Land purchase paves way for tall Independent
The developers are touting the 58-story Independent as "the tallest residential tower west of the Mississippi." The Austin Business Journalreports
Demolition and site work begin this month.
In 2010, the City of Austin and Constructive Ventures entered into a master development agreement for the sale and redevelopment of the full city block, the former site of the Austin Energy Control Center. The economic development department led the project on behalf of the city.
Completing the land acquisition is the final step in the predevelopment process. The development team has engaged Balfour Beatty Construction as general contractor, and the project has secured construction financing.
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