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Downtown Austin tract sold for Waller Creek developmentDowntown Austin tract sold for Waller Creek developmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17482015-02-13T09:03:00Z2015-02-13T00:00:00Z

AUSTIN - The developers of a proposed downtown Austin development have purchased more land that could allow their project to grow to 2 million sf of development.

New York-based MG Properties and The Sutton Co. purchased a 1.4-acre tract at E. Cesar Chavez St. and Red River St., along the banks of Waller Creek. The land is across from the three-acre site the group already owns.

The new site provides an additional 607,640 sf of development, which potentially could be used for a second phase, said Mac Pike, chairman of the Sutton Co.

Construction is expected to start this summer on the larger site, where three buildings are still planned, according to Pike.

Austin American-Statesman
Austin-Round Rock
Land
http://www.mystatesman.com/news/business/more-land-purchased-for-waller-creek-development/nj8y9/#020bf0b7.3380261.735641Read more at {Source}

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