Sale plan could make ‘terrible’ Hobby state office building a hot property
"The 35-year-old William P. Hobby state office building in downtown Austin needs a whopping $50 million in repairs to shore up decrepit plumbing, overhaul electrical systems and patch or replace various other dilapidated components — and that might not even address what some workers there contend is a serious rat infestation.
But it soon could be among the most-sought-after commercial real estate properties in the city....is in terrible shape but the city block it sits on is extremely valuable...The 1
.75-acre full city block, which the state owns in addition to the building, is
outside Capitol view corridors that restrict the heights of some downtown developments, making it potentially a prime location for an office skyscraper, high-rise apartment complex or towering mixed-use project if the building eventually is torn down."
https://www.statesman.com/news/20190...g-hot-property
Ok...this could get interesting maybe the location of our first 1,000 foot tower!