A New York investment firm said Thursday that it has signed on as a financial backer of one of the most ambitious projects ever planned for downtown Austin, a move the developer said puts the $400 million project on track for a fall groundbreaking.
McCourt Global told the American-Statesman that its real estate venture, McCourt Partners, teamed with Austin-based developer the Sutton Co. to buy 3 acres along Waller Creek for the project, which envisions three skyscrapers, the tallest of which could be more than 50 stories. About 1.4 million square feet of development is envisioned for the project, which is tentatively being called Waller Creek Center. The development would include offices, apartments and condominiums, a hotel, shops and restaurants.
The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers