A $350 million hotel to be built at the northeast corner of Cesar Chavez and Red River streets will boost the landscape of downtown Austin.
The 50-story Fairmont Austin will rise 580 feet, making it one of the tallest structures on the downtown skyline, second only to The Austonian The AustonianLatest from The Business JournalsTranswestern refinances Austin’s tallest downtown towerAustonian owners refinance the high-riseJournal Profile: Andrew WestmorelandFollow this company .
The project, developed by Manchester Texas Financial Group LLC, will be managed by Fairmont Hotels & Resorts Fairmont Hotels & ResortsLatest from The Business JournalsFairmont San Francisco to be sold for 0M Best Places to Work finalists revealedCopley Plaza proposes outdoor cafe Follow this company .
The hotel, slated to open in 2015, will be crafted by local architect Gensler Austin, and will hold about 1,000 guestrooms and suites. It will also boast 70,000 square feet of meeting space.
Fairmont Austin will be the hotel chain’s second location in Texas.