Posted Mar 18, 2013, 8:40 PM
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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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"Boo" I was hoping for more density and height there.
http://www.statesman.com/news/busine...ongress/nWwdm/
Quote:
Posted: 2:17 p.m. Monday, March 18, 2013
Buyer in place for high-profile Sixth and Congress property
Portfolio anchors iconic downtown corner
By Shonda Novak
American-Statesman Staff
Stream Realty Partners has a contract to acquire a prime block on Congress Avenue between Fifth and Sixth streets, Lance Sallis, a partner in the Austin office of Stream Realty, told the American-Statesman in an exclusive interview. Stream Realty is a national real estate services, investment and development firm.
The Bank of America tower will remain as is, Sallis said. However, an adjacent annex at 501 Congress will be remodeled into a contemporary five-story building with 112,000 square feet of first-class office space and a rooftop deck. An existing valet parking garage will be torn down and replaced by an eight-story parking garage with 300 spaces. That garage structure will also include 5,500 square feet of street-level retail space, Sallis said.
Another parcel — a half block site on East Fifth Street between Brazos and San Jacinto — will be sold once Stream closes on the purchase. Sallis said there’s been interest from developers looking to build hotel, apartment and mixed-use projects there.
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