I'm just going by what's in the Statesman.
Quote:
The latest project is even more ambitious than one Sutton announced last year on a nearby site in the Rainey Street area. There, they proposed building two mixed-use towers, each rising as high as 50 stories. However, that project will not go forward, as the 2 acre site was sold in December to an subsidiary of the Houston-based Dinerstein Companies, according to Travis County deed records. Dinerstein is a large real estate development company that builds apartments and student housing projects across the country. Dinerstein officials were not available for comment about their plans for the site.
Pike said the sale of the Rainey Street site in part enabled the Sutton Co. to pursue the proposed Waller Creek project.
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I'm interpreting that to mean Sutton sold the land they had to a completely different developer to pay for the land they bought and the land that was was sold to Dinerstein is much smaller because that's the kind of project Dinerstein does. I could be wrong, though.