| The Independent
Austin Business Journal said:Jenga-style condo tower developers purchase downtown land; site work set to start
Dec 1, 2015, 11:19am CST
The Jenga-style high rise known as The Independent, which would bring an unconventional punctuation to the Austin skyline, appears to be set for construction with the announcement Tuesday that the developer has closed on the 1.7-acre parcel of land that had been owned by the city.
Based on the existing government agreement, development partners Constructive Ventures, Aspen Heights and CIM Group paid $14.5 million to the city for the site of the former Austin Energy Center at West Third Street and West Avenue — near the Seaholm and Green Water Treatment Plant redevelopments.
Demolition and site work are scheduled to begin this month. Construction financing has been secured, though no specifics about the source of that loan was disclosed.
Structure Name: Tower Cranes for The Independent
Structure Height: 748
Structure Name: Tower Crane #2 for The Independent
Structure Height: 191
ABJ said:Get Ready to Jenga: Austin's Newest, Tallest Building Sets Groundbreaking
The Independent — the off-kilter-styled luxury condo tower — has a groundbreaking scheduled for Monday, January 11, at the construction site near Third Street and West Avenue.
The $300 million, 58-story structure will be the tallest in Austin when it's completed in 2018. Balfour Beatty Construction has secured the general contractor assignment.