stratus properties

W Austin Media Statement by Beau Armstrong, CEO Stratus Properties:

Today as you know, another glass balcony panel at the W Austin building shattered in place and fell, breaking two panels directly below, and sending glass into the pool area, which was closed.

The entire team here at the W couldn’t be more devastated that this has occurred, but unfortunately after consulting with numerous experts we still do not know why this has happened.

Stratus Properties, the developer of the W Hotel & Residences in the 2nd street district, is facing delisting from the NASDAQ for failure to promptly file financial reports.

Stratus Properties announced that it closed financing for the massive $295 million Block 21 hotel-retail-condo project behind City Hall on Friday.

Not wasting anytime, they plan to begin construction on the 36-story project on Monday.

We had a great turn out at this meeting of about 80+ people. Thanks for the wonderful participation. This past meeting was all about all the development happening at the old Huntsman site.

Mike Blizzard was there representing the developer of the property (Trammell Crow and Stratus). Sonya Lopez, a city employee, was there representing the City of Austin TOD (Transit Oriented Development) and the Parsons Brinkerhoff consultants.