Dallas Stars owner Tom Gaglardi plans luxury condo tower in Austin
The 35-story high-rise is the first Texas project for his new Vancouver firm, which also owns Dallas building sites.
Dallas Stars owner Tom Gaglardi is making good on his plans to ramp up his company’s Texas real estate operations.
The Canadian hotel developer and hockey team owner last month disclosed plans to set up a new company to develop residential towers and mixed-use projects in Texas. His new Northland Living company just announced plans for a 35-story luxury condo tower in downtown Austin.
The planned Luminary high-rise will contain 286 residential units priced from around $600,000 to more than $3 million.
“New homes for less than $1 million in downtown Austin fill a much-needed void, and are particularly attractive to young professionals, empty nesters and people wanting a lock-and-leave lifestyle or second residence,” according to Kevin Burns of Austin-based Urbanspace, which is marketing the condos.
Architecture firm Page Southerland Page designed the 400-foot-tall tower to be built at the northwest corner of 14th and Guadalupe streets, west of the Texas State Capitol. The Combined Law Enforcement Associations of Texas have offices on the site that will be relocated to the new high-rise.
Gaglardi’s Vancouver-based real estate firm owns two development sites in Dallas’ Victory Park project. He previously focused his Texas real estate activities on developing hotels.