The residential tower and additional retail portions are set to open later in 2014.
That allows them to use the revenue from the retail portion to cut costs for less profitable enterprises.
The retail portion of the project has attracted many retailers and restaurants new to the Austin market.
The retail portion of the tower includes numerous shops and eateries.
"It probably looks worse than it is because of the retail portion of the business falling off."
He expects to start construction next year on the retail portion.
The retail portion of the mixed-use project opened on November 1, 2007.
But his company itself will be principally responsible for the retail portion of the project.
The retail portion of the project includes several anchors and specialty shops.
The theater was demolished in 2000, but the retail portion of the building, now known as the Pacific Building, still stands.
