The University of Texas is sitting on the most desirable parcel of land in Austin, known as the Brackenridge tract. 345 acres that includes miles of lake frontage and a golf course. For years this land has been home to affordable housing for UT graduate students. If they are talking about doing anything, then they are talking about redevelopment. UT Regents have already made it clear that any redevelopment must be profitable. This rules out a big, central park style, green space and presumes a mixed use development. [more]
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.
Villa Muse – Town Hall Meeting
Wednesday, 6:00pm at the Scottish Rite Auditorium (18th and Lavaca)