Austin Proposed project: 3 downtown towers, one up to 65 stories
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Two Austin developers are proposing a $500 million mixed-use project downtown that — if it happens — would change the skyline with three new towers, including a high-rise with condominiums and hotel rooms that could become Austin’s tallest building.
Mac Pike and Wally Scott, principals in the Sutton Co., a real estate investment and development company, told the American-Statesman they want to build their project — tentatively called Waller Center — on 3 acres near East Cesar Chavez and Red River streets, along the banks of Waller Creek.
In addition to residential, hotel and office uses, the developers envision shops and restaurants along Waller Creek like those lining San Antonio’s Riverwalk.
The project would be the most significant to date for Sutton, which ushered in a new wave of housing in downtown Austin in the late 1990s when it converted older buildings into lofts and later co-developed the Plaza Lofts across from Republic Square.
More at http://www.mystatesman.com/news/business/proposed-project-3-downtown-towers-one-up-to-65-st/nXdk3/?icmp=statesman_internallink_textlink_apr2013_statesmanstubtomystatesman_launch .
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