Austin Skyscrape " 3 Eleven Bowie "

Austin-based Endeavor Real Estate Group released new details about a planned 36-story tower downtown to the American-Statesman, including that it has lined up the equity for the mixed-use project and has brought the Lynd Co. on as a development partner.

Endeavor and Lynd , a family-owned national real estate company based in San Antonio, plan to break ground on the tower in September, with the first of its 358 apartment units ready for tenants by third quarter 2014. The project is called 3 eleven Bowie, after its address near West Fifth and Bowie streets.

Austin High Rise Buildings Coming Soon!

More high-rises could be headed to downtown Austin's southeastern edge, with a local developer envisioning two towers in the Rainey Street area that each could reach as tall as 50 stories.

The Sutton Co. wants to build the project on about two acres it has under contract bounded by Rainey and Driskill streets and East Avenue. The development would continue the transformation of a part of downtown where a new nightlife scene has emerged with the addition of numerous bars and restaurants.

Together, the towers could have as many as 800 to 1,000 apartment and condominium units, along with hotel rooms in the first tower to break ground, said Mac Pike, a principal — along with Wally Scott — in the Sutton Co. The first tower, which Pike estimated would cost $75 million to $100 million to build, is at least a year to 18 months from breaking ground and would require a number of city approvals, he said.