Kairoi Real Estate is asking the city to rezone about 116 acres for the goliath project in East Austin.
. At the end of last year, San Antonio’s central business district included nearly 7.8 million square feet of office space, according to Transwestern, a commercial real estate firm — about two-and-a-quarter times what Kairoi wants to build.
“We are very excited about our project at Bolm Road in East Austin,” said Michael Lynd Jr., Kairoi CEO. “It’s extremely rare to have that much land that close to downtown with tremendous Colorado river frontage. The land has amazing natural attributes, and there is incredible potential to develop a unique mixed use project that embraces nature.
Kairoi doesn’t yet know when construction will be complete, Lynd said in an email. He didn’t respond to a question about the project’s cost. San Antonio developer Kairoi Residential doing a big housing project in East Austin. Itâs currently an industrial site.The 74-story Waterline, under construction at 98 Red River St. near Austin’s Rainey Street bar-hopping district, is expected to be complete. The tower will feature 352 luxury apartments, 700,000 square feet of office space and a 251-room hotel.
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