Cielo buys downtown Brazos Lofts for redevelopmentCielo buys downtown Brazos Lofts for redevelopmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=237132020-01-15T06:00:00Z2020-01-16T20:00:00Z

Street view of Brazos Loft at 411 Brazos St.AUSTIN – Cielo Property Group has purchased Brazos Lofts at 411 Brazos St. for future redevelopment.

The new owner plans to build an 885,200-sf high-rise tower on the .81-acre site at the southeast corner of Brazos and Fifth Streets.

According to Towers Austin, the property was purchased for $55 million.

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​​Source: Austin ​Business Journal​

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