LA developer turning condos into office, residential towerLA developer turning condos into office, residential towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=234102019-11-06T06:00:00Z2019-11-08T23:00:00Z

​​​Rendering of 1.7 million sf development from Karlin/CBRE marketing brochureAUSTIN – Los Angeles-based Karlin Real Estate has purchased the 112-unit Railyard Condominiums at 201 E. Fourth St. for $104 million.

The 70,694-sf, two-block site will be redeveloped in​to a 1.7 million-sf campus with a 47-story office tower and a 51-story office and residential tower. 

The $1,471 per-sf deal is believed to be a record for downtown land.

The Railyard was built in 1983 as an apartment complex and converted to condominiums in 1999.

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