Saint Elmo reveals development plans

Yesterday, GroundFloor Development and Prescott Group announced plans for the mixed-use Saint Elmo, which is set to open in 2018. The $120 million project will be located near Ben White Boulevard and South Congress. It will be the new home to the Saxon Pub as well as 225,000 square feet of creative office space and an indoor-outdoor marketplace. In addition, according to a press release, Saint Elmo is also working with “some of Austin’s most prominent music non-profits,” including the Health Alliance for Austin Musicians (HAAM), and subsidizing office space. “The market and surrounding office spaces will focus on the unique culture of Austin, which includes some of the best food, live music and creative minds in the world,” said Brandon Bolin, president and CEO of GroundFloor Development. “We’re for the makers. We want to build the district around what makes this city so special. The idea for Saint Elmo is to be ‘native, creative and distinctly Austin.’ There is going to be nothing like it in Texas.”