For $350+ million - Austin gets The JW Marriott Austin tower
For ~$350 million - Austin gets The Fairmont Austin & W Hotel & Residences towers
For $400 million - San Diego gets
The Ritz Carlton
PATHETIC!
Not only is the design a million times better, but, it's California - where everything (including construction) is more expensive.
Commercial development costs are about 20% higher in San Diego than anywhere in Texas. So, if this holds true, The Ritz Carlton San Diego mixed use development (as currently conceived) would cost between $320-$350 million to build in Texas.