Renderings emerged Friday of a skyscraper proposed for 600 Guadalupe St. in downtown Austin. Planned to soar more than 60 stories high — perhaps up to 75 — it would be by far the tallest building in the city.

The Lynd Co. of San Antonio and Lincoln Property Co. want to build the mixed-use high-rise on the site of an Extended Stay America hotel, the Austin American-Statesman reports. They plan for 62 stories rising 850 feet, although it could go even higher — into the mid-70 for stories, Lynd CEO Michael Lynd Jr.told the newspaper.

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BY BRANDI SMITH

After 13 years in commercial real estate in Tampa, Florida, Stacey Gilham made a big move; she packed up and headed to Austin, Texas.

“I underestimated the difficulty moving from one major market to another would present,” she says. “I needed a way to get to know the players in the market as well as to better understand the retailers in Texas, which varied greatly compared to where I had come from.”

The result was Retail Live!, a retail CRE trade event, which Gilham founded in November 2011. The first show was held the next August in Austin.

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Number crunchers would look at the proposed expansion of the Austin Convention Center in two ways: debt and taxes. If those were the only considerations, the push to add more than $600 million worth of additional space and amenities may not seem like a slam dunk.

But if the new debt, funded by hotel guests who pay additional room taxes, ushers in a golden age of tourism and bolsters the local economy, wouldn’t it be a wise investment?

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