Another new high-rise - this one a 50-story tower - planned for downtown Austin
Yet another high-rise is planned for downtown Austin, as the area's real estate market keeps booming despite the ongoing coronavirus pandemic.
The new 50-story tower is to be built at West Fifth and Colorado streets, and plans call for a mix of residential and office space. The project is being developed by an affiliate of Stonelake Capital Partners.
The working name for the development is “5th & Colorado.” Stonelake said the proposed project's "full branding and identity" will be announced later. Groundbreaking is tentatively set for the first quarter of 2022, with the tower scheduled to be completed early in 2025.
Stonelake isn't commenting on the project's estimated cost or financing details.
Read more: https://www.statesman.com/story/business/2021/01/29/downtown-austin-office-50-story-skyscraper-residential-5th-colorado/4292254001/
