings to help close a large budget gap. The value of the building has appreciated significantly over the last decade and provides an opportunity for the district to use the gains to close the budget gap without having to cut educational programs. The district has stated that they will only sell the building at the right price.