[austlar1]

[QUOTE=ahealy;9583922]A bit from the Statesman:

"Developers say they hope to start construction in the next few months on a 74-story tower in downtown Austin's Rainey Street area — a skyscraper that would become the tallest tower in Austin and possibly the tallest in all of Texas,

Lincoln Property Co. and Kairoi Residential are developing the high-rise, which is planned for 98 Red River St., along Waller Creek.

The project's plans call for 352 apartments, 686,000 square feet of office space and a 251-room hotel, said Seth Johnston, a senior vice president with Lincoln Property Co. The hotel brand has not yet been announced.

Johnston said the project planned for 98 Red River has not been officially named yet. More information will be released in the coming weeks, he said.

Johnston said the developers are negotiating a construction loan, but declined to discuss additional financing details or an estimated construction cost for the project. However, a filing with the Texas Department of Licensing and Regulation lists the project's estimated cost at $520 million."[/QUOTENo


No financing in place yet? I don't like the sound of that, especially given the current uncertain state of the economy.