HomeAway Breaks Ground on State-of-the-Art World Headquarters
Schlosser Development Further Expands Downtown Market District


AUSTIN, TX, October 29, 2008 — HomeAway, Inc., the world’s leading vacation rental marketplace, today officially broke ground for its new Gold-level LEED-certified offices under construction at 1011 W. 5th St.
The four-story, 86,000-square-foot mixed-use building is a development of Schlosser Development, and will also house modern home décor store West Elm and other retailers. The project represents Schlosser  Development Corporation’s fourth phase of a five-block area at the intersections of Fifth and Sixth Streets and Lamar, dubbed the “Market District.” The HomeAway office is expected to open in summer 2009.
“We surveyed our Austin-based employees about what area of town they wanted our new office to be located— and an overwhelming majority voted for the Market District location,” says Brian Sharples, CEO and co-founder of HomeAway. “We couldn’t be happier to bring our headquarters downtown, especially to a development that accommodates our tremendous growth and is also so convenient for our team.”

Founded in 2005 with six employees, HomeAway now has offices in four countries and 354 employees, 150 of which are based in Austin. HomeAway tapped Mike Wiley, a real estate broker with Southwest Strategies Group, to find the 51,000-square-foot office space, which more than doubles the size of the current Austin office.

Brad Nelsen of Nelsen Partners designed the 1011 W. 5th St. building while CTA Architects Engineers, a firm dedicated to integrated and sustainable design, is responsible for the interior. The interior architecture is expected to earn the HomeAway office a Gold-level LEED (Leadership in Energy and Environmental Design) certification for Commercial Interior Design.

LEED certification is the building industry’s recognition of sustainability in human and environmental health and is based on meeting/exceeding standards in sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. The HomeAway office's Gold-level certification recognizes a high-achievement of green building, second only to a Platinum rating.

The HomeAway space marks the second collaborative project in the Market District by CTA Architects Engineers and Schlosser Development.

“By developing projects for diverse, locally-owned businesses such as Whole Foods, Pure Austin and now HomeAway, we have seen our vision of a downtown corridor to live, work and play come to life in the Market District,” says Brad Schlosser, president and owner of Schlosser Development. “We’re extremely proud to be a driving force behind the growth of this area.”

Construction of 1011 W. 5th St. is expected to take nine months and employ more than 250 people.

For information contact:
Eileen Buesing
Director of Public Relations
HomeAway, Inc.
Office- 512-493-0375