Another high-rise development is destined for yet another downtown Austin block.
The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives.
Cielo Property Group, a commercial real estate investment and development firm, released conceptual renderings of what a mixed-use project might look like on the site, known as Block 87 and bounded by Seventh, Eighth, Trinity and Neches Streets.
A tower could rise somewhere in the 30-story range, with the mix of uses not yet determined, said Rev. Canon Lang Lowrey III, the asset manager for the property who is representing the church in its search for a development partner.