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 […]
Read more ›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, […]
Read more ›RE Business Online | Dec. 2, 15
CIM Group has funded the acquisition for the purchase of 1.7 acres located at the northeast corner of West Third Street and West Avenue in downtown Austin. The transaction marks a milestone in the development of The Independent, a 58-story, 370-unit condominium tower. The property was acquired from the city of Austin under the terms […]
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