AUSTIN | 333 Guadalupe (The Hobby Building) | Redevelopment

„ The 1.75-acre full city block, which the state owns in addition to the building, is outside Capitol view corridors that restrict the heights of some downtown developments, making it potentially a prime location for an office skyscraper, high-rise apartment complex or towering mixed-use project if the building eventually is torn down. The facilities commission pegs the “replacement value” of the 419,000-square-foot Hobby building at $152 million, an estimate that doesn’t include the value of the lot or take into account the possibility of a bidding war.„

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That’s one building?

What could happen here if they destroy everything and a developer buys the whole property? What potential does the whole property have (FAR)?

Supertall?

https://www.bizjournals.com/austin/news/2019/09/12/what-will-become-of-states-decrepit-hobby-building.html


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