All in the family: Austin American-Statesman sells property | All in the family: Austin American-Statesman sells property | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11526 | 2015-12-16T06:00:00Z | 2015-12-16T17:00:00Z | AUSTIN - The Austin American-Statesman is selling its prime waterfront property to a family entity associated with Cox Enterprises, the privately held company that owns the Statesman, the company announced. The 18.9-acre property is located on Lady Bird Lake at 305 S. Congress Ave. Real estate experts say the transaction could put the site in play for a large-scale, mixed-use development. "It's pretty clear that, by selling it to family members, they are positioning the site for future development," said Victor Young, owner of Greenbelt Commercial LLC, an Austin-based commercial real estate firm. Cox Enterprises, based in Atlanta, has owned the American-Statesman since 1976 and will continue to own and operate the newspaper, its websites and other media businesses. "The Statesman will remain a part of Cox Enterprises, is not for sale and will continue operating at this location," Statesman Publisher Susie Gray said in an email to employees. | Austin American-Statesman
| Austin-Round Rock
| Land
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