Found 2 blog entries tagged as business district.

Mikala Compton

Austin American-Statesman reports, "the new year will bring new skyscrapers to downtown Austin.

In the past two decades, downtown has seen an unprecedented high-rise building boom that has transformed the city's central business district with towering condominium, apartment and office buildings along with hotels and scores of new shopping, dining and entertainment options.

Even as downtown's office market has languished as remote work has taken hold since the coronavirus pandemic, people still want to live in the center of the action, and that's keeping downtown's housing, retail and restaurant sectors bustling.

“With falling interest rates and strong population/job growth, I am quite optimistic that the downtown Austin condo market will see…

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In a wild twist, one of the nation’s most prolific developers has emerged as the frontrunner to buy out of bankruptcy a six-acre South Congress Avenue site primed for redevelopment.

After the top two bidders for the South Congress site proved either unwilling or unable to timely close on the sales, The Related Companies LP, a New York-based developer with an estimated $60 billion portfolio, negotiated with a Chapter 7 trustee to make a $65 million offer.

Related was approved by a bankruptcy judge Sept. 15 to purchase the site for $65 million, provided it can close on the deal by Sept. 30.

An attorney representing the company, Josh Judd of law firm Andrews Myers PC, told ABJ Sept. 16 that his client is "not anticipating any problems" closing…

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