[Urbannizer]

In a twist, NY developer approved for $65M purchase of prime South Congress property with redevelopment potential

The Related Cos. has until Sept. 30 to purchase six-acre South Congress Square site out of bankruptcy; just the tip of the iceberg for firm's Austin ambitions.

The Congress Square office building at 510 S. Congress Ave., home to dive bar Ego's, is among the properties that New York-based real estate giant The Related Cos. appears on the verge of scooping up.