It's been six years since the announcement of a tower project at 99 Trinity Street in downtown Austin, but landowner WC 1st and Trinity LP has another problem on its hands besides the residential development's seemingly complete lack of progress -- an imminent threat of foreclosure by its lender.
Warehouses have occupied the southeast corner of Trinity and East Cesar Chavez Streets for many years, and remain vacant (aside from SXSW activations) in spite of a local real estate group's 2012 purchase of the property and announcement of a residential tower development here . . .
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