Quote:
Originally Posted by Downtown_Austin
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Novare sold the property to IBC, and reserved the right to purchase back the tower site. IBC has hired Endeavor to act as developer for fee to build a headquarters that is significantly more than a drive through. There was a rendering posted recently on one of the Austin threads, but I could not find it.
The Managed Growth Agreement is needed to keep the site plan alive, but the IBC project will not take 10 years. They are just waiting for the Little Shoal Creek Tunnel project to be done before they can start. If Novare does ever build the tower, they might need the 10 year extension.