The first steps to redeveloping the the Austin American-Statesman’s prime downtown waterfront property are underway.
Today, the owners of the property announced they were soliciting mixed-use redevelopment proposals from qualified developers for the 18.9-acre South Congress Avenue site on the southern shore of Lady Bird Lake, the Statesman reports. The request for qualifications was sent Monday by Austin law firm Armbrust & Brown LLP.
The land represents one of the highest-profile redevelopment possibilities in town. The Travis Central Appraisal District values the property at $39.8 million.