AUSTIN | The Independent | 690 FEET | 58 FLOORS | Complete - Page 53

AustinGoesVertical · #**1041** Posted **Apr 1, 2016, 5:17 AM**

WELL THIS ONE IS DEAD. I spoke to a friend very much in the know. She said the CIM Group from LA that was financing it has backed out under a bogus opt-out clause in the loan agreement. Without that debt facility, she said the project is being scaled back. Just the parking podium for now, with the building "a decade off" or more likely never going forward in the current iteration. But they're going to put a public park on top of the garage and are naming it after some Texan. A woman, named April Fools I think.

The ATX · #**1042** Posted **Apr 1, 2016, 5:31 AM**

Quote:

Originally Posted by AustinGoesVertical

WELL THIS ONE IS DEAD. I spoke to a friend very much in the know. She said the CIM Group from LA that was financing it has backed out under a bogus opt-out clause in the loan agreement. Without that debt facility, she said the project is being scaled back. Just the parking podium for now, with the building "a decade off" or more likely never going forward in the current iteration. But they're going to put a public park on top of the garage and are naming it after some Texan. A woman, named April Fools I think.

I hope they at least increase the height of the parking podium to 20-stories or so for the masses that will going to the new super library and cafe.

resansom · #**1043** Posted **Apr 1, 2016, 1:42 PM**

Quote:

Originally Posted by The ATX

I hope they at least increase the height of the parking podium to 20-stories or so for the masses that will going to the new super library and cafe.

Why stop at 20 stories? I think it's about time we had a world class parking garage in Austin. How many parking garage levels could they get into a 690-foot high tower?

The ATX · #**1044** Posted **Apr 1, 2016, 9:58 PM**

Here's their latest weekly Friday update:

https://www.facebook.com/independent...type=3&theater

the Genral · #**1045** Posted **Apr 2, 2016, 12:37 AM**

Good Lord! Wires, wires everywhere!

drummer · #**1046** Posted **Apr 2, 2016, 1:10 AM**

Quote:

Originally Posted by The ATX

I hope they at least increase the height of the parking podium to 20-stories or so for the masses that will going to the new super library and cafe.

I heard they were going to knock it all down and just have an asphalt parking lot.

Joenaustex · #**1047** Posted **Apr 10, 2016, 6:53 PM**

I walked by there yesterday. Huge pillings (sp?) being assembled. Also West is now open south so cars can access Seaholm. 2nd heading West is open almost to the new bridge to access North Shore. Art walls around the substation have also been installed. I bought on 43rd anyone else?

drummer · #**1048** Posted **Apr 10, 2016, 11:23 PM**

Quote:

Originally Posted by Joenaustex

I bought on 43rd anyone else?

Not me, but you're going to have some amazing views! Congrats.

The ATX · #**1049** Posted **Apr 15, 2016, 9:54 PM**

From today:

https://www.facebook.com/independent...type=3&theater

The ATX · #**1050** Posted **Apr 25, 2016, 8:31 PM**

Their latest weekly update photo:

https://www.facebook.com/independent...type=3&theater

loonytoony · #**1051** Posted **Apr 26, 2016, 8:39 PM**

The tower crane started going up today

The ATX · #**1052** Posted **Apr 27, 2016, 1:29 PM**

Quote:

Originally Posted by loonytoony

The tower crane started going up today

Where on the site is it going up? The photo in the previous post was taken Friday, and it looks like they may have been getting ready to pour the base on the north end of the site. Do you mean the crane base went up, or is the actual crane going up? Either way it's great news because this one will be going up quickly.

loonytoony · #**1053** Posted **Apr 27, 2016, 2:39 PM**

Quote:

Originally Posted by The ATX

Where on the site is it going up? The photo in the previous post was taken Friday, and it looks like they may have been getting ready to pour the base on the north end of the site. Do you mean the crane base went up, or is the actual crane going up? Either way it's great news because this one will be going up quickly.

Right where the fresh concrete is in your picture - center left, directly above the red box. Googling confirmed crane base not tower crane, sorry about that. I got excited what I can I say.