The Texas Lottery Commission plans to vacate its current headquarters at Grant Plaza in the 600 block of East Sixth Street, according to city documents issued earlier this month. Empire Square Group , a boutique private equity firm that owns the plaza, will lose its main tenant in the move. According to the landlord’s portfolio description, the commission occupies 92 percent of…
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Austin real estate news combined with editorial and opinion.
Details Arrive on 44-Story Tower Above Sullivan’s at 3rd and Colorado
A 44-story mixed-use tower will rise at the corner of Third and Colorado Streets, according to new city documents. Known only for the moment as Third and Colorado, this Riverside Resources project will go up at 300 Colorado Street, a corner currently occupied by Sullivan’s Steakhouse. According to documents filed with the city’s Design Commission, the tower, designed…
Canopy by Hilton Boutique Hotel Headed to West Sixth Street
According to permits filed with the city today by engineering firm UDG, a new boutique hotel concept with a ground-floor restaurant will soon take shape at 612 West Sixth Street. The permit is filed under the name Canopy by Hilton, the 12th hotel brand of Hilton Worldwide first launched in 2014. Canopy is described as a…
Plans Revealed for 2 Towers in Downtown’s Capitol Complex
It has been 15 months since the Texas Facilities Commission approved the 2016 Texas Capitol Complex Master Plan , and the concepts unveiled at the time were of a stunningly ambitious, years-long project that would extend the Capitol Complex north by four blocks, incorporating along the way many mixed-use structures, a pedestrian-friendly “Texas Mall” and a massive underground parking system. The TFC recently set…
Rise Apartments Converting to Wyndham Vacation Property
Early this year, news broke that Rise on 8th, a 22-story multifamily apartment tower at 805 Nueces Street, was sold less than a month after its completion. 54 Madison Partners purchased the property from original developers Aspen Heights Partners with the rumored intent of converting the building’s units to timeshare-style vacation rentals. Now, new city filings for the property confirm that theory, revealing Wyndham Worldwide as…
308 Guadalupe, Downtown’s Next Tallest Tower?
Ever since Travis County abandoned its unpopular proposal to construct a new civil courthouse downtown at the city-owned 300 block of Guadalupe Street and announced its intent to sell the parcel off to a private developer, the rumor mill’s been running wild. Even before that, almost a decade ago, this site was slated to be the headquarters of Austin Museum…