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Austin’s second-tallest building?


 

AustinSkyline1

An ambitious high-rise tower that is destined to become the city’s second-tallest building is on the horizon for downtown Austin, the developers told the American-Statesman.

The building, which could soar 50 stories and possibly higher, is planned for a 1.7-acre site at Third Street and West Avenue, just east of the former Seaholm Power Plant that is undergoing a major transformation. The new tower is expected to have 400 condominium units, up to 120,000 square feet of office space and 15,000 square feet of shops and restaurants, said the developers, Perry Lorenz and Larry Warshaw with Austin-based Constructive Ventures.

Construction is due to start in the fourth quarter of 2015, and will take 2 1/2 years to build. Construction costs are likely to top $200 million. Constructive Ventures’ partner in the project is Austin-based developer Aspen Heights, which is about to break ground on an apartment high-rise at Eighth and Nueces streets.

READ THE FULL STORY HERE. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About Gregg Klar (386 Articles)
Austin creates an oasis of desirable communities that are touched by the beauty of it's presence. I'm one resident who considers myself fortunate to be a part of the Austin lifestyle. Combining a passion for my work with love for my community, I've earned my place among Austin's leading real estate professionals. I bring to every transaction a personal touch, innovative marketing techniques and in-depth knowledge of today's complex market to ensure your home sale or purchase is a success from start to finish. Put my team of experts to work for you today

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