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Ownership group seeks developers’ proposals for Statesman property

305 S Congress Image courtesy of Xceligent

305 S Congress
Image courtesy of Xceligent

In the first formal step toward redeveloping its prime Austin waterfront site, the family that owns the Austin American-Statesman land announced that it wants to hear ideas from qualified developers who would be interested in transforming the 18.9-acre newspaper site into a large mixed-use project.

The Statesman site, at 305 S. Congress Ave. along the southern banks of Lady Bird Lake, has long been coveted by developers. The solicitation issued, known as a “request for interest and qualifications,” is the first official step toward redeveloping the site, which many in the Austin real-estate community and at City Hall have for some time said is the property’s inevitable destiny.

Cox Enterprises, the Atlanta-based company that owns the American-Statesman, announced in December that a separate entity composed of Cox family members was buying the newspaper land from the Cox corporation, which retains ownership of the newspaper operations.

Click to read entire article: Ownership group seeks developers’ proposals for Statesman property (Austin American-Statesman, 02-08-16)

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