Financing confirmed for tower planned to be Austin’s tallest
Austin American-Statesman | Sept. 15, 2015
Los-Angeles-based CIM Group said today that it has joined The Independent — the planned residential tower slated to become Austin’s tallest building — as an investor and co-developer, setting the stage for construction work to begin in November on the project.
CIM, a real estate investment group with growing assets in the Austin market, will team with Aspen Heights and Constructive Ventures in developing the proposed 58-story tower at West Third Street and West Avenue.