AUSTIN, Texas — Plans to transform part of Lady Bird Lake could soon be a reality.
Community Impact reports that, right now, the City of Austin is considering Endeavor Real Estate Group's proposal to build on land located at 305 S. Congress Ave. The spot is currently home to the Austin American-Statesman's building, part of the Ann and Roy Butler Hike and Bike Trail and an unofficial viewing area for the bats under the Congress Avenue bridge.
According to the Community Impact report, the redevelopment of the property – which has been in the works for years – is appraised at more than $74 million and includes more than 3.6 million square feet of residential, retail, office, hotel and restaurant space.
Under the proposal, the Statesman campus and waterfront trail would be razed and replaced with high-rises, bike and pedestrian pathways, parkland and more. The report states that an eastern extension of Barton Springs Road and a link to the future Project Connect transit station are also included in the proposal.
Read Community Impact's full report to learn more about the proposal.
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