Quote:
Originally Posted by AustinGoesVertical
I'd be really surprised if Cielo sold it but then again, the site is very inactive. If I recall correctly, we first thought January demo, then March, then we were pretty certain it would be April 11th. I know these things don't happen overnight (I mean Austin Proper was supposed to break ground in November and that's also when 5th and West was supposed to go vertical. Oh and Hotel Zaza is just about done). Anyway, I don't see why the music venue would close right before a sale, unless some other development is being fast tracked. Why not allow tenant revenue to flow in if it's going to sit vacant.
Solely based on hearing the Cielo CEO speak in a candid setting, doesn't seem like the type of company that pulls a T. Stacy.
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They communicated with the 360 Condos building manager that fencing was set to go up around the site for the start of demo. From what he said, it sounded like the fence should have been up already. There is obviously a delay for some reason. It's only been a couple weeks though. So I imagine the fencing will go up and the demo will begin any day now.