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McCourt Firm Taking on Waller Plan

AUSTIN, TX—The Waller Center project, a $500 million plan for three high rises, will be renamed as the McCourt Group and Austin-based Sutton Co. are said to have formed a partnership.

By David Phillips | Updated on March 26, 2014

AUSTIN, TX—McCourt Global, which was founded by developer and sports entrepreneur Frank McCourt Jr. and his sons Drew and Travis, is said to be partnering with Austin-based Sutton Co. to take over the Waller Center project. The $500 million mixed-use complex, located near Cesar Chavez and Red River Streets along Waller Creek, will be developed under a new name, according to a recent report in the Austin Business Journal.

The amount of McCourt’s investment was not disclosed, the Journal said. The land needed for the for high-rise was purchased from Austin businessmen Robert Knight and Perry Lorenz on March 18.

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