Block 21

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Project Description

Completed in 2010, Block 21 is the shopping and cultural center of Austin's 2nd Street District. The development encompasses The W Hotel & Residences (251-key hotel and 159 condominiums), two entertainment venues totaling 3,100 seats, 18K SF of retail space, and 38K SF of office space. In May 2022, Stratus successfully sold Block 21 to Ryman Hospitality Properties for $260 million, recognizing a pre-tax gain on the sale of ~$119.7 million.

Project Details

Location:  200 Lavaca St. | Austin, TX
Submarket:  Downtown Austin
Asset Type:  Experiential Mixed-Use Development
Size:  1,000,000 SF
Status:  May 2022

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