Dive Summary:
- Developer Sutton Company, along with equity partner Klabzuba Realty, is planning a $500 million mixed-use project in downtown Austin, Texas, anchored by three high-rise towers. The tallest of these towers would be the tallest building in Austin, drastically altering the city skyline.
- The skyscrapers will include a 65 story hotel and condo tower, a 35 to 45 story residential tower, and a 17 to 20 story retail and office tower.
- Sutton Company envisions a development similar to San Antonio's Riverwalk, with an additional mixture of shops and restaurants on the site, which sits on the banks of Waller Creek.
- Plans currently call for breaking ground on the towers in mid-2014, pending city approval.
From the article:
"... 'Every project begins with a vision, and this is a grand vision on a great site,' said local real estate consultant Charles Heimsath about the proposed plan to build a $500M mixed-use project downtown Austin. If the plan receives approval from the city, the Austin skyline will change dramatically through the addition of three new towers, one of which could become the city’s tallest building.
Developers Mac Pike and Wally Scott, principals of Sutton Company, revealed they plan to build the project on three acres of prime real estate along the banks of Waller Creek. This could become Waller Center, a trio of towers that includes a residential tower of 35 to 45 stories, an office/retail tower of 17 to 20 stories, and a condo/hotel tower that aims for 65 stories. ..."
