Developer of Hudson Yards in NYC eyeing site in downtown Austin, sources say
https://www.bizjournals.com/austin/n...ges-hands.html
Parimal M. Rohit – Staff Writer, Austin Business Journal
"The developer of the massive Hudson Yards project in New York City has agreed to acquire a ground lease at the intersection of Third Street and Congress Avenue in downtown Austin, potentially leading to a skyscraper development, according to sources close to the matter."
"New York-based The Related Companies LP on Dec. 2 entered into an agreement with Cypress Invest, an affiliate of Austin-based Cypress Real Estate Advisors Inc., to acquire the ground lease at 101 W. Third St., a parking lot just north of The Austonian condo skyscraper."
....."The deal could still take months to finalize, and there is still a chance it does not happen. If it comes to fruition, the parking lot could be turned into a massive tower. The site is zoned up to 1.3 million square feet of development, a source said."