The remainder of the downtown block surrounding the Austonian has been purchased from the Nalle family by World Class Capital Group. There are no immediate plans for the site.
“The site that was purchased — about 1.3 acres — is bounded by Congress Avenue and Second, Third and Colorado streets. It includes a surface parking lot along with the land and building that house the Austin Children’s Museum, which will be relocating to the Mueller development in Northeast Austin, and Compass Learning.” – Statesman
WCCG has acquired several premiere downtown sites over the past couple of years, including Katz Deli, Spaghetti Warehouse, and the warehouse at 97 Trinity (across Cesar Chavez from the Convention Center).