AUSTIN-A six-acre site containing the antiquated Green Water Treatment Plant and the Austin Energy Control Center is under contract to a partnership that is planning a $700-million, high-density, mixed-use project. Tentatively dubbed Project Green will be developed by Trammell Crow Co., USAA Real Estate Co. and Constructive Ventures Inc.

Project Green’s development site spans five city-owned blocks: Shoal Creek, Caesar Chavez, Nueces and 3rd streets and West Avenue. About two years will be needed before site work can begin. First, staff from the energy control center needs to be relocated and the Green Water Treatment Plant needs to be decommissioned. The developers plan to buy the land from the City of Austin after the plant is decommissioned.

“The plant is antiquated and the city had to build a new one elsewhere in the city,” says John Heffington, an associate with TCC’s Austin team. “The water treatment facility on that site is not the highest and best use for it.”

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