[LoneStarMike]

Originally Posted by MarcusAllen

Any updated pix and news regarding the old Concordia Campus on 38th/ 38 1/2 streets? i know the TX Monthly building went up i think last year, but any other development since that?

Funny you should ask.

Developers to plead guility to fraud charges related to stalled Concordia project
By Shonda Novak
American-Statesman Staff
July 6, 2012

Two former developers have agreed to plead guilty to charges that they fraudulently obtained a $39 million loan to build an office tower on the former Concordia University site north of downtown, U.S. District Court documents show.

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They built only one building — an eight-story, 215,000-square-foot office building — before the project tanked, leaving a large hole in the ground that became a symbol of the ill-fated development. Sarwal once envisioned a $750 million mixed-use project that was to have a hotel, movie theater, residences and shops.

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Most recently, Austin-based Cypress Real Estate Advisors, University Park's main owner, has moved forward with new development — 290 apartment units that are expected to start leasing in the second half of 2013, Cypress officials said.

Cypress plans an additional 650 apartments, about 650,000 square feet of office space and 40,000 square feet of retail.