Feb 19, 2024
Turnbridge Equities Proposes 825-Unit Tower Development Near Q2 Stadium In Austin
Turnbridge Equities and the Burt Group have set their sights on crafting a 45-story marvel in the vibrant North Burnet neighborhood, overlooking the iconic Q2 Stadium.
Traded Editorial
Turnbridge Equities and the Burt Group have set their sights on crafting a 45-story marvel in the vibrant North Burnet neighborhood, overlooking the iconic Q2 Stadium. This visionary project is anticipated to house approximately 825 modern apartments, adding a touch of elegance and sophistication to the area. Recent reports from the Austin Business Journal indicate that the Austin Planning Commission has wholeheartedly suggested the rezoning proposal to the City Council on Feb. 13. While the date for the City Council's deliberation is yet to be determined, the anticipation and excitement surrounding this potential development continue to grow.
The current site boasts four office buildings spreading over 175,000 square feet, setting the stage for a remarkable transformation. Additionally, a sprawling 8.5-acre plot to the south showcases four commercial buildings along Donley Drive, adding to the grandeur of this ambitious endeavor. The evaluation conducted by the Travis Central Appraisal District has appraised the total value of both properties at slightly below $43 million.
The Vibrant Tapestry of Turnbridge Ventures
Turnbridge is poised to leave their mark across Austin. From the chic CitizenM downtown hotel to the bustling Music Lane development on South Congress Avenue, boasting renowned tenants like Nike, Alo Yoga, and the prestigious Hermes, Turnbridge is set on leading Austin into an innovative built environment era.