(Read more on the multifamily market.)
AUSTIN-Following its recent acquisition of the 22-acre ConcordiaUniversity campus, a local developer is putting plans on the boardfor a $500-million, mixed-use development. Slated to get underwayin early 2008, the site has been laid out for up to 2.75 million sfof high-density, mixed-use product.
Michael Hooks, vice president of Capmark Finance Inc.'s Austinoffice, says East Avenue Investment Group's plans aren't etched instone yet because no major development can take place untilConcordia University officially moves to its new campus atSchlumberger Ltd.'s former 250-acre campus at 2311 W. Rundberg Lanein northwest Austin. The existing Concordia campus, with its mainaddress at 3400 Interstate 35 North, totals 300,000 sf.
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.
