Unicorn redevelopment opportunity, walking distance from Austin's Barton Springs Pool, steps (literally) from the Hike & Bike trail at the water's edge, and a short stroll to restaurants and shopping on Barton Springs Road and South Lamar Blvd. The property has recently been rezoned to MF-6, allowing up to 90' of height, securing views of Lady Bird Lake, the Downtown Austin skyline, and the Hill Country. Preliminary planning indicates ~150,000 net rentable/saleable SF by-right, with potential for an additional 25k net. Existing 40 unit complex is fully operational, providing an opportunity for cover on the land acquisition before breaking ground.