It was announced in May that Constructive Ventures plans to build 425 new condos in two 400-500 foot towers on an Austin Energy site just West of the 360 condo project downtown. This week, the City council’s draft agenda for the 10/14 meeting includes an agenda item to review the master development agreement for the site.
The new project by the developers of Spring would include 425 condo units and 15,000 square feet of retail in two point towers on a 1.7 acre site adjacent to 360 and the decommissioned Green Water Treatment Plant downtown. The project would cost $220 million and construction would begin in 2013.
According to the Austin Business Journal, “unanswered questions regarding the cost for Austin Energy to relocate its control center from the Seaholm redevelopment area stalled the residential condominium project planned to replace it. Austin City Council members questioned