[Urbannizer]

Originally Posted by ILUVSAT

Tower 5C has changed...it's now a 50-story office/residential tower.

https://www.stonelake.com/images/new...in%20Texas.pdf

An affiliate of Stonelake Capital Partners (“Stonelake”) announced that it has acquired the 0.5-acre site located at the southeast corner of W. 5th Street and Colorado Street in Downtown, where it plans to develop a 50-story tower totaling approximately 465,000 rentable square feet of residences and Class-AA office space. The working name for the development is “5th & Colorado” with full branding and identity to be announced at a later date. The purchase of the land closed in September 2020 for an undisclosed price.

Initial plans for 5th & Colorado call for 318 residences above 100,000-sf of office space. Typical residential floor plans will average 1,150-sf and office floor plates will total 20,000-sf around a central core. 5th & Colorado will feature four (4) residential and office amenity levels including two (2) sky lounges on levels 49 and 50. Separate ground floor lobby entrances and elevator banks will provide distinction for each the office and residences while activating both sides of 5th Street and Colorado with a lively streetscape.

Stonelake has engaged Ziegler Cooper Architects to design 5th & Colorado and Harvey Builders as general contractor. Garza EMC is handling civil engineering. Stonelake will own 100% of 5th & Colorado without an outside equity or development par partner. Construction commencement is tentatively set for Q1 2022 with completion expected early 2025.