In Texas’s Capital – Construction on Many Corners

August 21, 2012

The New York Times published a story in today’s paper that lists several of the residential and commercial projects going up [in Austin], including:

  • Third and Brazos, a 277-unit apartment project near Congress Avenue
  • Gables Park Plaza, a 222-unit, 18-story apartment building overlooking Lady Bird Lake
  • The 1,012-room JW Marriott convention hotel at Congress Avenue and Second Street
  • A 30-story office building going up at Third and Colorado streets
  • The $350 million, 1,000-room Fairmont Austin hotel at the northeast corner of Cesar Chavez and Red River streets

“Austin is the most desirable city in the fastest growing state in the nation,” Nate Paul, president and chief executive at World Class Capital Group, told the Times. “Demand is outpacing supply for nearly every asset type downtown.”