Search
 

CBD Loft Project Positioning for Spring Ground-Breaking

AUSTIN-The 14-story Austin City Lofts is marking its calendar for spring 2002. That's when the CLB Partners project will break ground on the for-sale units just around the corner from one of the city's most popular hamburger eateries.

By Tim Green | Updated on December 09, 2001

AUSTIN-A Dallas developer is on track to move dirt on a high-end loft project in Austin’s CBD in April 2002. The 14-story Austin City Lofts expects move-in will be in late spring or early summer 2003 for residents willing to pay from $272,000 to $1.29 million to live around the corner from Hut’s Hamburgers.

Just last week, the Austin City Council waived up to $202,747 in development fees for CLB Partners Ltd., the developer, because the project fits into the city’s Smart Growth program. The money is a mix of fees for streets and infrastructure improvements, licensing and inspections.

Smart Growth is what has drawn employee-rich operations such as Computer Sciences Corp. to the Downtown, where it is moving into a two-building complex. The program also helped lead Intel Corp. to put an office building a few blocks from the Austin City Lofts project. The CA-based chipmaker, however, halted work on the building earlier this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.