While not a development downtown, this new luxury hotel should make a significant impact in SW Austin...
Quote:
Construction is due to start Monday on a 9-story luxury hotel that will change the face of a wooded hilltop at a prime Southwest Austin location.
The Hotel Granduca Austin will feature 194 guest rooms, along with massage rooms, a fitness center, pool, a billiards and game room and lush gardens. A paved two-lane entrance road is already under construction at the 38-acre site, which is just north of the building that houses Dimensional Fund Advisors at Bee Cave Road (RM 2244) and Capital of Texas Highway (Loop 360).
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Source:
http://www.mystatesman.com/news/busi...t-austi/nfW9Y/ (paywall, fair use excerpt above)