Intracorp has spent the last year quietly planning a tower for a land assembly within shouting distance of our beloved Austin Convention Center at the southwest corner of East Second and Trinity Streets, containing a hotel and an unknown number of residential units — most likely condos — in a building designed by Chicago-based architects Pappageorge Haymes, also behind the design of the fetching new tower proposed at 80 Rainey Street.
The 0.57-acre site includes Micheladas Café y Cantina — a Tex-Mex joint so mediocre it’s downright upsetting to think about how many convention visitors from around the globe have experienced this style of food for the very first time here — along with a historic house at 307 East Second Street, built at an unknown date but moved to this site in 1928 and most recently used as office space. (Don’t worry, the house in question is being relocated once again to a new location in East Austin.)
Intracorp to sell downtown site where it had pitched high-rise hotel
By Will Anderson – Managing Editor, Austin Business Journal
Oct 12, 2023
A half-block of downtown Austin where a 65-story hotel and residential tower was planned has instead gone up for sale.
Vancouver, Canada-based Intracorp Projects Ltd. is looking to sell the site at East Second and Trinity streets, the Austin American-Statesman reported. CBRE Group Inc. has the listing.
The site could be developed with about 885,000 square feet, according to the Statesman. It's not affected by a capitol view corridor, which limits height in some parts of Central Austin. CBRE notes it can be sold in different configurations including in quarter-block chunks.
Rumor is that Conrad backed out and has been scaling back plans nationwide. But I don't know why they didn't get another hotel operator. Condo sales are still strong, and this is next to the convention center.
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