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Developer Buys Prime Land, Seeks Investors for Proposed High-Rise Near Texas Capitol

Stratus Properties To Develop 400-Foot Tower in Austin
Stratus Properties bought the land along West 12th Street between San Antonio and Guadalupe streets in downtown Austin, Texas, to build an apartment and retail tower. (Stratus Properties)
Stratus Properties bought the land along West 12th Street between San Antonio and Guadalupe streets in downtown Austin, Texas, to build an apartment and retail tower. (Stratus Properties)
CoStar News
September 8, 2021 | 8:10 P.M.

A local developer is banking on Austin, Texas, by buying a prime parcel near the state Capitol to build a luxury apartment and retail tower that won't have to follow restrictions that some competing projects adhere to.

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News | Developer Buys Prime Land, Seeks Investors for Proposed High-Rise Near Texas Capitol