Downtown tower gets new investor, prepares to break groundDowntown tower gets new investor, prepares to break groundhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=140792016-08-05T05:00:00Z2016-08-05T16:00:00Z

​AUSTIN – ​​The 33-story Austin Proper Hotel & Residences will break ground in the next few weeks.

This comes after Goldman Sachs & Co. became a capital partner with developer Kor Group.

Austin Proper will include about 100 luxury condos, which are already for sale, and about 240 hotel rooms. Hotel rooms are expected to come online in 2018.

The project is part of Trammell Crow's larger redevelopment of the former Green Water Treatment Plant near Cesar Chavez and San Antonio Streets.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2016/08/05/with-goldman-sachs-on-board-downtown-high-rise-set.htmlRead more at {Source}

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