Saint Elmo mixed-use project swings to a start in AustinSaint Elmo mixed-use project swings to a start in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105842015-09-21T05:00:00Z2015-09-21T05:00:00Z

​​​AUSTIN - The transformation of 12 acres of South Austin into a trendy mixed-use project dubbed "Saint Elmo" is gaining traction with Prescott Group in Dallas joining master developer GroundFloor Development to create a public market, entertainment venue, creative offices, condominiums and a boutique hotel.

The public market at Saint Elmo — which will break ground in mid-2016 and deliver in early 2018 — will be the centerpiece of the $125 million mixed-use project in a largely commercial area of South Austin.

Saxon Pub — ​​which will create an entertainment venue capable of seating between 300 and 400 guests — is scheduled to be the first element to open in 2017, about a year in advance of the rest of the project.

Saxon Pub will be located on a pad at the entrance on South Congress Ave. along with a boutique hotel, said Brandon Bolin, president and CEO of GroundFloor Development.

Creative office space will occupy about 225,000 sf in two buildings in new ground-up construction.

In addition, the project is slated to have about 50 residential condominiums.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/09/st-elmo-mixed-use-project-in-full-swing-developers.htmlRead more at the {Source}

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