Land sale closes for 58-story Austin tower project
Austin-American Statesman | Dec. 2, 2015
Developers have closed on the $14.5 million purchase of nearly 2 acres in downtown Austin where they plan to build what would be Austin’s tallest tower.
The closing on the land from the City of Austin sets the stage for work to begin this month to prepare the 1.7-acre site for construction on The Independent, a proposed 58-story high-rise that would have 370 luxury condominiums priced from about $350,000 to over $3 million.