Posted Mar 2, 2013, 9:14 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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http://www.statesman.com/news/busine...owntown/nWd7L/
Quote:
Posted: 5:51 p.m. Friday, March 1, 2013
Austin firm buys high-profile parcel downtown
By Shonda Novak
American-Statesman Staff
Austin-based World Class Capital Group has made another downtown land purchase, buying the remainder of the block surrounding the 56-story Austonian skyscraper, Austin’s tallest building.
World Class Capital Group, an investment and asset management firm, bought the tract as a long-term investment and “has no immediate plans for development of the site,” Nate Paul, its president and CEO, told the American-Statesman via e-mail. The site is 59,000 square feet, about double the size of the site that the Austonian was built on.
If developed to the density the Austonian was approved for, the site “could exceed 1.4 million square feet of development, making it one of the largest and most dense development sites in downtown Austin,” Paul said.
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