According to the Austin Business Journal, Austin Proper is part of a new hospitality brand that opened Hollywood Proper Residences in June 2016; plans are to open San Francisco Proper Hotel in June 2017, followed by a Austin Proper Hotel & Residences launch with a 244-room hotel along with 99 condos ranging from 800 square feet in size to 6,000-square-foot penthouses.
The Austin-American Statesman reports that the Kor Group plans to break ground on the Austin Proper, which will be just around the corner from the Independent's "Jenga" tower, in the spring.
Note: This article has been updated to correct the timeline of Proper Hotel Residences' opening and the number of hotel rooms and suites in the Austin Proper Hotel & Residences.