AUSTIN, TX—McCourt Global, which was founded by developer and sports entrepreneur Frank McCourt Jr. and his sons Drew and Travis, is said to be partnering with Austin-based Sutton Co. to take over the Waller Center project. The $500 million mixed-use complex, located near Cesar Chavez and Red River Streets along Waller Creek, will be developed under a new name, according to a recent report in the Austin Business Journal.
The amount of McCourt's investment was not disclosed, the Journal said. The land needed for the for high-rise was purchased from Austin businessmen Robert Knight and Perry Lorenz on March 18.
This is McCourt's first investment in Austin.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
