The University of Texas at Austin has broken ground on a 17-story facility for its McCombs School of Business.
The university says Mulva Hall is a $425 million project that will dramatically enhance the McCombs School of Business by creating a “business neighborhood.” The school’s undergraduate classrooms and faculty offices will be relocated to the new facility, which will be adjacent to the school’s graduate and executive education buildings.
About 25% of the UT student body — including more than 6,000 students working toward a business minor — will take classes in Mulva Hall.
The 373,000-square-foot undergraduate facility will have flexible, multipurpose event spaces and 29 classrooms, including a collaborative learning auditorium with room for 200 people, and three specialty educational labs with enhanced technology for experiential learning.
A central office tower will house the dean’s suite, academic departments, research centers, and faculty offices. The building will open to spacious plazas and shared open space with McCombs’ Robert B. Rowling Hall and the AT&T Hotel and Conference Center.
Funding for the constructon comes from a combination of $50 million from McCombs reserves, $225 million financed by the university, and $150 million from McCombs donors. Miriam and Jim Mulva led the donor effort with a $40 million gift in 2014, two years after Jim Mulva retired as CEO of ConocoPhillips.
The building is slated to open for classes in fall 2028.
The architect for Mulva Hall is Perkins&Will.
