AUSTIN (KXAN) — A prime block of downtown Austin real estate is now up for grabs.
Travis County is now soliciting development proposals for the site that was once proposed as the home for a new Travis County Courthouse. Fifty-one percent of voters decided against the $287 million bond proposal.
The 77,215-square foot site at 308 Guadalupe Street is next to development projects valued at more than $2 billion, making it the most prime, undeveloped block in downtown Austin, the county said.
An added feature for interested buyers: the site is not restricted by Capitol View Corridor limitations.
“In response to our constituents and voters, we are seeking to leverage the potential of this site, steward its value, and ultimately deliver enhanced County services by reinvesting the proceeds into our future Civil and Family Courts Complex,” County Judge Sarah Eckhardt said Monday.
The Travis County Purchasing Agent and CBRE — the world’s largest commercial real estate firm — will host a pre-bid conference on Sept. 21 and invites interested parties to attend.
“We are very pleased to be assisting the County in this important effort and are deploying CBRE’s global transaction marketing resources to execute our scope,” said CBRE’s Project Manager, Peter Jansen.
Proposals are due to the County Purchasing Agent by Nov. 9, 2016 at 2 p.m.