Sunday, November 1, 2009

New mixed-use project planned for downtown Austin

From: AustinAmericanStatesman.com
By: Shonda Novak // October 8, 2009

A South Texas developer is proposing to build a 12-story building with apartments, offices, shops and a white-tablecloth restaurant near the Capitol.

Palmco, Inc., a developer and builder with offices in McAllen and Austin, wants to build Capitol Terrace at the southwest corner of Lavaca and 14th streets.

It would have 30 upscale apartments, aimed at lobbyists and others with business at the Capitol or state agencies, as well as five floors (61,000 square feet) of office space, said John Donisi, an attorney and partner with Drenner & Golden Stuart Wolff LP.

The firm is representing Palmco in its request for a zoning change to build a larger, taller building than city rules allow.

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