x
Breaking News
More () »

Austin's Leading Local News: Weather, Traffic, Sports and more | Austin, Texas | KVUE.com

Downtown Austin high rise for sale could break price record

Third + Shoal Tower could break the record for the highest price-per-square-foot piece of real estate.

AUSTIN, Texas — An office building for sale in Downtown Austin could break a record once it's sold.

The Third + Shoal Tower on Nueces Street is for sale, and according to our partners at the Austin American-Statesman, real estate brokers expect the 29-story building to sell for roughly $700 per square foot.

RELATED: 

$200 million Domain-like development coming to Round Rock

New tower to add 2 hotels, nearly 280 apartments to Downtown Austin

That would put the price tag for the tower at $260 million and it would break the record for the highest price-per-square-foot piece of real estate in the Downtown Austin area.

The high rise is also the site of the former Austin Music Hall.

RELATED: 

New office development coming to East Austin on Cesar Chavez

Five new buildings will soon go up in Downtown Austin

'Austin Proper' hotel set to open in June