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Hotel and Residence Project is Within GreenWater Redevelopment

AUSTIN, TX—The 33-story 500,000-square-foot Austin Proper Hotel and Residences combines the benefits of home ownership with the style, services and privileges of a boutique luxury hotel.

Hotel and residential Perched atop the hotel are 99 exclusive for-sale condominium residences and penthouses.

AUSTIN, TX—The 33-story 500,000-square-foot mixed-use project, Austin Proper Hotel and Residences, has received its site development permit and construction is slated to begin in third quarter 2016, with the hotel opening in 2018. The Kor Group has formed a partnership with the merchant banking division of Goldman, Sachs & Co. to join the development team as a capital partner. 

The project is located downtown in the GreenWater redevelopment on Block 188 in the heart of the dynamic second Street District at its intersection with Nueces. The project consists of 244 hotel rooms, multiple dining options by McGuire Moorman Hospitality, more than 12,000 square feet of indoor and outdoor event space, and retail. The property will be managed and branded by the lifestyle hotel operator, Proper Hospitality, and includes interior design by international style icon Kelly Wearstler.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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