„ 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. The facilities commission pegs the “replacement value” of the 419,000-square-foot Hobby building at $152 million, an estimate that doesn’t include the value of the lot or take into account the possibility of a bidding war.„
https://www.statesman.com/story/news/loc...office-building-hot-property/5587000007/
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https://austin.towers.net/heres-how-downtown-austins-block-sized-hobby-building-could-redevelop/
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