Austin Business Journal reports, "plans are coming into focus for a new mixed-use tower downtown.
Northland Living, a development arm of Canadian hospitality giant Northland Properties Corp., has revealed new details for its planned condo tower in downtown Austin called Luminary.
The building, which will feature almost 290 condos, will rise on less than an acre at the northwest corner of 14th and Guadalupe streets, where it will stretch 35 stories and 400 feet skyward. It's one of the first local projects by Northland Living, which began establishing a presence in Central Texas in 2023.
The tower will be home to 286 one-, two- and three-bedroom condos, plus 4,800 square feet of ground-floor retail and one level of office space, though square footage of the office space hasn't been announced. There also will be about six floors of parking and an amenity deck with a pool, fitness facilities and indoor and outdoor spaces.
Currently, the Combined Law Enforcement Associations of Texas is located in a building at the 14th and Guadalupe site. The organization will relocate temporarily but move into office space in the new tower when it's completed, according to the announcement.
The price of a condo will range from $600,000 to more than $3 million, according to Northland, and Austin-based Urbanspace LLP is in charge of marketing and sales.
Flintco LLC is the project’s general contractor, Page Southerland Page is designer, Kimley-Horn is the project engineer and Drenner Group PC is providing legal services.
Northland has “acquired several development sites over the years” across the state, Tony Kaleel, president and chief operating officer of Northland Living, previously said. Northland Living was established to focus on mixed-use and residential development in Texas, according to a Dec. 6 announcement. At the time, officials said the company was looking for an Austin office and a market leader.
In addition to Luminary, Northland is planning a mixed-use project on roughly 40 acres along Highway 183 in Cedar Park, beside both the planned Nebraska Furniture Mart and the H-E-B Center, home of the Dallas Stars’ development team, the Texas Stars. Northland Properties and its CEO, Tom Gaglardi, own both of those hockey teams.
Outside of the Austin area, Northland Living owns and controls properties in Dallas.
Northland Properties is the parent company of brands that include Sandman Hotel Group, The Sutton Place Hotels, Revelstoke Mountain Resort, Grouse Mountain, Moxie's Grill & Bar, Shark Club Sports Bar and Grill, Chop Steakhouse & Bar, Denny's Restaurants and Northland Asset Management Company."
Source: Austin Business Journal
Written by: Cody Baird
Published: January 4, 2024
Posted by Grossman & Jones Group on
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