GroundFloor Development and Prescott Group to Begin $120 Million Mixed-Use Development

by Katie Sloan

Austin, Texas — GroundFloor Development and Prescott Group have announced plans for Saint Elmo, a $120 million mixed-use project set to open in Austin in the first quarter of 2018.

Designed by Andersson-Wise Architects, Saint Elmo will include 225,000 square feet of office space and a 40,000-square-foot indoor-outdoor marketplace. In November of last year, the Austin city council approved the rezoning request for the project. Construction is slated to begin in mid-2016.

Brandon Bolin of GroundFloor Development and Matthew Spillers of Spill-Lab Productions are partners in the Saint Elmo Public Market Co., which will oversee the management and tenant curatorial process for the market. KBGE’s Chad Kimbell is the civil engineer of the project, David Hocker of Hocker Design is the landscape designer, Juice Consulting’s Heather Wagner Reed will oversee public relations and marketing, and Helms Workshop is the strategic brand design studio.

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