Structures has been working hard on the Seaholm project and we are glad that it will be breaking ground soon. The following is an excerpt from a story that ran in the Statesman on Monday.
Seaholm redevelopment ready to break ground at last
By Shonda Novak
It’s been several years coming, but redevelopment work is set to begin on Austin’s former Seaholm Power Plant site, with plans calling for a $100 million mixed-use project that will reinvigorate the area and add millions to the city’s tax base over coming decades.
The project on downtown’s western edge will include a 30-story tower with 309 apartments, a two-story building with a Trader Joe’s store, plus other retail, office and restaurant space.
This week, the city of Austin and the development team it chose for the project eight years ago are expected to sign the document that outlines terms of the public-private venture — a move that will trigger the official launch of construction.
The agreement spells out terms of the developer’s 99-year lease of the decommissioned power plant, and the purchase of two surrounding lots where the apartment tower and low-rise buildings are planned.
To read the article click here.
* STG Design – Artist’s rendering of the planned development at the former site of the Seaholm Power Plant
