Prime downtown Austin redevelopment properties for sale by Velocity Credit Union

A prime redevelopment opportunity near the Texas Capitol has hit the market with Austin-based Velocity Credit Union putting properties at 610 E. 11th St. and 705 E. 12th St. up for bids.

Aquila Commercial has the listing for the two parcels, which could be redeveloped as a mid-rise and high-rise mixed-use project.

Currently, Velocity occupies the buildings — named Sabine East and Sabine West — for operational headquarters, back-office staff and a customer branch. Collectively, the properties encompass about 93,000 square feet and include surface parking.

Click to read more at Austin Business Journal.