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Developer Buys Downtown Austin Property Prime for High-Rise Project

Cielo Property Group to Transform Condos in Texas State Capital
Cielo Property Group could redevelop these condos into a high-rise project in downtown Austin, Texas. (CoStar)
Cielo Property Group could redevelop these condos into a high-rise project in downtown Austin, Texas. (CoStar)
CoStar News
January 27, 2020 | 5:49 P.M.

A development firm with several high-profile projects has purchased a prime downtown property in Austin, Texas, for a high-rise development on the heels of starting plans for another skyscraper elsewhere in the central business district.

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