Posted Sep 11, 2024, 8:42 PM
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Join Date: May 2006
Location: Right here, right now
Posts: 12,787
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This one has been cancelled. The site is now up for sale. From the ABJ:
Quote:
Two tracts on Congress Avenue have hit the market and could be the location of the next sky-high development in downtown Austin.
The two properties — 422 Congress Ave. and 101 W. Fifth St. — currently house the Shiner’s Saloon, and they have major redevelopment opportunities thanks to unlimited height restrictions, according to a property advertisement.
Austin-based hotel developer Merritt Development Group previously aimed to develop the properties, and even though it no longer is involved with them its plans stand as an example of what could be built there. Merritt had planned to build a 36-floor, $170 million hotel at the site.
The two properties are owned by Karlin Real Estate LLC, which declined to comment. Jeff Coddington, capital markets managing director of real estate firm Jones Lang LaSalle, which is advertising the properties, also declined to comment beyond confirming the for-sale status and addresses.
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https://www.bizjournals.com/austin/news/...x_testVariant=cx_21&cx_artPos=0#cxrecs_s
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