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Austin scopes out ambitious mixed-use hub from New York developer
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Downtown Austin redevelopment plans may be thwarted by historic zoning
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Massive redevelopment of Statesman site makes it to Austin Planning Commission
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A 22-story building that has stood as a landmark on Congress Avenue and Cesar Chavez Street for more than three decades has a new owner.
Carr Properties has acquired 100 Congress, an office building with nearly 420,000 square feet that overlooks Lady Bird Lake. The price was not disclosed.
The building is valued at $292.8 million by the Travis Central Appraisal District.
With the purchase, Austin becomes Carr s third market. The company is headquartered in Washington, D.C., and it expanded to Boston in 2018.
“We are very excited to expand into Austin, a vibrant innovative market poised for long-term growth with rapid demographic, economic, and market momentum,” Oliver Carr, CEO of Carr Properties, said in a news release. “Austin’s economic drivers of tech, government, and education will be a strong strategic complement to our existing portfolio.
Carr Properties buys 100 Congress tower in downtown Austin - Washington Business Journal
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