Developer Pearlstone Partners LLC led by CEO Robert Lee is planning to build a hotel in Austin, Texas near the state capitol. Located on a 0.41-acre site at the southwest corner of 14th and Lavaca streets, Pearlstone’s plans call for the project to be 35 stories, or 399 feet high, and a hotel with 280 rooms with 300,000 square feet of gross floor area. Plans for the site also include multiple floors of dedicated parking that will be capped by an observation terrace as well as for public art space and 3,000 square foot ground-floor space to be used for a restaurant. The project’s designer is Paul Suttles of STG Design Inc.
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