As most of you already know Concordia University will be closing it’s current location at 3400 N I 35 in the next 90 days according to the information obtained from http://www.concordia.edu/relocation/assets/pdf/Update-22.pdf. It will be relocating to 183/620 area and will sit on over 350 acres. So what will happen to it’s current 22 acre location?

Well……..construction for the 750 million dollar East Ave project is scheduled to start later this year. The urban community project has plans to include 1450 residential units, 600,000 sq ft of office space, and a 250 room luxury hotel. The developer, Andy Sarwel, is hoping it will provide an alternative to the shopping, dining and entertainment to downtown Austin. The exciting part about this project is that it will help in Austin’s goal to becoming the “greenest” city. It will utilize the green building principals through land planning, open space preservation and technology.

 Texas Monthly Magaizine has already signed up to occupy the entire top floor (206,000 sq ft) of an 8 story building. This will be Texas Monthly’s first move since it’s current downtown location in which they have been officing since 1989.

 *Source: Austin Business Journal

http://www.bizjournals.com/austin/stories/2008/04/28/daily28.html?ana=from_rss

http://austin.bizjournals.com/austin/stories/2007/06/11/daily14.html?surround=lfn

For more information about the East Ave Project plans please visit www.eastave.net

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