Unit owners at downtown Austin's Brazos Lofts condominiums reportedly signed off last year on a $55 million buyout of the building, and according to information shared with TOWERS by confidential industry sources, the closing and distribution of those funds is anticipated this week in preparation for the site's eventual redevelopment by its soon-to-be new owners, local real estate firm Cielo Property Group.
This low-rise residential building is situated atop a half-block at 411 Brazos Street, entirely outside of any view corridors or other height restrictions -- giving . . .
