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High-rise development destined for another downtown Austin block

The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives.

A tower could rise somewhere in the 30-story range, with the mix of uses not yet determined, said Rev. Canon Lang Lowrey III, the asset manager for the property who is representing the church in its search for a development partner. The project could include residential, office, restaurant and retail uses, Lowrey said. Lowrey said the church hopes to break ground in 2018.

Block 87 is in a part of downtown that is undergoing rapid change. New hotels have cropped up; a medical school has opened; a teaching hospital under construction; improvements to Waller Creek and Waterloo Park in the works; and the University Medical Center Brackenridge is slated for redevelopment.

Click here to read the original article: High-rise development destined for another downtown Austin block Austin American Statesman 4-24-2017

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