Posted Oct 9, 2009, 3:26 AM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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Quote:
New mixed-use project planned for downtown
By Shonda Novak | Thursday, October 8, 2009, 12:32 PM
A South Texas developer is proposing to build a 12-story building with apartments, offices, shops and a white-tablecloth restaurant near the Capitol.
Palmco, Inc., a developer and builder with offices in McAllen and Austin, wants to build Capitol Terrace at the southwest corner of Lavaca and 14th streets.
It would have 30 upscale apartments, aimed at lobbyists and others with business at the Capitol or state agencies, as well as five floors (61,000 square feet) of office space, said John Donisi, an attorney and partner with Drenner & Golden Stuart Wolff LP.
The firm is representing Palmco in its request for a zoning change to build a larger, taller building than city rules allow.
The developer plans a building with up to 163 feet high, where zoning now limits it to 120 feet.
Pending necessary approvals from the city, Palmco would start construction in the second quarter of 2010.
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