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According to The Real Deal, Trammel Crow Residential has abandoned plans to build a multi-family complex at the site of Mercury Hall in South Austin.
It is hard to tell whether this decision was the result of neighborhood objections or the deteriorating residential market. It is also hard to tell whether neighborhood objections were based on a love for the cathedral-cum-wedding venue, the numerous large oaks on the property or general objections to density.
In any case, it appears that Mercury Hall will survive, at least until the next massive up tick in local property values.
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I am I supposed to believe this was an accident?