Hotel Van Zandt & The Residences at Hotel Van Zandt

From Urban Austin

San Diego-based JMI Realty LLC announced plans to break ground in 2008 on a $125 million, 29-story boutique hotel and condominium project in downtown Austin's emerging Waterfront District. Kimpton Hotels & Restaurants has agreed to manage the development's 308-room Hotel Van Zandt - which will occupy the building's first 16 floors. Additionally, JMI will be developing 55 luxury condominiums, which will be located on floors 17-29. These units will range in size from 1,450 to 5,200 square feet. Prices start from $500,000 and rise up to $2 million for a penthouse.

The development will be adjacent to High Street Residential Inc's 192-unit, 22-story The Shore condominium project.