"Mega-brokerage CBRE is offering the Hobby site to investors and developers on behalf of the state, and the firm has cooked up some marketing materials that show the tremendous potential of the property — it’s a full block completely unencumbered by Capitol View Corridors or other constraints, and could support nearly 2 million square feet of mixed-use development according to these concepts, which show off an eye-popping supertall building containing more than 100 floors:"
https://austin.towers.net/heres-how-downtown-austins-block-sized-hobby-building-could-redevelop/
Paywall:
https://www.bizjournals.com/austin/news/2025/07/16/hobby-building-downtown-austin-ground-lease.html