The Hills development project is located on well-known South Congress Avenue (SoCo), just 3.5 miles south of Downtown Austin. The Development is the re-development of the iconic Hill’s Cafe site located at 4700 South Congress Avenue, in the rapidly changing and growing St. Elmo District, and includes two phases. The first phase consists of 400 luxury multifamily units in the rear portion of the property, fronting on a tributary of Williamson Creek. The second phase, fronting on Congress Avenue, also includes multifamily units, and will also include a cafe/restaurant site, likely with outdoor seating and a music venue. Current plans also include a boutique hotel that will likely contain approximately 125 hotel rooms along with other services. In Phase 1, Sutton, Koa Partners in Dallas, and Atalaya Capital Partners in New York are the General Partners, while Sutton and Koa Partners are the sole General Partners of Phase 2.
SAN ANTONIO EXPRESS NEWS BUILDING
Sutton and SV Capital in Denver are the Development Partners in the redevelopment of the original San Antonio Express News Building. The San Antonio Express News Building is a beautiful and iconic 8-story building located in downtown San Antonio at 301 Avenue E, near the Alamo and the San Antonio Riverwalk. The building opened on October 29, 1929, the day of the infamous stock market crash, and contains many historic characteristics of that time. As the former home of the San Antonio Express News newspaper, previously owned by the Hearst family, it was built as a 1/4 replica of the Chicago Tribune building in Chicago. The original building will be home to a luxury boutique hotel, with adjacent branded condos and full-service amenities. The property will also include a luxury multifamily tower and a world-class entertainment venue, similar to the well-known Austin City Limits Theater in downtown Austin. We expect this project to be a first class destination for residents as well as visitors to San Antonio.
In 2017, Sutton and Koa Partners successfully negotiated the purchase of the Villas on Town Lake residential condominium project that was originally built in 1982 on the shores of Town Lake, at the mouth of Waller Creek. Sutton and Koa are now a partner with Genesis Living from Dallas and are building the 50-story Travis multifamily tower, consisting of over 400 units, which is currently under construction at 80 Red River Street. The Travis is inside Austin’s famous Rainey Street District, and will be a state-of-the-art building in the heart of Downtown Austin.