$500M investment may yield two new downtown towers

Stacy’s company, T. Stacy & Associates Inc., and Walton Street Capital now plan a 500,000-square-foot office and retail tower at 501 Congress that would be slightly taller than the 26-story Bank of America Center building the partnership owns at 515 Congress next door. The group is also plotting a hotel and condo tower at the corner of Brazos and Fifth streets that would rise more than 800 feet, making it by far the tallest building in Austin and the sixth-tallest in Texas.

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Villa Muse – Town Hall Meeting

Villa Muse – Town Hall Meeting
Wednesday, 6:00pm at the Scottish Rite Auditorium (18th and Lavaca)

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villa muse

New South Congress apt-to-condo conversion

“Austin developer David Kline is transforming a South Congress apartment complex into affordable condos.” In the development world you can build new or convert existing space. Conversions can be far less expensive than building new and developers can therefore offer the condos at a lower price.

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Post Office – future location

Local developer Taylor Andrews recently updated the Downtown Austin Alliance on the status of the Post Office relo. He announced that the Post Office, currently located at 6th & Guadalupe, will relocate to 9th & Red River – a property the Post Office currently owns. This will make room for the proposed Block 52 development by Novare/Andrews Urban.

post office current site

post office future site