News on the ground breaking of 360...
From the Austin Business Journal
http://austin.bizjournals.com/austin...ml?jst=b_ln_hl
44-story condo project breaks ground downtown
Austin Business Journal - 2:18 PM CDT Tuesday
Two real estate developers broke ground Tuesday on a new condominium development expected to become one of the tallest structures downtown.
Novare Group Holdings LLC and Andrews Urban LLC are turning dirt on the 360 Condominiums project, which will be a 44-story condominium tower with 432 residential units and about 13,500 square feet of street-level retail space.
The 580-foot-tall tower will be one the tallest buildings in downtown Austin, reaching 65 feet higher than Austin's current tallest building, the Frost Bank Tower.
The project is located on an abandoned parking lot in the southwest corner of downtown at Nueces and Third Streets, near the Austin Music Hall, La Zona Rosa, and Ballet Austin.
It was once set to become a parking garage by Intel Corp. (NASDAQ: INTC) before the company bailed out on its plans for a downtown Austin office complex.