Austin plans: build 100’s of apartments and cut hiring plans

About 75 percent of the commercial space in the Triangle is spoken for and some say the new land is ripe for more retail or a hotel.From Austin Business Journal by A.J. Mistretta Staff Writer Friday, April 18, 2008 click to read more.     Land at Triangle up for grabs GLO seeks developer to build out tracts near blossoming Central Austin mixed-use project.     The Texas General Land Office is offering up for lease two remaining parcels within the 33-acre Triangle tract, a move that will likely lead to more retail and residential units and possibly other uses at the Central Austin development.     In particular, Burnham says Simmons Vedder is eyeing the 3.7-acre site that would likely allow for about 250 apartment units and roughly 15,000 square feet of ground-floor retail if a vertical mixed use zoning change is approved. He says the earliest his company could begin construction would be spring 2009.      Meanwhile, a nearby Hospitals cuts hiring plans by 400 jobs
From Austin Business Journal by by Kate Harrington ABJ Staff Monday, April 21, 2008 – 5:21 PM CDT click to read more.     The Seton Family of Hospitals has slowed growth plans for fiscal year 2009 — trimming its plan for 800 new jobs to 400, in order to deal with rocky economic times, according to a letter attributed to Seton CEO Charles Barnett.    The letter also says that the entire organization will need to look at cutbacks in growth for the next year. Barnett further mentions that two planned executive positions budgeted in 2009 – vice president of safety and vice president for organizational development – will be eliminated. Barnett writes that the system has also already made some reductions in overtime and premium pay.


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