Posted May 24, 2012, 6:22 PM
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Meh
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Join Date: Jul 2001
Location: there and back again
Posts: 57,324
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The article includes a nice aerial photo and map showing the site in relation to downtown.
http://www.statesman.com/news/local/...r-2372704.html
Quote:
Austin weighing changed deal to develop downtown water plant site
By Sarah Coppola
AMERICAN-STATESMAN STAFF
Updated: 10:43 p.m. Wednesday, May 23, 2012
Published: 10:37 p.m. Wednesday, May 23, 2012
One of the biggest downtown Austin developments ever would take shape on a valuable city-owned block over the next several years under a deal the City Council will consider today.
The council will decide whether to sell the former home of the dismantled Green Water Treatment Plant to Trammell Crow Co. for $42.4 million to turn into a $500 million mix of stores, restaurants, offices and housing.
It has said it plans to build 1.75 million square feet, including two towers, each at least 30 stories tall, with 826 apartments; a 17-story hotel; a 28-story office tower; and 82,000 square feet of retail.
Nearly 1,900 people will work at the development when it's complete, and 1,200 will live there, according to city memos. Trammell Crow has offered other public benefits, including money for public art, on-site music programs, and discounted office space for nonprofits.
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