Company officials say the Gracy Title Building project, 220 W.Seventh St., has been unable to attract sales necessary to push itahead, according to a published account. The units were beingoffered at $430,000 to more than $1 million. Pre-construction costsreportedly totaled close to $1 million.
The company is csaid to be onsidering a replacement project thatcalls for development of the Sand Beach Reserve at Town Lake andLamar Blvd. That property is owned by Lumbermen's Investment Corp.,which is locked in a lawsuit with the city over the property'sdevelopment.
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