Quote:
Originally Posted by AusTxDevelopment
I heard a rumor from a couple of different sources that they are trying to sell the land. That would mean no Hotel ZaZa, but it would also mean it gets traded to someone else who might actually build something on it. Just a rumor at this point.
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That is really odd! "Hotel ZaZa Downtown Austin" was a sponsor at several SXSW events this year. However, there is no mention of an Austin project on their website anymore. The developer spent a hell of a lot of money to obtain the current entitlements on this property! I wonder what went wrong.
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AUSTIN (City): 979,882 +1.87% - '20-'23 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,495,295 +4.23% - '20-'23 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
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