The building is located in Zydeco Development Inc.'s 193-acre Met Center project. Zydeco will complete the building shell later this year, and ERCOT will finish out the space and move in by early next year. According to officials, ERCOT is one of nearly a dozen regional reliability councils in North America that could be called upon to regulate most of Texas' power in the event of an emergency. The nonprofit organization's members include retail consumers, electric utilities, rural electric co-ops and independent power producers.
One of the reasons ERCOT selected Met Center was to be near Austin-Bergstrom International Airport, making it easier for members to travel to meetings, brokers say. Zydeco Development originally intended to lease the 45,000-sf structure to a mixture of smaller tenants, but instead inked deal with ERCOT.
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