Karlin Real Estate is under contract to buy the Railyard Condos site for $104 million according to the ABJ.
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Karlin declined to comment on its development plans. But the Railyard will almost assuredly be knocked down to make way for a tower or even multiple towers. There are no height restrictions on the site, which is a block away from the Austin Convention Center. A 1.7-million-square-foot campus including an office tower and an office/residential tower has been floated by Karlin for the site, according to a marketing brochure. Those plans could obviously change but represent the potential of this site in the heart of the Central Business District.
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https://www.bizjournals.com/austin/n...ll-likely.html