Posted Sep 15, 2015, 6:57 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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http://www.statesman.com/news/busine...-austin/nnfkb/
Quote:
Financing confirmed for tower planned to be Austin’s tallest
10:41 a.m. Tuesday, Sept. 15, 2015 | Filed in: Business
Los-Angeles-based CIM Group said today that it has joined The Independent — the planned residential tower slated to become Austin’s tallest building — as an investor and co-developer, setting the stage for construction work to begin in November on the project.
CIM, a real estate investment group with growing assets in the Austin market, will team with Aspen Heights and Constructive Ventures in developing the proposed 58-story tower at West Third Street and West Avenue.
The deal is anticipated to close in early November. Construction activity on the site will begin shortly thereafter, starting with the demolition of the former Austin Energy Control Center structure on the property, Lorenz said.
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