New digs and a payday for Delta Kappa Gamma

Nonprofit Delta Kappa Gamma has officially sold its longtime headquarters at 416 W. 12th St., according to a press release from Sayers Real Estate Advisors. The sale to developer Stratus Properties paves the way for a 400-foot-tall, 35-story tower with 300 apartments. The project – called Annie B after DKG founder Annie Webb Blanton – will feature a “garden honoring the historical impact of DKG’s work.” Construction is scheduled from October of this year to May 2025. DKG successfully rezoned the property last year to allow the tower, fending off preservationists who wanted to save the midcentury-modern building from demolition. After operating in the building for over six decades, DKG decided to sell in order to stay financially stable in the future. The sale amount is undisclosed, though the property was valued at just over $3.5 million in 2021. The nonprofit has already moved to a new headquarters in North Austin.