Regardless of how well or quickly this proposal runs through the entitlement process...if Burns is really going to develop this site into something similar to what is currently proposed, he will require a pretty sound development/equity partner. As this is his first (major) development project, I do not see how he can secure a construction facility for something like this without a big-name, successful development/equity partner.
Or, on the other hand, is Burns trying to maximize his investment and secure the highest/densest possible entitlements to his property and sell it off to someone else (analogous to Tom Stacy's Congress & Sixth tower, Mac Pike's Waller Park Place, and many others)?!?
We shall see...it is a pretty sexy looking tower!
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AUSTIN (City): 979,882 +1.87% - '20-'23 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,495,295 +4.23% - '20-'23 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
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