Former LA Dodgers owner to back new skyscrapers in Austin

Mar 24, 2014
Austin Business Journal

What may be one the most ambitious real estate projects ever built in downtown Austin is a step closer to reality with the announcement Friday that a significant New York and Los Angeles-based company will help bankroll the project


McCourt Global, which was founded by developer and sports entrepreneur Frank H. McCourt Jr. and his sons Drew and Travis, is partnering with Austin-based Sutton Co. to build what was previously known as Waller Center, a $500 million mixed-use project near Cesar Chavez and Red River Streets along Waller Creek


The project will be renamed at some point and for now will be known as the Waller Project, according to a McCourt company spokesman


The amount of McCourt’s investment was not disclosed. However, the three acres needed for the high-rise project along Waller Creek south of Cesar Chavez was purchased from prominent Austin businessmen Robert Knight and Perry Lorenz on March 18


Included in the project will be 1.4 million square feet of office space, apartments, condominiums, a hotel and retail space


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