The venue has a251-room W Austin Hotel and is home to Austin City Limits Live(credit: Michael Barera).
AUSTIN, TX—In a transaction that is expected to close in thefirst quarter, Block 21 is expected to sell for $275 million. Block21 is Stratus Properties' wholly owned mixed-use real estatedevelopment and entertainment business located in downtown.
In Block 21, Stratus created one of the most unique venues inthe country by bringing together music, hospitality and business inone location. The venue has a 251-room W Austin Hotel and is hometo Austin City Limits Live at the Moody Theater, a 2,750-seatentertainment venue that serves as the location for the filming ofAustin City Limits, the longest-running music series in Americantelevision history. Block 21 also includes class-A office space,retail space, and the 3TEN ACL Live entertainment venue andbusiness.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
