AUSTIN | Avenue Lofts | FT | 54 FLOORS

Marketing materials for the Avenue Lofts site from real estate firm CBRE, which brokered the Wilson Capital acquisition of the property, showed speculative renderings of a tower here that could be built under current entitlements and other restrictions. There’s no indication that Wilson Capital’s tower will look like this, of course, but it’s a wonderful visualization of how much density could fit at this address beyond the current five-story building. Image: CBRE

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Wilson Capital’s purchase of the Avenue Lofts site at the beginning of 2022 was the fourth negotiated buyout we’ve seen in the last few years of an established condo community in downtown Austin with a larger tower project in mind — other recent sales include the Villas on Town Lake, the Railyard condos, and Brazos Lofts.

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